Zodia Markets hesitated to enter the U.S. But that's where the institutional demand is leading the Standard Chartered-backed group.
, which aims to be an institutional crypto trading partner, is already registered by the UK’s Financial Conduct Authority and is in late stage conversations with the central bank of Ireland, which with new EU regulation means a passport to Europe.
“There's a number of firms that we would like to partner with and like to work with who have said, ‘we need you to be present in the United States,’” said Chief Executive Officer. “We have accelerated the strategy to access the U.S. markets. We're in conversations with advisers here. We're going through our registration processes in certain states where we're talking to regulators as well to look at how we could establish ourselves and respond to that client demand.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
StanChart profit swells on soaring global interest ratesChief Executive Bill Winters said he now expects income this year to grow around 10%, the top of a previously guided range.
Read more »
Draft bill suggests separating legislation on payment stablecoins and digital asset marketsA senior committee staffer involved in drafting the legislation said lawmakers had narrowed the scope of a stablecoin bill and were awaiting feedback from Democratic members.
Read more »
WTI crude oil buyers seek acceptance near $78.50 as demand hopes join cautious marketsWTI crude oil retreats to $78.60 during early Tuesday, fading a two-day recovery from the early month low, as the black gold buyers seek more clues to
Read more »
First Mover Asia: Crypto Flat as Markets Await Tech EarningsGood morning, Asia. Here's what's happening in markets: 1. Bitcoin, ether trade flat ahead of tech earnings. 2. Do Kwon is in trouble, but his lawyers have raised a reasonable point about crypto regulation. TheSamReynolds writes
Read more »
Stock markets today: US futures fall ahead of tech earningsGlobal stocks and Wall Street futures declined Tuesday as investors awaited U.S. earnings reports and an update on economic growth.
Read more »