Canada to Open First-Ever Public Cryptocurrency Brokerage Desk

  • Darryn Pollock
    📰 News

    Canadian financial services company TMX has announced the first ever public cryptocurrency brokerage desk by a major exchange


Canada to Open First-Ever Public Cryptocurrency Brokerage Desk

TMX Group, a Canadian financial services company has announced that it will be opening the first ever public cryptocurrency brokerage desk by a major exchange. The company operates market exchanges including the Toronto Stock Exchange and Paycase Financial.

The focus will be primarily on Ethereum and Bitcoin and will be available in the second quarter of this year.

“We are thrilled about this partnership between Paycase Financial and the TMX. As the first ever public crypto brokerage desk by an exchange, this deal represents the true institutionalization of cryptocurrencies as an asset class,” Paycase Financial CEO Joseph Weinberg explained.

“This deal is significant in a number of ways. Firstly, it signifies what a flourishing startup community and a set of large institutions can do when they collaborate and work together to build the financial world of the future.”

Cover image via u.today
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About the author

Darryn Pollock is an award winning  journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach.  He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.

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