CBOE to File New Bitcoin ETF License Application

The proposal only will trade with SolidX Bitcoin Shares, and each share will be worth 25 Bitcoin
09 July 2018   1067

The CBOE Global Markets sent an application to the US Securities and Exchange Commission (SEC) for the opening of another bitcoin ETF, which intends to trade in SolidX shares. This is reported by BitcoinExchangeGuide.

The SEC requested comments on the application on June 26. It is assumed that the price of one share of SolidX will be 25 BTC. Nevertheless, even if the CBOE receives a positive response, the bitcoin-ETF will not be launched before the first quarter of 2019.

As reported, in the past, the SEC has repeatedly rejected applications for the launch of Bitcoin ETF, but this time the application was filed after several recent statements by the Commission that it does not plan to classify Bitcoin and Ethereum as securities.

In this regard, and in the light of more liberal legislation on crypto-currencies in countries like Malta, the Commission may reflect on making the US market more competitive.

In July 2016, SolidX Partners Inc filed its own application for the launch of ETF based on bitcoin. It was assumed that the fund will be traded on the New York Stock Exchange (NYSE), but in March 2017, the SEC finally rejected it.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   122

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.