{"id":304617,"date":"2021-07-21T18:30:00","date_gmt":"2021-07-21T15:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/multi-asset-exchange-wins-crypto-trading-license-in-bermuda\/"},"modified":"2021-07-21T18:30:00","modified_gmt":"2021-07-21T15:30:00","slug":"multi-asset-exchange-wins-crypto-trading-license-in-bermuda","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/multi-asset-exchange-wins-crypto-trading-license-in-bermuda\/","title":{"rendered":"# Multi-asset exchange wins crypto trading license in Bermuda"},"content":{"rendered":"<p>&#8220;<strong># Multi-asset exchange wins crypto trading license in Bermuda <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZmMwMzMzNzEtZGMxMy00ZWQ0LTlkOTAtNTdkY2U0YzAzYTIzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>A multi-asset class trading firm in Bermuda has secured major regulatory <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval allowing it to offer cryptocurrency trading services.<\/p>\n<p>Over-the-counter trading platform 24 Exchange has acquired a \u201cClass T\u201d digital asset business licence from the Bermuda Monetary Authority (BMA) to roll out cryptocurrency trading on its institutional-grade platform. The firm officially <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/24-exchange-receives-cryptocurrency-daba-trading-license-from-bermuda-monetary-authority-301337017.html\">announced<\/a> Tuesday that the new license was granted under the Bermuda Digital Asset Business Act 2018.<\/p>\n<p>With the newly received license, 24 Exchange is planning to launch physical crypto trading to its institutional clients later this summer. Specializing in foreign exchange non-deliverable forwards (NDFs), or two-party cash-settled derivatives contracts, 24 Exchange also expects to introduce a trading capability with NDFs in Bitcoin (BTC) and Ether (ETH).<\/p>\n<p>In order to secure the license, 24 Exchange has been working closely with the Bermuda Government\u2019s Office of FinTech, the Bermuda Business Development Agency, as well as Bermuda Premier David Burt. The Premier reportedly highlighted that the latest regulatory approval is the \u201cfirst license of its kind to be issued in Bermuda,\u201d and that the state is looking forward to \u201chaving these innovative digital pioneers blazing new trails\u201d in the country.<\/p>\n<p>Founded in 2019, 24 Exchange is focused on providing institutional investors with diverse asset exposures 24 hours a day and at the lowest possible cost. The company intends to expand its platform\u2019s capability in the future to include all possible assets.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bermuda Premier: Cryptocurrency a great equalizer against big tech<\/em><\/strong><\/p>\n<p>\u201cWe intend to expand our platform&#8217;s trading capability in the future to encompass all the other assets on our exchange \u2013 all at best available rates. 24 Exchange&#8217;s unique NDF offering will significantly facilitate the institutional adoption of crypto products across the globe,\u201d 24 Exchange CEO and founder Dmitri Galinov said.<\/p>\n<p>As previously reported by Cointelegraph, Bermuda has emerged as a crypto-friendly jurisdiction in recent years, welcoming operations of multiple global crypto businesses in the country. Last October, BMA granted a \u201cClass F\u201d digital asset business licence to crypto exchange Bittrex Global, allowing it to offer crypto services like futures trading. Bermuda is also reportedly the first government over the world to accept Circle\u2019s stablecoin USD Coin (USDC) for tax payments.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/multi-asset-exchange-wins-crypto-trading-license-in-bermuda\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Multi-asset exchange wins crypto trading license in Bermuda &#8221; A multi-asset class trading firm in Bermuda has secured major regulatory approval allowing it to offer cryptocurrency trading services. Over-the-counter trading platform 24 Exchange has acquired a \u201cClass T\u201d digital asset business licence from the Bermuda Monetary Authority (BMA) to roll out cryptocurrency trading on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":304618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZmMwMzMzNzEtZGMxMy00ZWQ0LTlkOTAtNTdkY2U0YzAzYTIzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,74860,75012,88001,55229,70934],"class_list":["post-304617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-derivatives","tag-bermuda","tag-law","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/304617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=304617"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/304617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/304618"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=304617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=304617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=304617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}