So I am
doing digital assets trading.
Not exact matches
In
doing so, the nearly six - year - old company may help address whether certain
digital assets are securities and find a way to legally
trade those products.
The Monetary Authority of Singapore, which is the country's central bank, has no plans to ban cryptocurrency
trading at the moment, though MAS
does intend to eventually regulate
digital asset exchanges and other entities to ensure AML / CFT compliance.
By contrast, Danske Bank A / S, the biggest financial group based in Denmark,
does not allow its clients to
trade digital assets.
On a large scale, these companies are pursuing what many people have been
doing with computers in their basements for years: mining for a
digital asset that is now
trading at around 13 times the price of an ounce of gold.
It doesn't mean that Coinbase will be adding more coins to be
traded on its
digital asset exchange GDAX, at least not yet.
That said, Soros doesn't have to be bullish on bitcoin to
trade the
digital asset class.
Though not publicly
traded, if you would like to dabble in
digital assets but don't know which projects to invest in, Blockchain Capital offers an interesting way to play this space.
Currently, Poloniex,
does not have fiat
trading pairs, which means the only way for a user to cash out into the fiat world is to move
digital assets to an exchange like Coinbase, which links directly to a user's bank account.
The company indicated that the Trusts
do not currently operate a redemption program: there can be no assurance that the value of the shares will approximate the value of the respective
digital asset held by each Trust and the shares may
trade at a substantial premium over, or discount to, the value of the
digital assets held by each Trust, if
traded on any secondary market in the future.
Moreover, the regulatory body
does not oversee «standards or the
digital assets that the platforms select,... the
trading protocols used by these platforms, which determine how orders interact and execute, and access to a platform's
trading services may not be the same for all users.»