Fun

News Feed - 2023-11-15 05:11:00

Ezra Reguerra1 hour agoOKX joins Komainu and CoinShares for institutional segregated asset tradingSebastian Widmann, head of strategy at Komainu, believes this is a necessary step to attract institutions to adopt digital assets.295 Total views2 Total sharesListen to article 0:00NewsJoin us on social networksCrypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets to push institutional adoption of digital assets forward.


According to OKX, CoinShares will trade on the OKX exchange, while Komainu, a third-party custody provider, holds the collateral assets. This is done to mitigate counterparty risks, such as the other party failing to fulfill its part of the deal in a trading transaction.


According to Sebastian Widmann, head of strategy at Komainu, this is a necessary step to attract institutions to adopt digital assets, as it mirrors traditional financial market infrastructure. “By acting as independent, trusted and regulated third-party custodians for collateral assets, we give our clients additional assurances throughout their trading lifecycle,” Widmann said in a statement.


Lennix Lai, the chief commercial officer at OKX, believes that the new development addresses one of the remaining hurdles for institutional traders, counterparty risks. He explained:“Secure custody solutions are live. Regulatory frameworks are taking shape. Exchange liquidity is deepening alongside the development of the trading ecosystem. However, counterparty risk is a big remaining hurdle for institutional traders.”


According to Lai, this protection reinforces the trust and confidence of institutional traders and creates a more reliable landscape for them to transact in digital assets. In a previous interview with Cointelegraph, Lai stated it’s important to raise compliance standards to bring in more traditional finance investors within the crypto space. 


Related:Brad Garlinghouse jabs at maximalists: ‘It will be a multichain world’


Meanwhile, Lewis Fellas, head of hedge fund solutions at CoinShares, said the partnership creates a “legally robust mechanism” for the mutual management of assets. According to Fellas, the partnership also demonstrates the company’s expertise in “negotiating complex tripartite agreements that cover collateral, security and legal risks,” which are important for institutional investors.


Magazine:Slumdog billionaire: Incredible rags-to-riches tale of Polygon’s Sandeep Nailwal# Blockchain# Adoption# CoinShares# OKXAdd reactionAdd reactionRead more3 theses that will drive Ethereum and Bitcoin in the next bull marketOKX launches Ethereum layer-2 testnet using ZK-based Polygon CDKNew figures show hardly anyone is using ERC-4337 smart accounts

News Feed

2TM, Mercado Bitcoin’s Holding Company, Raises $50.3 Million in Second Closing of Series B Funding Round
2TM, Mercado Bitcoin"s Holding Company, Raises $50.3 Million in Second Closing of Series B Funding Round 2TM, a Brazilian fintech unicorn that is the holding company of Mercado Bit
The 4 Best Presales to Buy as Morgan Stanley Sets to Expand its Crypto Market Presence
Este artículo también está disponible en español. Donald Trump winning the elections has ushered in an unprecedented amount of bullish sentiment in the crypto market. Wit
EU watchdog sues Elon Musk’s X over alleged AI data violations
Tristan Greene5 hours agoEU watchdog sues Elon Musk’s X over alleged AI data violationsAs recently as July 25, the DPC seemed to believe the matter would be resolved without court actions.446 Total views6 Total sharesL
Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders
Ciaran Lyons6 hours agoBitcoin will "propel the next leg up" if key trading pattern confirms — TradersThe inverse head and shoulders pattern forming "would make sense" if Bitcoin doesn"t "break straight
Binance Blamed for Purposely Choking Ethereum’s Network
Binance Blamed for Purposely Choking Ethereum’s Network The recent ramp higher in cryptocurrency prices has assuredly attracted its fair share of cheerleaders
Spanish Prosecution Office Investigating Alleged Bitcoin Pyramid Scheme: $1 Billion in Investor Funds Reportedly Missing
Spanish Prosecution Office Investigating Alleged Bitcoin Pyramid Scheme: $1 Billion in Investor Funds Reportedly MissingThe Spanish Prosecution office says it is investigating Arbis
Elon Musk Changes Twitter Profile to Bitcoin, Tweets ‘It Was Inevitable’ — BTC Price Skyrockets
Elon Musk Changes Twitter Profile to Bitcoin, Tweets "It Was Inevitable" — BTC Price Skyrockets Elon Musk has changed his Twitter profile to just “#bitco
Axie Infinity Co-Founder Says Blockchain Game Plans to Launch a Decentralized Exchange
Axie Infinity Co-Founder Says Blockchain Game Plans to Launch a Decentralized Exchange Sky Mavis, the team that created the Ethereum-powered non-fungible token (NFT) game Axie Infi
Coinbase Files Paperwork With SEC to Launch Public Offering
Coinbase Files Paperwork With SEC to Launch Public Offering U.S. cryptocurrency exchange Coinbase had confidentially filed a draft registration for a public offe
Wealth manager Cetera adds spot BTC ETFs to it platform, with training
Derek Andersen7 hours agoWealth manager Cetera adds spot BTC ETFs to it platform, with trainingThe large wealth management firm chose four Bitcoin ETFs for its professionals to offer to their clients.3041 Total views7 To
Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq Listing
Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq Listing A class-action lawsuit has been filed against cryptocurrency exchange Coinbase, its executiv
Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions
Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts ha