Jamaica: Principal Stock Exchange partners with Canadian Fintech Firm to enable Bitcoin and Ethereum transactions

Jamaica is the latest country slated to include Bitcoin into its principal stock exchange, the Jamaican Stock Exchange, further blurring the lines between crypto and mainstream assets.

Boerse Stuttgard, Germany’s second largest stock exchange is expected to launch cryptocurrency exchange in the second quarter of 2019.

Last year, Switzerland’s SIX group, the operator of the country’s principal stock exchange, SIX Exchange, unveiled a crypto assets exchange.

Earlier in 2019, the Stock Exchange of Thailand applied for a license to launch a crypto assets exchange.

In March, Toronto’s stock exchange operator, TMX, was planning to launch a cryptocurrency brokerage platform.

The Jamaican Stock Exchange got into an agreement with Canadian fintech firm Blockstation to ‘enable live trading of digital assets and security tokens in a regulated secured environment’, according to a statement published on Global News Wire.

As per the agreement, the fintech firm will offer an end-to-end crypto trading platform for JSE’s network. A test-run was conducted prior to the agreement where the broker-dealer members of the JSE participated. The Jamaica Central Securities Depository, JSE’s subsidiary, was also part of the pilot phase.

Marlene Street Forrest, JSE’s managing director, said that the development will allow the stock exchange to ‘diversify its product offerings’. It will also allow the JSE to ‘attract new listings and inbound investment’.

This article was originally sourced from CCN.

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