Nasdaq To Provide Technology For Full-Stack Cryptocurrency Mining And Trading Firm Bcause

Nasdaq Offers Technology To “One-Stop Shop” For Crypto Mining And Trading Company

A company called Bcause LLC, which describes itself as a full-stack crypto ecosystem, will start to use the Nasdaq technology recently in order to operate its business. The company has made a recent announcement that it would use Nasdaq’s matching, its tools for market surveillance and its clearing capacities via a platform known as the Nasdaq Financial Framework.

The service will be available in the next few months and Bcause will work with spot cryptocurrency trading and as a designated contract market then. The company is also set to launch a derivatives clearing platform, which will be regulated by the U. S. Commodity Futures Trading Commission.

Bcause affirms on its official press release that the platform will be a “one-stop shop” that will be focused on the spot trading market for cryptos and on crypto mining and futures/derivatives clearinghouse as well, as soon as these practices are approved by the regulators.

The senior vice president of Nasdaq, Paul McKeown, has affirmed that the new partner of the company has created a unique ecosystem and that this gives the investors a very holistic experience to invest in the blockchain technology and cryptos.

He also added that by using the Nasdaq Financial Framework, the company would be able to scale its business and to introduce several new microservices, as well as to meet the standards of the industry.

Fred Grede, the CEO of Bcause, has also talked about the partnership. According to him, he is “honored” to use Nasdaq’ tech. In particular, he praised the surveillance technology provided by the company.

According to him, this would help to ensure that the company is able to properly monitor its ecosystem for market manipulation and for other illicit activities, which would make trading considerably safer than it currently is.

Grede has affirmed that he expects the market to attract a broad range of users and that some of them are already quite familiar with Nasdaq’s technology, so this could bring new investors to the table.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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