OKMSX: OKEx and Malta Stock Exchange (MSX) Launch Security Token Trading Platform
OKEx And The Malta Stock Exchange Launch A Trading Platform Designed For Securities
The famous cryptocurrency exchange OKEx signed a Memorandum of Understanding (MoU) with the Malta Stock Exchange MSX. The main intention behind this partnership is to establish a security token trading platform that would be settled in the Mediterranean Island.
The information has been released by OKEx and the platform is expected to go live and start operating during the first quarter of 2019. In this way, it will be possible for Malta to reinforce its position in the crypto market. At the moment, the island is attracting important companies from all over the world because it is offering clear and friendly regulations that help businesses expand their products and services.
The exchange will be called OKMSX and will be helping the exchange have better products and services. Moreover, it will also help the island of Malta to be integrated to the crypto market.
At the same time, the exchange will be a key sponsor of the DELTA Summit, that will also take place in Malta in October.
The Blog Post Reads As Follows:
“Named OKMSX, the new exchange will leverage our digital operations and security expertise, as well as the Malta Stock Exchange’s 26-year track record of operating as a regulated stock exchange with experience in regulatory compliance and client due diligence.”
The exchange will be working as a platform for institutional investors from all over the world. Unfortunately, the blog post does not inform which will be the conditions to access the future service. It is not clear if non-accredited investors would have the possibility to trade securities in the new platform or not.
OKEx is one of the most important crypto exchanges in the world and lists more than hundred tokens and cryptocurrencies. At the moment, OKEx is the second most important exchange by trading volume, moving over $1.17 billion dollars in the last 24 hours.
back in April 2018, the platform announced that it had plans to start working in Malta. Something similar to what Binance, the most important crypto exchange, did some months ago. The European island offers a very supportive regulatory framework towards cryptocurrencies, and blockchain technology.
Another important crypto exchange from Poland, BitBay, had to move to the island in May due to the fact that Poland authorities and financial institutions have a very hard stance on virtual currencies.