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Coinbase launches a transfer system for SWIFT, Bitcoin turnover increased 4 times in 2018. IBM and Securitize are developing a platform for issuing debt receipts./p>
Coinbase cryptocurrency exchange expands the range of services for institutional investors. Now it is ready to offer them cross-border transfers to Asia, the UK and the EU. It begins to support payments through the SWIFT system.
In addition, it opens a branch of over-the-counter trading, which will stabilize the rates of cryptocurrency. If the operation between large counterparties takes place outside the exchange floor, it does not have a significant effect on the quotes. In addition to this, the company has its own custodial service Coinbase Prime. Coinbase Exchange is not a member of the trade; they provide only intermediary services. Its focus on institutional investors suggests that they are confident in the relevance of such services.
Some new sirvices from coinbase
In the social network Twitter has appeared a study on the turnover of Bitcoin in previous years. The information suggests that the total volume of operations exceeded $ 2.2 trillion. This is almost 300% more than in 2017, when the coins were sold for $ 858 billion. At the same time, the turnover of the entire network exceeded $ 3.2 trillion, including non-commercial operations.
Earlier, a study of the BitInfoCharts resource reported a 50 percent increase in the number of transactions in the network. From this you can make an interesting conclusion. Despite the bearish trend, buyers and sellers are becoming more active in the market. Probably, even in such a situation, they find ways to generate income.
IBM and the Securitize startup are starting work on creating a new blockchain platform. It will be able to control the issuance of IOUs in the corporate space. It is expected that the new product, thanks to the use of modern technology, will be able to completely change the corporate debt receipts market.
Now securities totaling $ 82 trillion are in circulation on it. And because of the imperfection of technology, it is inefficient. If it is possible to introduce control of the blockchain into it, the companies will significantly reduce the size of transaction costs and will receive additional security guarantees.