Bitfinex launches new regulated investment exchange

Bitfinex Securities Ltd. now offers a new regulated investment exchange for a wider range of financial products.

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this week, Bitfinex Securities Ltd. announced its newest financial offering, a regulated investment exchange. The financial group provides blockchain-based investment products, including the widely known Bitfinex cryptocurrency exchange

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Their new regulated investment exchange aims to create accessibility to a range of financial products. The move creates a bridge between strictly cryptocurrency-based trading and more traditional spaces. Ultimately, the development allows members the opportunity to diversify their portfolio

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According to the announcement, the new product is a step toward greater access to “innovative financial products,” including blockchain-based stocks and bonds, as well as mutual funds. The new platform makes it easier for small and medium-sized companies to “go public” to list their tokenized stocks or bonds and raise capital.

At the same time, the new platform is open to individuals trading and investing in tokenized securities. In addition, the platform is preparing an approach to trading that will

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Implement state-of-the-art technology to reduce costs, increase efficiency and optimize the success rate of capital raising.

Bitfinex: a new leaf in Kazakhstan

The

new exchange is based in Astana, Kazakhstan and is regulated by the Astana International Financial Centre (AIFC) Authority. Kazakhstan has been in the cryptocurrency news recently due to the number of miners flooding the country

. This comes in the wake of major cryptocurrency regulatory issues in the neighboring country, China.

However, the exchange will operate under strict conditions, according to Tim Aron, head of compliance at Bitfinex Securities.

We need to cap the amount of capital raising at $15 million and the maximum number of customers at 1,000.
– He said in an interview.

Traders will go through a know-your-customer (KYC) on the new exchange and a verification process. Just as the cryptocurrency trading platform is inaccessible to U.S. traders, so is this new investment exchange. Other unavailable trading locations include Canada, Switzerland, Venezuela, Austria and Italy.

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