The Jamaica Stock Exchange(JSE) recently announced that it would soon allow their client to trade cryptocurrency. JSE partnered with the Canadian based Blockstation to help them with the crypto trading service. The company says that Blockstation’s network is well fitted for regulating digital currency trades, and the clearing and settlement of blockchain tokens.
“We are very comfortable moving forward based on the training and support provided by Blockstation, and because their trading platform incorporates familiar compliance rules to ensure a fair marketplace.”
If things go as plan JSE will be the first international stock exchanges that allow their client to trade cryptocurrency. The co-founder and chief enterprise architect Jai Waterman said they were working with JSE for approximately six months to create the proper version of their platform that will suit the exchange.
“Our mission is to provide … a secure method of trading cryptocurrencies with broker-dealers and stock exchanges,” Waterman said. “We’re providing the stock exchange the technology for a broker-dealer network and repository, so that from end-to-end, their life cycle of trading – just like with securities – they can do the exact same thing with blockchain and cryptocurrencies.”
JSE managing director Marlene Street Forrest said beside allowing their clients to trade cryptocurrency they will be researching further on how their exchange can benefit from blockchain technology and possibly create there on cryptocurrency.