The TMX group, operator of the Toronto stock exchange, has announced the launch of a brokerage platform of crypto-currencies. The service will be managed by the group’s subsidiary, Shorcan Digital Currency Network. It will focus on the Bitcoin and Ethereum. The project will be implemented in partnership with the start-up local Paycase Financial Corp.
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Exchange the Bitcoin and Ethereum via the new platform of the TMX
The TMX group will now allow its customers to buy and sell two currencies digital the most popular, namely the Bitcoin and Ethereum. This will be possible thanks to the launch of its subsidiary, Shorcan Digital Currency Network. Other crypto-currencies will be added according to customer demands. According to the group, the brokerage service can be deployed through a partnership with Paycase Financial Corp. The start-up based in Toronto specializing in the financial services industry decentralized and operates a platform for mobile transfer.
Source : The World, Pixabay. TMX group will launch a brokerage platform of crypto-currencies.
The CEO of Paycase Joseph Weinberg has stated that, as the first site of brokerage crypto public, this agreement also represents a real institutionalisation of the digital currency. He then described the project as a major step forward to reduce the gap between the world of crypto-currencies and the traditional financial market. TMX said that the brokerage is an important step in the execution of its digital strategy.
Scheduled to launch in the second quarter of this year
According to John Lee, director-general of Enterprise, Innovation & Product Development, the group is looking for new ways to meet the needs of its customers. The officers of the society hope that Shorcan DCN will establish links between TMX and the world of virtual currency. Shorcan is expected to make his debut in the second quarter this week.
The president of the subsidiary Peter Conroy has stated that they are delighted to reach this agreement with Paycase, which is a start-up innovative. This collaboration will allow the TMX group to reach a wider audience.
Source : NewsBitcoin