BlockChain News

Bcause, To Launch Full-stack Cryptocurrency Ecosystem On Nasdaq

Nasdaq and Bcause, have announced that Bcause’s full-stack cryptocurrency ecosystem will operate on Nasdaq’s matching engine via the Nasdaq Financial Framework platform.

advertisementToken Agency

“We have tremendous respect for the Nasdaq brand and are honoured that we can deploy these robust, tried-and-tested platforms – customized to our unique markets – as the foundation of our technology,” said Fred Grede, CEO, Bcause. “I fully expect that our markets will attract a broad range of users, from those who are already quite active in the financial markets and familiar with Nasdaq technology, to a new breed of investors wanting to participate in the growing cryptocurrency marketplace.”

“Bcause has methodically built a unique ecosystem that gives investors, partners and market players a holistic experience in tapping the cryptocurrency market and value chain,” said Paul McKeown, SVP and Head of Marketplace Operators & New Markets, Market Technology, Nasdaq. “By leveraging the Nasdaq Financial Framework, Bcause will have the scalability and modular functionality to introduce new micro-services and expand its business offerings to meet industry demands and the evolution of the digital assets economy.”

The technology is expected to go live in 1H 2019 with the launch of the new Bcause spot cryptocurrency market. In addition, Bcause has filed with the U.S. Commodity Futures Trading Commission to become a designated contract market (DCM) and to establish a derivatives clearing organization (DCO).The full line of Bcause market offerings will soon operate on the most widely used market infrastructure technology in the world.

Once derivatives trading and clearing officially commence, Bcause will be the only venue to serve as a one-stop shop for all parts of the digital currency value chain: from the state-of-the-art digital mining facility launched in February 2018, to spot trading for digital assets, to a futures market and derivatives clearinghouse which are pending regulatory approval. The surveillance technology powered by Nasdaq is designed to ensure that surveillance protocols fit the needs of a crypto marketplace. This will help Bcause monitor its markets for manipulative activities, among other misconduct, thereby creating a safer spot and derivatives market for all participants.

Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.

Bcause LLC is building a full-stack cryptocurrency ecosystem, which will include mining facilities, as well as a spot market, a regulated derivatives exchange, regulated clearinghouse and custody operations.  Bcause has filed with the U.S. Commodity Futures Trading Commission to become a designated contract market (DCM) and to establish a derivatives clearing organization (DCO). Once regulatory approvals are in place, and trading and clearing begins in derivatives, Bcause is intended to serve as a one-stop shop for all parts of the cryptocurrency value chain.  Bcause launched in 2018, initially with its cryptocurrency mining facility in Virginia Beach, Virginia. The company is headquartered in Virginia Beach, with operations in Chicago.  For more information, visit www.bcause.com.

Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit: http://business.nasdaq.com.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur.

He sits on the advisory boards of some two dozen Blockchain startups
and has written over 1500 articles on Blockchain technology and
startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat

Ad honorem – Honorary Ph.d – Chair Professor of Blockchain at
China’s first Blockchain University in Nanchang at the Jiangxi Ahead
Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford’s Saïd Business School for Business
Automation 4.0 programme. Chevalier (Knight) – Ordre des Arts et des
Technologies at Crypto Chain University and on advisory board of Advisory Board Member of International Decentralized Association Of Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member at U.S. Blockchain Association.

Over a half a decade experience judging and rewarding some 1000+
innovation projects as an EU expert for the European Commission’s SME
Instrument programme as a startup assessor and as a startup judge for
the UK government’s Innovate UK division. Kastelein has spoken
(keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San Francisco, Santa Clara, Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich

His network is global and extensive. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe

He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.

A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein’s professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he’s travelled for nearly 30 years as a Canadian
expatriate living around the world

In his 20s, he sailed around the world on small yachts and wrote a
series of travel articles called, ‘The Hitchhiker’s Guide to the Seas’
travelling by hitching rides on yachts (1989) in major travel and
yachting publications. 

He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website

  • Bcause, To Launch Full-stack Cryptocurrency Ecosystem On Nasdaq – March 13, 2019
  • SEC – Ethereum is Not a Security – March 13, 2019
  • US Treasury Sanctions One of Russia’s Biggest Commercial Banks Over Backing of Venezuela’s Cryptocurrency, Petro – March 13, 2019
  • Fetch.AI Solves ‘Blockchain Trilemma’ with Novel Approach to Reaching Consensus – March 13, 2019
  • Boerse Stuttgart Group Cut Deal with solarisBank to Develop Crypto Trading Platform – March 12, 2019
  • ECCU Plans to Issue World’s First Blockchain-Based Central Bank Digital Currency in the Caribbean – March 12, 2019
  • Blockchain Video Company Linius Connects Prototype to Blockchain-Centric Video Player – March 12, 2019
  • Emaar, One of the World’s Largest Property Companies, Plans Loyalty and Referral Token – March 11, 2019
  • European Commission Offering 32 Blockchain Startups €200.000 Equity-Free Cash for Citizen Data Control Decentralised Solutions – March 11, 2019
  • One of World’s Largest Asset Managers ($2.46 trillion) Fidelity, Launches Bitcoin Service – March 11, 2019
  • eToro Officially Launches Crypto Trading Platform & Wallet in the U.S. – March 7, 2019
  • Smilo Platform Launches Mainnet – Decentralized, GDPR compliant, Hybrid, Multipurpose – March 7, 2019
  • New Research Released on Blockchain and EU Privacy Law Compliance – March 5, 2019
  • Token.Agency Kicks Off Blockchain, STO and Tokenomics Service in Europe and North America – February 27, 2019
  • Mercedes-Benz Cars Develops Blockchain-Prototype for Sustainable Supply Chains – February 26, 2019
  • Open Source, Enterprise-Grade Blockchain Platform Insolar Launches Testnet – February 26, 2019
  • IPC to Provide ICE Crypto Feeds to over 6000 Capital Market Participants – February 26, 2019
  • Fetch.AI raises $6m in Successful 22 Second Token Sale On Binance Launchpad – February 25, 2019
  • Next Generation Public Blockchain IOST to Launch Mainnet with 150+ Global Partner Network – February 25, 2019
  • Industry Experts Weigh in on Upcoming Ethereum Constantinople and St. Petersburg Forks – February 25, 2019

View All Articles

Related posts

Moontec Conference Kicks off in Tallinn Amid Estonia’s Push to Stimulate Blockchain Business Solutions

Jenny

Lancor Scientific Links Use of a Digital Token to Global Blockchain-based Cancer Screening Registry

Jenny

Report: The State of Stablecoins 2019 Hype vs. Reality in the Race for Stable, Global, Digital Money

Jenny