TSX Group Subsidiary to Launch Cryptocurrency Brokerage
A wholly-owned subsidiary of Canada-based stock exchange operator TMX Group is launching a cryptocurrency brokerage.
TMX said Thursday that the subsidiary, Shorcan Digital Currency Network, had partnered with Paycase Financial on the initiative, which would focus on bitcoin and ether at launch, which is slated for the second quarter of 2018.
Paycase chief executive Joseph Weinberg called the brokerage "the first ever public crypto brokerage desk by an exchange," saying the new partnership "represents the true institutionalization of cryptocurrencies as an asset class."
He went on to say:
"Paycase's partnership with the TMX solved a major problem in the blockchain ecosystem. With this partnership, we have built the first major bridge between the crypto world and the traditional financial markets."https://www.coindesk.com/tsx-group-subsidiary-launch-cryptocurrency-brokerage/
