Grayscale Bitcoin Trust to be The Most Traded at OTCQX

OTC Markets Group (formerly known as Pink Sheets) is an OTC stock trading system, it reflects broker/dealer quotes for over-the-counter securities
08 May 2019   540

The head of the Digital Currency Group, Barry Silbert, reported that the shares of the Grayscale Bitcoin Trust (GBTC) were among the leaders in terms of trading volume at the OTC Markets Group.

OTC Markets Group (formerly known as Pink Sheets) is an OTC stock trading system. It reflects broker/dealer quotes for over-the-counter (OTC) securities.

Grayscale Investments, part of the holding of the Digital Currency Group, recently launched the #DropGold campaign with a call to get rid of gold in favor of Bitcoin.

Gemini Wants to Trade Crypto Securities

The broker-dealer license appeal will be sent to Financial Industry Regulatory Authority, but experts believe the plans implementation can take some time
03 July 2019   1071

Gemini Bitcoin Exchange will apply for a broker-dealer license, which will allow it to operate as an alternative trading system and offer clients securities on the blockchain. It is reported by CoinDesk.

The appeal will be sent to the Financial Industry Regulatory Authority (FINRA).

Gemini has previously entered into a partnership with Harbor, a startup specializing in real-world assets tokenization, which gives institutional investors the opportunity to purchase securities using Gemini Dollar (GUSD).

However, now, as source familiar with the operating activities of Gemini said, the exchange plans to launch trading in similar instruments on its own platform. It is assumed that this will be securities from Harbor, as well as from other projects.

Implementation of these plans, however, may take quite a long time, so FINRA is in no hurry to approve applications for obtaining a broker-dealer license from cryptocurrency companies. Currently, the organization is considering about 40 such applications, while some companies have been waiting for 14 months to complete.

In April, Harbor raised $ 28 million in funding from a number of venture capital investors, including Andreessen Horowitz and Pantera Capital. In November of the same year, the company launched a platform for distributing security tokens, starting with the sale of shares in The Hub residential complex in South Carolina.