Some information about us
Bitcoin and Ethereum indices on the Nasdaq, Samsung cryptocurrency. National depositories have shown interest in cryptocurrencies.
The global GID service from the Nasdaq exchange has received two new assets. They are BLX and ELX. These financial instruments are tied to bitcoin and ethereum rates. In total, more than 4,000 financial assets are broadcast on the site in real time. It is expected that soon there will be another cryptocurrency - Ripple.
In mid-February 2018, Nasdaq announced their intention to expand the range of financial assets through cryptocurrency with high liquidity. This is due to the need to provide the market with an understandable and transparent pricing scheme. Until now, financial institutions have not come to a single mechanism for obtaining quotes for cryptocurrency. This leads to problems in the work of trading platforms.
Why there is a need for repositories and stock indexes
It became known that the flagship of Samsung, the Galaxy S10 mobile phone, will have support for four cryptocurrencies. The first two are bitcoin and ethereum, which is quite logical. However, two other coins caused confusion among experts.
Enjin Coin, a Korean ethereum-based product, received a place in the wallet. It was originally intended for use in computer and mobile games. Cosmo Coin support looks no less strange. Some reviews call COSM Korean Shitcoin. You can earn it by writing reviews on specialized sites dedicated to fashion, beauty and cosmetics. It is not yet clear whether this set for a cryptocurrency wallet will be supported in the global version of the phone.
The CSD Central Securities Depositories Group is exploring the issue of launching mechanisms for storing digital financial assets. While the project is at the initial stage of development, however, there are already the first results.
In total, CSD includes 30 countries in Europe and Asia. It brings together national organizations that hold financial assets. Here they recognize that the cryptocurrency market has a number of features. So, the keys to users' wallets in the event of their loss will simply be impossible to recover. Therefore, the association plans to develop uniform standards, and create a compensation fund in case of force majeure.