TrueEX enters Bitcoin and Ether markets

Bitcoin Adobe Stock 2
By Costas Mourselas
12 Mar 2018

Interest rate swap trading venue TrueEx is planning a marketplace for digital assets by the end of the second quarter, subject to regulatory review, while also building reference rates for the two largest cryptocurrencies.

The initiative comes under a new "trueDigital" brand that will be part of the trueEX swap execution facility. The offering's bitcoin non-deliverable forward contracts will be aimed squarely at institutional investors.

The company has also revealed that it will launch two benchmark rates referencing bitcoin and ether. The ether ...

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