Bitfinex Set to Launch Securities Trading Platform
Top crypto exchange platform, Bitfinex, has revealed that it would soon launch Bitfinex Securities Ltd. The securities will give investors exposure to blockchain-built bonds, equities, and other securities products. The exchange already has regulatory approval from AIFC labs.
Part of the announcement states that “issuers can raise funds and enable public trading on their tokens using the platform’s feature known as ‘admission to trading.” Bitfinex’s CTO, Paolo Arduino, states that “Bitfinex securities is the first blockchain-built securities.
Hence, it desires to provide an ideal platform for companies to gain greater exposure than they currently do with the usual stock market.” Arduino also reiterated that the platform would open at all times all through the year.
Other Bitfinex-Related News
Bitfinex currently processes billion-dollar worth of transactions per day with more than 1 million web visits weekly. While the exchange is yet to announce officially, there are rumors within the Bitfinex ecosystem that it plans to launch a security token platform. Bitfinex also revealed that no user would be allowed to perform any transaction on the Bitfinex securities platform until they’ve completed their KYC Verification process.
Earlier in the year, Bitfinex announced a collaboration with Copper.co to install the latter’s ClearLoop technology. Thus, Bitfinex could attract institutional investors, most of whom show a keen interest in the virtual asset industry. Copper.co provides settlement and clearing services for institutional investors to trade cryptocurrencies from their copper dashboard.
Solarzr To Develop IDO Portal For Solana Developers
After completing Solrazr (Solana’s all-in-one solution for its developers) funding round, it is now geared up to develop an IDO portal for the Solana community. Solar raised over $1.3m from this funding round, attracting top venture capital firms such as Skynet, divergence, moonrock capital, and Genblock capital.
It also attracted famous venture capitalists such as Chris McCann and Leo Cheng. A managing partner at Moonrock (one of the venture capital firms that participated in this funding round) opined that his company participated in the funding round because Solrazr’s proposal suits the essential needs of the Solana ecosystem. Also, the team consists of experienced professionals in this field.
One of Solrazr’s founders commented on the development, stating that “all Solrazr’s projects will take advantage of the Solana’s versatile features without incurring huge fees. In the future, Solrazr plans to create a tools platform for any developer to create their projects in double-quick time.”
Based on Solrazr’s roadmap, the platform will launch its separate token and would first create the basics for an accelerator platform. Thus, developers can test the development of simple projects.
Bitcoin Miners Dump BTC To Make Quick Gains
Top china-based crypto analytics firm, BBTC news, has revealed that Bitcoin miners have sold about $79m worth of the king coin in the past seven days. Incredibly, they have been selling each BTC at $50K, especially from September 4 to September 5. Even though BTC surpassed the key $50K price resistance, it is yet to flip it as support and continues to bounce within that range.
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