tZERO and Boston Option Exchange to Join Forces

Companies are going to lauch the regulated security-tokens exchange
23 May 2018   1143

The operator of the Boston Stock Exchange announced an agreement with the online retailer Overstock, which will launch the world's first regulated exchange of cryptographic tokens classified as securities or security tokens. This is reported by Bussiness Wire.

The joint venture of tZERO and BOX Digital Markets have not received a name yet, but it is already known that with its help startups will be able to list their tokens without violating the requirements of securities laws. In addition, it will allow companies whose shares are already represented on traditional exchanges, tokenize their securities and release them on the block.

tZERO has proven to be a pioneer in the development and practical use of blockchain technologies for capital markets for a number of years. tZERO’s track record and accomplishments in this innovative area, coupled with BOX’s expertise in operating a highly efficient and transparent equity options marketplace, made partnering together an easy decision and we look forward to building a world-class platform for listing and trading security tokens.

Lisa Fall

CEO, BOX Digital

Saum Noursalehi, who recently headed tZERO, after leaving his post Patrick Byrne, regards the initiative as an "important point" in the way of integrating the crypto-currency markets into traditional finance.

Our partnership with BOX Digital Markets is a significant milestone that will create the first SEC-regulated exchange designed to efficiently trade crypto securities. Lisa Fall’s leadership, reputation and deep experience in the regulated securities exchange industry will be a major asset in achieving this objective. Together, we will continue to work with the SEC as we develop a first-of-its-kind platform that will integrate blockchain capital markets into the current U.S. National Market System.

Saum Noursalehi

Head, tZERO

BOX Digital will manage the exchange of tokens and will negotiate with regulators, while tZero will provide financing and license its own technology based on the blockchain, which will form the basis of the new platform. 

Fake Trading Share to Reach 68%, - FTX Global

This figure, however, is significantly lower than what Bitwise's report and the discrepancy is explained by the difference in methodology
04 July 2019   848

The exchange of derivatives FTX Global and Alameda Research conducted a study that estimated the volumes of fictitious transactions (wash trades), presumably prevailing in many cryptocurrency exchanges.

The report says that 68.6% of trading volumes displayed by CoinMarketCap are fake. This figure, however, is significantly lower than what Bitwise Asset Management announced in March.

The discrepancy between the results in almost 30% of the authors of the new study is explained by the difference in methodology. So, FTX Global is sure that Bitwise used an too strict approach to data analysis, which is why a significant proportion of real trading volumes fell into the category of fake ones.

While our methods are not foolproof, we believe they paint the most accurate picture of the true nature of cryptocurrency trading volume that anyone has made publicly available as of yet.

FTX Global Team

The Alameda methodology involves verifying the authenticity of data on trading volumes on various exchanges based on six different parameters, including manual verification of information and comparison of order books.

FTX Global Website
FTX Global Website

In particular, the experts found out that some sites provided data on the volumes of foreign exchanges for their own, with a slight delay in time. Other platforms used more advanced techniques - for example, they introduced large fake volumes only against the background of many smaller orders, thus trying to hide the true state of affairs.

The main purpose of these tactics is to raise the platform higher in the CoinMarketCap rating, creating a false impression of its liquidity. It also sometimes allows for the ability to charge a higher listing fee.