German private bank to offer crypto trading services
German-based offshore bank – Valens Bank – is said to enter into an agreement with the subsidiary of Stockholm IT Ventures AB, Sweden's Blocktrade Technology Ltd. (BTT) to use Crypto Trading Toolbox for cryptocurrency trading.
Notably, Valens Bank will be able to use the provided software (Crypto Trading Toolbox) only for crypto fund trading under the contract.
"We are proud to deliver our first license deal with Valens Bank. The agreement is perfectly in line with Blocktrade Technology's strategic goals and approach for Institutional investors and banks who aim to offer great returns on investments...this agreement is yet another proof of concept and what we believe to be one of many high-value deals to come this year," commented Fredrik Waijnstad, Managing Director Blocktrade Technology.
The official inauguration of the new instrument is slated for this September. At present, the companies are working through all details to secure a smooth launch.
"We are confident that this software will offer great value to clients and give pro-traders the market edge all are looking for. We have made a thorough due diligence of the BTT software in live trading situations and are amazed by its performance," said Valens Bank representative.
Under the license contract, BTT will receive a 1.5% annual fee on the amount deployed on the platform.
27 August, 2018 11:11
← Iran announces national cryptocurrency draft
Iran's National Cybersecurity Center reported that it has prepared the draft bill for the national cryptocurrency. The project is being developed under guidence of the Iranian president. According to the news reports, the deputy chief of the authority that works on the new project, Saeed Mahdiyoun, stated in the media that the concept of the national digital coin is actively promoted by the cybersecurity agency
23 August, 2018 14:35
Numerous foreign crypto exchanges can become unavailable for Chinese users →
The financial regulator in China considers a possible ban on more than 100 foreign crypto trading platforms that are opened for the Chinese residents. The local media stated that the financial supervision agency found out that 124 exchanges based on foreign IP addresses keep offering services in China.
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