BitBeat: Blockstream Q&A On Sidechains; Wedbush Invests in Buttercoin For the first time, a Wall Street firm has made a direct investment in a bitcoin company....
Wedbush, which decided to invest in Buttercoin after searching for a service through which it could conduct its own bitcoin trading, must wait on regulatory changes before it can trade bitcoin on its clients’ behalf through the marketplace. For now, Mr. Luria said, Wedbush will use Buttercoin’s service to “trade an immaterial amount for our own account.” However, if the regulatory framework permits, the plan is to eventually ”help our clients trade bitcoin just like we help them trade stocks,” Mr. Luria said.
http://blogs.wsj.com/moneybeat/2014/11/17/bitbeat-blockstream-q-wedbush-invests-in-buttercoin/interesting
