While a number of crypto exchanges offer access to U.S. stocks, most limit that offering to a few dozens to a few hundred equities and ETFs. Today Binance is upping the ante, offering access to some 7,000 U.S. stocks and ETFs through its trading platform. Binance also announced that it will soon launch bStocks, tokenized securities representing selected U.S. stocks and equities. Both launches are part of the largest cryptocurrency exchange by volume’s goal of turning itself into a financial super-app that acts as a one-stop shop for all investing needs. “We have set out to reach the next 3 billion users, and to do that, we need to make…
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CBOE files to list VanEck’s proposed Bitcoin ETF
Financial giant State Street will be the ETF’s fund administrator; Canada’s Evolve proposes Ether ETF
The Chicago Board Options Exchange, better known as CBOE, has filed to list the yet-to-be-approved VanEck Bitcoin exchange-traded fund.
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SEC Chair Jay Clayton says Bitcoin ETFs are making progress
The way Clayton described his agency’s concerns during a CNBC interview may be more telling than what he said
Securities and Exchange Commission Chairman Jay Clayton said that agency is closer to approving a cryptocurrency ETF that would let retail investors invest in bitcoin through mainstream brokerage accounts.
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SEC Commissioner Hester Peirce speaking at New York University, March 26, 2019 (photo by Lawrence Lewitinn for Modern Consensus).Crypto Mom says SEC takes nanny state approach
SEC Commissioner Hester Peirce thinks regulatory overreach is hindering cryptocurrency innovation
Hester Peirce doesn’t want the government to protect you from dumb cryptocurrency investments. Speaking at a taping of Laura Shin’s Unchained podcast at NYU’s Stern School of Business on March 26, the Securities and Exchange Commission’s “Crypto Mom”—a nickname she picked up after dissenting from the commission’s June 2018 decision not to approve a cryptocurrency exchange traded fund (ETF)—expressed a belief that her agency should be focused on protecting securities investors from fraud, not hindering speculation.
