RATE Group | SBI Set to Launch Cryptocurrency Derivatives Market
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SBI Set to Launch Cryptocurrency Derivatives Market

01 Aug SBI Set to Launch Cryptocurrency Derivatives Market

Posted at 01:13h in Cryptocurrency News by

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SBI Holdings is making yet another significant foray into the cryptocurrency market. One of its units has set the ball rolling towards the emergence of a cryptocurrency derivatives trading market. If successful, this move will be a welcome development for virtual currency enthusiasts who yearn for greater liquidity and diverse trading options.

SBI Paving the Way for Cryptocurrency-based Derivatives Market

SBI Crypto Investment, a subsidiary of SBI Holdings yesterday (July 30, 2018) purchased a 12 percent stake in Clear Markets, an electronic trading company. Though details of the deal haven’t been published as at press time, the deal is reportedly worth $9 million (1 billion yen).

Clear Markets, based in Charlotte, North Carolina in the United States, deals in developing and operating electronic marketplaces as well as trading technologies. By investing in the company, SBI Crypto is hoping to create a derivatives trading platform, which should attract institutional investors…

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