Jamaica Stock Exchange Plans to Offer Cryptocurrency Trading


The Jamaica Stock Exchange (JSE) has announced it intends to permit investors the ability to exchange cryptocurrencies throughout the regulated stock market. According into the JSE, the Canadian-established Blockstation can help alleviate the crypto-trading services.

Jamaica Stock Exchange Plans into Facilitate Crypto-Asset Trades at 2018

Jamaica Stock Exchange Plans to Offer Cryptocurrency TradingThe Jamaica Stock Exchange is considering offering its clientele the capacity to put money into electronic assets. The JSE declared on Tuesday the company is currently partnering with the firm Blockstation by signing a memorandum of understanding (MoU). The MoU says the two companies will empower JSE clients the ability to exchange blockchain tokens within a safe and regulatory frame. JSE claims that Blockstation’s system is ideal to handling digital money transactions, as well as the settlement and clearing of blockchain tokens.

Satisfying Considerable Investor Interest at Digital Assets

The two businesses believe the arrangement is going to be a landmark as it might turn into the first global stock exchanges which will enable cryptocurrency trades. At the second only digital money futuresoptions, and also exchange-traded notes have been exchanged at a regulated stock market kind of surroundings. JSE has been operating with Blockstation by finishing evaluations and hosting a thriving live workshop with broker members and local authorities.

“We are excited to implement this service with our clients, satisfying considerable investor interest in digital assets. We are also proud to be at the forefront of bringing innovation to capital markets,” describes Marlene Street Forrest, the Managing Director of the JSE.

We are extremely comfortable moving ahead depending on the instruction and service offered by Blockstation, also since their trading platform comprises recognizable compliance principles to ensure a reasonable market.

Since that the JSE established its principal stock market in Kingston, Jamaica that the company has seen a great deal of development. To adapt growth the JSE established its online trading platform in 2015, which at the time was the very first of its type within the Caribbean, allowing clients to see market functionality, and purchase and sell securities. An agent associate of the JSE in the company Sagicor Investments, Kirk Brown, states the JSE choice to provide digital money trading is paramount for the Development of the budding tech-driven market.         

“It is very important for investors to be able to invest in digital assets through their traditional financial institutions,” Brown emphasizes.

It’s exciting to be in the outer edge where electronic money demand meets safe dependable accessibility .

What would you consider this Jamaica Stock Exchange intending to provide digital currency trading solutions? Let us know your ideas on this topic from the comment section below.

Images courtesy of Shutterstock, also Pixabay.

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Original post initially appeared in https://news.bitcoin.com/jamaica-stock-exchange-plans-to-offer-cryptocurrency-trading/

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