TMX Group And Paycase Financial Announce First Cryptocurrency Brokerage By A Major Exchange

TMX Group to Launch Cryptocurrency Brokerage

Cryptocurrency investors rejoice! TMX Group, the operator of Canada's leading stock exchange, has announced that its wholly-owned subsidiary, Shorcan Digital Currency Network, will partner with a specialist in decentralized financial services, Paycase Financial, to launch a cryptocurrency brokerage service. The partnering will use BMO Financial Group's payment and settlement infrastructure and Paycase's cryptocurrency aggregation platform to provide clients with "liquid, efficient and reliable brokerage services". The news is perhaps another example that cryptocurrencies are here to stay.

Initial Focus will be on Bitcoin and Ether

The brokerage, named "Shorcan Digital Currency Network", will initially focus on trading of Bitcoin and Ether, and is anticipated to launch in the second quarter of 2018. While TMX Group has not released further statements detailing how the brokerage will function, the brokerage intends to