Market Analysis Report (07 Sep 2021)

Bitfinex has launched a new trading platform called Bitfinex Securities, allowing small and medium-sized businesses to list their tokenized equities, bonds, funds and even raise capital! CTO Paolo Ardoino said: “We are basically trying to eat the lunch of London Stock Exchange and other traditional stock exchanges.”

Bitfinex’s offering differs from similar offerings by other cryptocurrency exchanges, such as FTX and Bittrex Global, as both of these list tokens of stocks that are already public. Bitfinex’s platform, on the other hand, will list equities, bonds and funds of private companies looking to go public. 

Tim Aron, head of compliance at Bitfinex Securities, said. “We will operate in a very controlled environment,” said Aron. “We have to limit the amount of capital raises at $15 million and the maximum number of customers at 1,000.”

Source: https://www.cryptocompare.com/email-updates/daily/2021/sep/07/