Despite the bear market, some cryptocurrency exchanges continue
efforts to expand their offerings. Last week, a filing to list a
bitcoin exchange-traded fund (ETF) was resubmitted to the SEC by
SolidX, another financial services firm, and the largest U.S.
options exchange. There are a number of competing proposals, but if
approved, this would be the first bitcoin ETF in the U.S. Early
this week, Kraken announced its nine-figure acquisition of Crypto
Facilities, a futures trading startup registered with the U.K.
Financial Conduct Authority (FCA). By purchasing an entity with a
current license, Kraken does not have to repeat the years-long
process of obtaining regulatory approval from the FCA. In addition,
Reuters reported that Swiss exchange SIX expects to launch
a new digital trading platform that uses blockchain technology.
Instead of taking several days, the alternative bourse can complete
a trade in fractions of a second. Regulatory issues are still being
worked out
