Susquehanna International Group intends to launch crypto trading

Posted 08 June, 2018

US-based leading investment company Susquehanna International Group reportedly considers the start of crypto trading activities. 

According to the news reports, the company plans initially to launch futures on the first digital coin, and later may add trading services for Bitcoin, Ethereum, Bitcoin Cash and other coins. Earlier, SIG has been providing OCT trading services, but only for a small number of people.

Taking into account that the company passed certification as a broker-dealer from SEC, its clients will be able to trade on the platform the cryptos considered by the regulator as securities.

“We believe that this technology and this asset class is going to change some facet of financial services, and we think it is going to exist forever,” reported NYT citing the company representative. 

The company reportedly plans to start small and offer new services to some 500 people, though with plans to expand business in the long-run.

For reference,  Susquehanna International Group is in the list of the major trading firms in terms of volumes and deals with stocks, options, ETFs, etc.

As it was reported earlier, US key crypto exchange company Coinbase announced the acquisition of a broker-dealer company in California.

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08 June, 2018 17:29

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