Hedge developing new trading platform, soon to open up

Hedge's Blocktrade.com opening up for a pre-registration in March 2018, will begin trading in Q1 2018
26 February 2018   424

A new EU-based cryptocurrency exchange Blocktrade.com will open up in March 2018 for a pre-registration. Registered users will have a priority in opening trading accounts and will have an exclusive navigation access for a web-service and Android and iOS mobile apps.

The platform is under development by the team of cryptocurrency index provider Hedge. The new exchange promises to give top of the line trading facilities for digital assets and other blockchain related fintech instruments. Hegde even registered for starring at Money 20/20 Asia with the presentation of their new platform.

Their site promises Blocktrade.com to be state-of-the-art trading platform with order-matching and settlement engine far faster than the current industry standard by order of magnitude. They claim processing more than 10 thousand operations per second to be not an issue while still maintaining the high security standards. The «Swiss security levels» and full compliance with any and all regulations is also a great boon the claimed stability and longevity of the platform. The company even passed the registration hurdles and is now officially known as Blocktrade AG. The exchange platform will be up and operational in the Q1 2018, so we' don't have to wait too long to see if the claimed performance and security are really up to the task.

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC
18 July 2018   123

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.