RATE Group | Cryptocurrency exchange Bittrex teams with registered trading venue Rialto
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Cryptocurrency exchange Bittrex teams with registered trading venue Rialto

23 Aug Cryptocurrency exchange Bittrex teams with registered trading venue Rialto

Posted at 13:20h in Cryptocurrency News by

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NEW YORK (Reuters) – U.S.-based cryptocurrency exchange Bittrex is partnering with registered broker-dealer Rialto Trading to offer a trading venue for blockchain-based digital assets, the companies said on Thursday.

Rialto runs a U.S.-registered trading platform for fixed income products and, pending approval from regulators, will expand its operations to include virtual tokens that are registered securities, the companies said.

Both companies said they were having “detailed conversations” with regulators, but could not give any indication of when they might receive approval to launch.

The venue will be open to institutional investors, corporations, U.S.-registered broker-dealers and accredited investors – who must meet U.S. securities regulations for annual income of at least $200,000 or a net worth topping $1 million.

“We have seen interest from most of our large institutional clients that are trading our fixed income products,” Rialto Trading Chief Executive Shari…

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