Japanese banking Giant “Strategic Business Innovator Group” (SBI), is one of Japan’s leading venture capital firms, which is following the mission to become a leader in the creation and cultivation of key industries for the 21st century. After launching its in-house public version of the crypto trading platform, VCTRADE, last month July 17, SBI holding has leveled up its initiative in expanding its crypto commercial segment by obtaining a 12% stake in Clear Markets in an effort to create a cryptocurrency derivatives trading platform tailored for institutional investors. SBI’s financial results reported in the current week.
In the U.S., U.K., and Japan Clear Market offers over-the-counter derivatives electronic trading services which are based out in the U.S. as an electronic trading platform developer and operator. The platform will purportedly allow financial institutions to trade more smoothly on the crypto derivatives market.
SBI Group is optimistic in the platform as it is likely an increase in the liquidity level due to the augmented use of cryptocurrencies and its derivatives.
The report further mentioned:
“Clear Markets will provide hedging for cryptocurrency swap transaction services which is necessary for the handling of cryptocurrencies and financial instruments that use cryptocurrencies.”
The actual the figures of the stake yet not revealed, according to Nikkei Asian Review, it is likely worth around $9 million and the company is rumored to be acquiring over by 20% in the near future. Over the past year, SBI has seen to be financed more than 20 crypto crypto-related projects.
Clear Markets chief executive Mark Brickell, stated “as much as 50 percent of cash trading in cryptocurrency,” has materialized in Japan and is one of the foremost countries in terms of cryptocurrency adoption and its espousal.
Japan in its attempt of adopting crypto assets also looks after the investors of small assets and prevent them from suffering heavy losses due to the volatile market scenario. In an attempt of aiding the investors of the small portion the Japan Virtual Currency Exchange Association (JVCEA) broadcasted it will require its member exchanges to place limits on the trading activity of some clients for their security.
Clear Markets is laying another groundwork to blast-off another crypto swap trading service that will control a swap execution facility (SEF) license from the U.S. Commodity Futures Trading Commission (CFTC) and derivatives brokerage in the U.K. including 32 countries from Europe.