Crypto News Flash #226: SBI Group Is All Set To Launch Cryptocurrency Derivatives Market
Cryptocurrencies certainly provides exciting opportunities to earn a lot of money but at the same time, it also gives higher chances of loss. In short, Cryptocurrencies are the most volatile market the World have ever seen. The price manipulations as well as pump&dump regularly happens in the market and thus it has to be regulated. Although, those regulations are still due.
But some companies are also trying to capitalize the opportunities providing by crypto space. One of those companies is : SBI Group.
The Tokyo based Financial Services company, SBI Group, is all set to launch its Crypto Derivatives market. Actually, SBI Crypto Investment, a subsidiary of SBI Holdings, purchased a 12% stake in Clear Market yesterday, Clear Market is a electronic trading company. The stake worth is $9 Million.
Clear Market deals in developing trading platforms as well as marketplaces. By investing in Clear Market, SBI Crypto Investment is paving its way to the Crypto Derivative markets.
Moreover, SBI Group is betting huge on Crypto market acquiring various crypto related startups as well as decent companies having decent customer base.
Let's see when and if we can see the Crypto Derivatives Market by SBI Group in near future.
Thanks for reading ...!
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