Category: settlement

Southeast Asia’s Largest Bank DBS Says Trading Volumes on Its Cryptocurrency Exchange Have Increased 10 Times

DBS, Southeast Asia’s largest bank, says that cryptocurrency trading volumes on its exchange have grown 10 times to around $30 million to $40 million. The bank is also collaborating with JPMorgan on a blockchain settlement platform and plans to launch its first security token offering in the second quarter, its CEO has revealed. DBS’ Crypto […]

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Robinhood CEO holds up crypto exchanges as model for faster stock settlement

During a webinar on Tuesday, the CEOs of  Robinhood and Paxos juggled ideas for speeding up stock settlement times. Robinhood’s Vlad Tenev has been in the public spotlight since wild volatility in meme-driven stocks like GameStop and AMC pushed the popular stock trading app into the public eye earlier this year. At the time, he […]

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Credit Suisse, Instinet settle equities on same day via Paxos Settlement Service

Credit Suisse and Nomura-owned broker-dealer Instinet have settled U.S.-listed equity trades on a same-day settlement cycle (T+0) via Paxos’ blockchain-based settlement service. Paxos announced the news on Tuesday, saying the equity trades occurred at 11 AM ET and 3 PM ET on a day and were settled at 4: 30 PM ET on the same […]

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Payment Giant Visa Integrates USDC Stablecoin Support for Settlement

On Monday, the American multinational financial services corporation Visa announced that digital currency payments have arrived on Visa’s settlement platform. The payment giant revealed that the company will leverage USD coin (USDC), the regulated token built on top of the Ethereum network. A lot Has Changed Since Dee Hock founded Visa Visa has announced cryptocurrency […]

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Citadel, Robinhood will call for shorter settlement times before Congress. Can it be done?

Robinhood founder Vlad Tenev and Citadel Securities boss Ken Griffin will call for a reduction in trade settlement times when they appear in front of Congress on Thursday. In witness testimony published ahead of the hearing, Tenev blamed the prevailing two-day settlement period for the disruption experienced by retail traders on the Robinhood platform in […]

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Legal Battle Between Bitmain Co-Founders Appears to End With Micree Zhan Taking Control of the Company

Legal Battle Between Bitmain Co-Founders Appears to End With Micree Zhan Taking Control of the Company

The long-lasting legal battle between co-founders of China-based Bitmain seems to have seen the light at the end of the tunnel after both parties agreed to reach an agreement. Legal Tussle Between Bitmain Co-Founders Reportedly Ended With a $600 Million Compensation for Jihan Wu According to Chinese media outlets, citing local crypto journalist Colin Wu, […]

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Crypto evolution: How market for institutional trading services evolved over time

Crypto evolution: How market for institutional trading services evolved over time

Quick Take Approximately 36% of 42 companies that offer institutional trading services fall under the brokerage category Twenty-six of the 42 firms surveyed — or roughly 62% — are based in the United States Roughly 74% of the businesses that offer institutional trading services were founded in 2017 or later This research piece is available […]

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