Published on August 2nd, 2018 | by bitcoin0
Japan’s group to develop the derivatives platform
Japanese financial services giant SBI Holdings will expand its crypto business portfolio by acquiring a 12 percent stake in Clear Markets, according to SBI’s financial results report published July 31.
SBI is scheduled to acquire up to 20 percent in the future.
Clear Markets is a U.S.-based electronic trading platform developer and operator that offers over-the-counter derivatives electronic trading services in the U.S., U.K., and Japan.
SBI’s new stake in Clear Markets is part of an effort to create a cryptocurrency derivatives trading platform catered toward institutional investors.
The platform will reportedly allow financial institutions to trade more smoothly on the crypto derivatives market.