June 6, 2018

Trading Giant Susquehanna to Help Clients Buy and Sell Cryptocurrencies

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Susquehanna International Group, one of the world’s largest investment firms, will begin offering cryptocurrency trading to its clients.

The company, which is based out of Bala Cynwyd, PA — a suburb of Philadelphia — is one of the highest-volume trading firms, and it has long dealt in stocks, options, ETFs, and other conventional securities.

However, Susquehanna has also quietly been facilitating over-the-counter (OTC) cryptocurrency trades for more than two years, and its bitcoin trading desk has now seats about a dozen people.

Now, the firm plans to begin offering cryptocurrency to a small group of its 500 clients with the goal of expanding this service in the future. The news was first reported by the New York Times.

“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,” said Bart Smith, head of Susquehanna’s digital asset group.

Smith told the publication that Susquehanna views bitcoin primarily as a store of value — for now — though it believes either it or another cryptocurrency could become a so-called native currency for the internet.

In addition to bitcoin futures, Susquehanna will help its clients buy and sell actual cryptocurrencies, including bitcoin, ether, and bitcoin cash. Since the company is registered with the Securities and Exchange Commission (SEC) as a broker-dealer, it will be allowed to help its clients trade cryptocurrencies that the SEC classifies as securities.

Susquehanna’s decision to open cryptocurrency trading to clients is the latest evidence that large-scale investors and institutions are beginning to warm to this nascent asset class, albeit perhaps slower than many expected they would.

As CCN reported, investment banking giant Goldman Sachs has created a bitcoin futures product for its clients and plans to begin trading “physical bitcoin” in the future.

Meanwhile, Intercontinental Exchange, the owner of the New York Stock Exchange, has reportedly discussed adding a cryptocurrency exchange to its stable of trading platforms, while Nasdaq CEO Adena Friedman has said that the firm is open to listing cryptocurrencies on its platform once the market is more mature.

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Published at Wed, 06 Jun 2018 16:34:48 +0000

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FundYourselfNow Crowdfunding Platform Announces Q1 2018 Launch, ICO Starts June 2, 2017

A new smart contract based crowdfunding platform, FundYourselfNow.com is set to launch in Q1 2018, making its services available to cryptocurrency investors and entrepreneurs. The platform is built with a goal to help the project leaders raise funds in bitcoin and Ethereum, to back their ideas through various partnerships.

[Note: This is a press release.]

The platform’s mission aligns with the recent trends in the cryptocurrency market which saw a huge rise in ICO investment during 2016. During the period, over $200 million raised across the board. Despite the huge influx of ICO investments, smaller and less technically savvy project leaders are less able to orchestrate such investment vehicles.

FundYourselfNow aims to simplify the crowdfunding process, to give all ‘Project creators’ a chance to receive the necessary funding to establish themselves in the market. FundYourselfNow project creators will be able to create virtual tokens, which will offer unique customized rewards to the investors, which contribute towards the project. The tokens will eventually be eligible to be traded on cryptocurrency market platforms.

FundYourselfNow is built over Ethereum platform, leveraged by its smart contract capabilities. It has already seen significant developments in terms of inclusion of bitcoin support via Rootstock and more as the team prepares for the crowdsale.

The Ethereum smart contracts are designed to promote a level of accountability within the crowdfunding ecosystem. The platform has a milestone-based payment option, which allows project investors the ability to withdraw fund, should a project fails to deliver on its targets. This alleviates a large portion of the risk currently faced by investors in most standard cryptocurrency ICO’s.

Hong Kong-listed company, Success dragon International’s CEO Carlos Salas recently lead the seed funding round for FundYourselfNow. Carlos, also an angel investor and accomplished businessman, helped the platform reach their initial funding goal faster than anticipated.

The funds raised through crowdsale will be utilized by FundYourselfNow to continue the platform’s development and offer project creators cryptocurrency-backed funding, through their crowdfunding campaigns.

Pinnacle Digital has acquired Caxton Worldwide Success Limited, in order to assist FundYourselfNow to achieve its own separate legal status. Led by Pinnacle Digital’s team, FundYourselfNow will continue its fundraising and development under the heading of Caxton Worldwide Success Limited. The platform has scheduled its upcoming ICO on June 2nd, 2017, giving investors a chance to support the crowdfunding project from day one.

Images courtesy of FundYourselfNow, Shutterstock

The post FundYourselfNow Crowdfunding Platform Announces Q1 2018 Launch, ICO Starts June 2, 2017 appeared first on Bitcoinist.com.

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