FInally, a Crypto Exchange with Real Legitimacy
The biggest flaw in the crypto movement is the exchanges. The owners of the Toronto Stock Exchange have decided to finally add legitimacy to crypto exchanges.
The TMX Group will soon launch its own exchange, according to a recent article in the Toronto Star.
TMX will partner with Paycase Financial Corp to create the Shorcan Digital Currency Network.
The new exchange will focus on Bitcoin and Ethereum.
TMX stated that the Shorcan exchange "is a significant step in the execution of the company's digital strategy as it looks to new ways to address client needs in both traditional and non-traditional markets," per the Star.
TMX has been particularly aggressive handling the crypto-craze. It recently offered a series of webinars about blockchain and cryptocurrency. That decision was based on strong consumer demand. Topics included a regulatory review, disclosure requirements and information on ICOs.
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