Jamaica Stock Exchange (JSE) Plans Bitcoin And Ether Trading Options With Blockstation Assistance


Jamaica Stock Exchange (JSE) Plans Bitcoin And Ether Trading Options With Blockstation Assistance

It looks like crypto adoption is growing. Now, many traditional exchanges are already starting to be interested in this new technology and we’ll certainly see very interesting developments. One of them will be on the Jamaica Stock Exchange (JSE), which will trial trades with Bitcoin (BTC) and Ethereum (ETH) in real time soon.

The company will be helped by the Canadian fintech company Blockstation and the two will team up in order to enable the live trading of the two most valuable digital tokens in the market today in a fully regulated environment.

During the first stage of this partnership, the companies tried to understand the efficiency of the complete lifecycle of the digital asset ecosystem. As this part of the plan was a success, the two companies will start to trial for 60 days the trading of BTC and ETH with regulated broker-dealers and the Jamaica Central Securities Depository.

After that, more broker-dealers will be able to pass the process to enter the company and trade digital assets as well. However, there is not a set date for the beginning of this future trial.

Last year, these two companies have signed a Memorandum of Understanding (MoU). Now, they will effectively become partners in this new initiative. They are also looking for small and medium companies that could help with the process of implementing a system that could be used to raise funds in a compliant way.

This would probably mean that the company is interested in a Security Token Offering (STO) platform, as well as offering live trading.

The managing director of the Jamaica Stock Exchange, Marlene Street Forrest, has affirmed that this is “unprecedented” opportunity for the exchange and that it can help it to diversify its products and attract new investors.

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