SBI Group Develops a Platform for Trading Crypto Derivatives
August 3, 2018
One of the leaders of the Japanese banking sector SBI Holdings has reportedly invested 1 billion yen ($9 million) in a project for the development of a cryptocurrency trading platform for institutional investors.
According to local reports, an SBI subdivision called SBI Crypto Investment, the goal of which is investing in the crypto industry, has acquired a 12% stake in the US company Clear Markets and will probably extend its share to 20% soon.
It is reported, that the decision of SBI is a part of the agreement between companies to jointly develop a trading platform for institutional investors, that would allow customers to trade cryptocurrency futures, options, and swaps.
Details of the deal are undisclosed, but it is believed that the sum is 1 billion yen.
Clear Markets is subsidiary of QUICK Corp., a company that belongs to Nikkei Inc. It develops solutions for online trading of derivatives in the US, Japan, and the UK.
Earlier this year, SBI has