Puremarkets launches digital asset trading platform

By clara.dijkstra3 days ago

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Puremarkets launches digital asset trading platform

Submitted

08/04/2021 - 10:15am

Puremarkets has entered into an agreement with State Streets Currenex to provide the trading infrastructure for Pure Digital, a new wholesale digital currency trading platform.

Additionally, Pure Digital and State Street intend to further explore the digital currency trading space.

Pure Digital will be a fully automated, high throughput OTC market for digital assets and cryptocurrencies with physical delivery and bank custody. Institutional participants will trade on the platform utilising bilateral credit enabling efficient capital utilisation and control for all trading participants. This will establish a robust market for price discovery and exchange of risk. Trading is expected to commence middle of 2021.

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