Markets

Stock Exchange Operator TMX Group is Launching a Cryptocurrency Brokerage

Stock-Exchange-Operator-TMX-Group-is-Launching-a-Cryptocurrency-Brokerage

Canada-based stock exchange operator TMX group announced on Thursday that its wholly-owned-subsidiary, Shorcan Digital Currency Network (Shorcan DCN) has agreed on a partnership with Paycase Financial about launching a cryptocurrency exchange.

The focus will be on Bitcoin and Ethereum at the launch and its planned to take place in the second quarter of 2018.

Shorcan DCN model is to leverage the combination of Shorcan broker’s expertise in arranging clients in the Canadian financial industry with liquid, efficient and reliable brokerage services and established a worldwide network of industry leader and participants.

“We are excited to enter into this agreement with Paycase, an industry leader with an innovative and entrepreneurial spirit,” said Peter Conroy, President, Shorcan

John Lee, Managing Director, Enterprise Innovation & Product Development, TMX Group added:

“Shorcan DCN represents a significant step forward in the execution of TMX Group’s digital strategy. As new technologies continue to reshape the global financial industry, we continue to explore new ways to evolve our business to address client needs in both traditional and non-traditional markets”

Image Source: “Pixabay”

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