Reports have emerged of an impending partnership been the Gibraltar Stock Exchange (GSX) and the Gibraltar Blockchain Exchange (GBX) on one side and the Hydra X trading platform on the other.
Hydra X is a leading cryptocurrency exchange platform that operates out of Singapore. The blockchain-driven platform supports the trading of multiple digital assets, including exchange-traded products.
If successful, GBX and GBX will both integrate the Sigma platform, a trading solution developed by Hydra X. as a result, users of both exchanges will be able to manage and transact with their digital assets using Sigma.
Daryl Low, the CEO of Hydra X, sees the collaboration with GBX and GSX as an opportunity to expand their client base. He also said that the impending deal is an indicator of the efficiency of the Hydra X solution.
Together, GBX and GSX make up the GSX group. The GSX group is committed to revolutionizing the finance industry using distributed ledger technology. Nick Cowan, the chair of the GSX group, believes that working with Hydra X will increase the efficiency of transactions in the financial markets as well as the adoption of blockchain technology.