OpenFinance trading platform for security-tokens goes live

Posted 29 August, 2018

OpenFinance trading platform announced a regulated alternative trading system (ATS) for security-tokens.

According to the news reports, the new service will enable US licensed investors to buy/sell digital assets. The CEO of OpenFinance Juan Hernandez noted that nonaccredited retail investors will also have access to ATS and trade certain assets, though the holding period of the assets must be 1 year.  

The soft launch of the system was made a few weeks ago when future users could pass registration, verification and other KYC/AML measures. OpenFinance started trading yesterday. 

SPiCE VC (SPX) was the first token to be traded on the ATS, with Science, Protos, MintHealth, Corl, Bloxroute and Property Coin to be added in the near term. As the company representative said any token covered by Regulation D, S, A+ or CF exemption can be traded on the platform.

"Our partners are all security tokens that have the necessary smart contract infrastructure in place to be able to trade on our platform," company CEO commented.

For reference, OpenFinance is not the only company that targets ATS. Bittrex , Coinbase, Overstock expressed similar intentions willing to achieve legal security-tokens trading on the regulated platform in the USA.

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29 August, 2018 13:54

← Bithumb said to renew bank agreement, user registration to be restarted

South Korea's Bithumb, one of the major crypto trading platforms in the country, is said to resume cooperation with Nonghyup bank, which means that the exchange will be able to restart registration for new clients. The companies are likely to sign a contract on August 30. As a result, the renewed agreement will enable Bithumb register real-name virtual accounts of traders. 

Bithumb said to renew bank agreement, user registration to be restarted

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29 August, 2018 11:25

US dollar stronger vs euro in middle of the week →

The US dollar moves up against the European currency driven by positive international trade reports and shows steady positions against the yen. The WSJ Dollar index (an indicator of US dollar changes against 16 main currencies) improved by 0.15% today. The euro has weakened against the greenback to $1.1667, compared to $1.1695 recorded yesterday.

US dollar stronger vs euro in middle of the week
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