One of the largest investment companies in the world Susquehanna International Group (SIG) will offer its customers the opportunity to participate in the cryptocurrency trading.
Company of Pennsylvania, which employs about 1,800 people worldwide, is a recognized player in the market trade stocks, options, ETFs and other investment assets.
As it turned out, Susquehanna without much publicity about two years ago took OTC cryptocurrency trading, and now bitcoin trading division employs about 10 workers.
The firm now plans to offer participation in the cryptocurrency trade group of 500 of its customers with an intention in the future to expand these services.
“We believe that this technology and this asset class will change some aspects of financial services. And we think that they came forever,” — said the head of the group of digital assets SIG Bart smit (Bart Smith).
He said the company is now considering bitcoin as a store of value, although I admit that BTC or any of its competitors may become the single currency of the Internet, as predicted by Jack Dorsey (Jack Dorsey).
Susquehanna will offer futures trading for bitcoin, as well as provide the opportunity to actually buy and sell BTC and some other large cryptocurrencies. Since the company registered with the SEC as a broker, she has the ability to help customers to trade digital currencies, classified by the regulator as securities.
The decision of the SIG was one evidence of the growing interest of institutional investors to the crypto-currencies as a new asset class. At the end of last year, two giant stock — Cboe and CME has launched on their sites trade bitcoin futures. The operator of the new York stock exchange (NYSE) does not deny the possibility of launching cryptocurrency derivatives on its platform. The head of Nasdaq adena Friedman (Adena Friedman) said that in the future, the exchange may become the cryptocurrency.
We will remind, earlier it was reported that investment Bank Goldman Sachs suggested its clients trade bitcoin non-deliverable-futures and plans to start trading cryptocurrencies.