Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
Amid the rash of year-end wrap ups (we’re just as guilty - see 3rd article below), it’s worth pointing out the pace at which consolidation is hitting the crypto space. It started a few months ago with Coinbase’s acquisition of Xapo’s institutional clients, but in the last week alone we’ve seen Kraken take on Circle’s OTC desk; DV Chain (part of DV Trade) swallow up SigOne Capital, another OTC Desk; Swiss Six exchange take on Daura (tokenised securities issuer); and Gemini tying up with State Street.
Consolidation was bound to feature in this space, and sooner rather than later. What’s interesting to see is who the first movers are, and what effect that will have on 2020.
Below is our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note.
Japanese financial services giant SBI Group and German stock exchange operator Boerse Stuttgart Group have joined hands to expand their cryptocurrency-related businesses tokens without regulatory approval
SBI will invest in Boerse Stuttgart’s regulated cryptocurrency trading platform, Boerse Stuttgart Digital Exchange…and in Boerse Stuttgart’s venture arm, which conducts crypto-related businesses
Circle, the Boston-based cryptocurrency firm, has sold its once-mighty over-the-counter (OTC) trading (OTC) operation to Kraken
Founded in 2013, Circle is one of the earliest players in the digital assets field and its OTC desk was once known as one of the most profitable businesses in the market
There will be consolidation in 2020 among service providers. Regulators will use Telegram and Facebook as testbeds. Copper will continue to grow and remains bullish about the year ahead!
If 2017 was the wild west, 2018 crypto winter, and 2019 as yet undeclared, then 2020 will surely be the year of infrastructure and acceptance
BitGo unable to support
Craig Wright reveals doc claiming
to focus solely on Bitcoin
round led by Tetragon
CEO Garlinghouse claims world ‘doesn’t need
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