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Huobi HK Starts Services
Huobi HK, the Hong Kong-based subsidiary of the global crypto exchange, is now offering spot cryptocurrency trading services to retail and institutional clients. The exchange already applied for a virtual asset exchange license in the jurisdiction on May 29.
“As a pioneer of a virtual asset trading platform in Hong Kong, Huobi HK has officially submitted an application notice to the Hong Kong Securities Regulatory Commission on May 29, and we look forward to obtaining a virtual asset exchange license,” a tweet of the exchange noted.
“In the next six months, Huobi HK will work with independent auditors, focusing on the security, anti-money laundering, and compliance of the platform to meet the requirements of the Hong Kong Securities Regulatory Commission and ensure the operation of the platform.”
#Huobi HK 现已开始向专业和零售客户提供现货和托管服务。作为一家香港虚拟资产交易平台的先驱，Huobi HK 已于 5 月 29 日正式向香港证监会提交了申请通知书，我们期待能够获得虚拟资产交易所牌照。
— 火币Huobi中文频道 (@HuobiGlobalzh) May 29, 2023
在未来六个月内，Huobi HK… pic.twitter.com/qkYSqKbLBH
Huobi is one of the many crypto exchanges that are in line to obtain a crypto license in Hong Kong.
Colt Expands US Infrastructure
Colt Technology Services has expanded its US capabilities with the connection of a new data center and subsea Cable Landing Station (CLS), NJFX, in New Jersey to its Colt IQ Network. The expansion came as a part of the company’s continued investment in North American infrastructure.
“On both sides of the Atlantic and across the world, businesses must balance constant threats to security with the need to accelerate digital transformation at pace. It’s why there’s never been greater demand for secure, resilient, powerful digital infrastructure connecting the US and Europe,” Keri Gilder, CEO at Colt Technology Services.
“This latest expansion demonstrates our firm commitment to be the digital infrastructure company.”
CFTC Approves Eurex’s FTSE Bitcoin Index Futures
The Commodities Futures Trading Commission (CFTC), the regulator of the US commodities market, approved the Eurex FTSE Bitcoin Index Futures, the trading of which started on May 29.
Eurex is the first exchange in Europe to offer bitcoin index futures, and now it is expanding its product to the American market. Trading of the instrument started on April 17 outside the US. The futures contracts trade in EUR and USD with a multiplier equivalent to one bitcoin and cash settlement.
“The approval of the first exchange-traded Bitcoin future in Europe by the CFTC, making it accessible to the US market, represents another significant step towards increasing the accessibility of cryptocurrencies among institutional investors,” said Michael Lie, Head of Digital Asset Trading at Flow Traders.
“Flow Traders remains committed to the development of the digital asset space and belief if will continue to play an important role in the global financial industry.”
Murex Extends Connectivity to LSEG
Murex, a capital markets technology provider, is enhancing its connectivity with the integration of the MX.3 platform with the London Stock Exchange Group’s Real-Time Optimized solution, which provides access to real-time market data via the cloud.
With the latest connectivity, Murex clients can access real-time market data in the MX.3 platform. They can also choose between three possible deployment models offered by LSEG - Real-Time – Optimized, Real-Time Managed Distribution Service, and Real-Time Distribution System.
“The ability to install MX.3 and plug it easily and quickly with the Real-Time – Optimized feed on the cloud enables clients to reallocate their resources in tasks that create added value and differentiation,” said Alexandre Belingard, head of market data connectivity at Murex.
Crypto Exchange TrigonX to Relaunch
TrigonX, an Australian cryptocurrency exchange that appointed administrators on December 16, is going to relaunch services as a deed of company arrangement was approved by creditors.
“A liquidation would have been likely to tie up funds held in the administrator’s control for many years. This would have resulted in the substantial depletion of funds available to be distributed for the benefit of creditors,” said Matteo Salerno, a Director of the exchange.
The exchange collapsed last December with a debt of more than $50 million. It was one of the many crypto platforms whose potential demise was triggered by the FTX collapse, which legal firm Kroll confirmed.
🚀 TrigonX, the new Aussie crypto exchange rising from FTX's ashes! 🌟 With top-notch security and a user-friendly interface, it's quickly becoming every trader's top choice. Are you already on board? 💰 #cryptocurrency#trading
— Moonner (@Moonner_Crypto) May 30, 2023