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.”
