Prime brokers provide services to hedge funds and other active trading firms but Boonan said that partly because of the lack of access to funds, some typical prime brokerage services like clearing and financing were under-developed in the cryptocurrency industry. … [Read more...] about CORRECTED-Japan’s SBI to buy minority stake in UK crypto market maker B2C2
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They also announced a partnership between B2C2 and SBI Financial Services, the latest example of more institutionally-focused crypto-currency players tying up with incumbent institutions to offer additional services to meet their clients’ more complex needs. … [Read more...] about REFILE-CORRECTED-Japan’s SBI to buy minority stake in UK crypto market maker B2C2
However, he added, “We don’t want to limit ourselves to crypto. Crypto is the thing we do because that was how we started,… we’re keeping our eyes on the prize which is that the [prime brokerage] market is a 20 billion annual revenue market,” he said. … [Read more...] about Japan’s SBI to buy minority stake in UK crypto market maker B2C2
This week, finance minister Rishi Sunak unveiled another £30 billion ($37.8 billion) coronavirus stimulus package aimed at stemming a growing jobs crisis. The Institute for Fiscal Studies, an economic think tank, predicted that the latest measures would likely push this year's deficit further north of £300 billion ($378 billion), which it said would be "easily" the highest as a share of national income since World War II. … [Read more...] about Could the United Kingdom become an emerging market?
LONDON, June 29 (Reuters) - World shares hit two-week lows and oil fell nearly 2% on Monday as the relentless spread of the coronavirus curbed optimism on the global economy, prompting investors to take shelter in safe-haven bonds and gold. … [Read more...] about GLOBAL MARKETS-Stocks hit two-week lows, oil slides on virus surge