Japanese SBI Holdings acquired a 12% stake in the company Clear Markets within expanding their cryptocurrency businesses. The company announced on the official website on Tuesday.
Clear Markets is a US company, which specializiruetsya on the development of electronic trading platforms and offers services for OTC derivatives trading in the Americas, the UK and Japan. The company is tied to QUICK Corp., daughter Nikkei Inc. Acquisition of SBI stock Clear Markets — financial giant step in creating the platform for trading cryptocurrency derivatives which completely would meet the needs of institutional investors. Task Clear Markets is to provide security guarantees when conducting crypto-currency swaps. SBI Group believes that the use of digital currencies and crypto-currency derivatives will increase their level of liquidity.
While the value of one share Clear Markets was not disclosed to the General public, but the newspaper Nikkei Asian Review suggests that it may oscillate in the neighborhood of $9 million Also known that in the future the Japanese company plans to buy back shares, and their total percentage will be 20%.
It should be noted that Clear Markets is going to launch a cryptocurrency platform for trading swaps already having the special license SEF (swap execution facility) from the Commission on trade commodity futures U.S. (CFTC) and brokers dealing in derivatives, from UK and 32 European countries.
SBI actively invests in cryptocurrency projects. Over the past year the company has invested in 20 startups, and in early June announced the launch of its own cryptocurrency exchanges VCTRADE with support for Ripple XRP. From 17 July, the public version of the marketplace.
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