American blockchain startup Bcause LLC has received from the Nasdaq stock market permission to use its technology Nasdaq Financial Framework for the launch of the new platform for spot trading cryptocurrencies. As reported, the startup expects that the Commission commodity futures U.S. (CFTC) approval to operate in the futures market and is preparing to launch the platform in the first half of this year, and create a Clearinghouse for derivatives.
According to senior Vice President of Nasdaq Maccione Paul (Paul McKeown), the technology will provide created the unique ecosystem of the company the opportunity to use “modular and scalable functionality for the introduction of new microservices and expansion of the business proposals that will meet the requirements of industry and the evolution of the economy of digital assets”. Bcause will be able to track the manipulation of the market and other suspicious activity, developing a safe market spot and derivative trading.
Recall that, as of the end of January this year, the test of admission to the use of technologies Nasdaq were seven other cryptocurrency exchanges. And at the end of February in the global data service is the Nasdaq Global Index Data ServiceSM (GIDS) – there are indices for bitcoin and Ethereum.
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