More news for cryptocurrencies as Riot blockchain plans to launch the first US digital currency exchange and a futures brokerage operation. Riot blockchain started out as a medical device company and towards the end of last year, they spotted an opportunity in the blockchain industry which prompted them to change their name from Bioptix (the medical device company) to now Riot Blockchain under parent company The Castle Rock (NASDAQ: RIOT)
“We have identified a substantial market need for additional options to serve a growing customer desire to transact in digital currencies within the U.S… Logical Brokerage helps provide a platform from which to service this market” John O’Rourke, chairman and CEO of Riot Blockchain.
The company is planning to buy Logical Brokerage. Logical Brokerage is ‘a futures introducing broker’ which have their head office in Miami and also registered with the Commodity Futures Trading Commission (CFTC). Logical Brokerage is also a member of the National Futures Association(NFA).
In a statement put out by the company, Riot blockchain plans to launch the first US digital currency exchange and a futures brokerage operation.
What are your thoughts on this development? Do you think the way forward for cryptocurrencies is more institutional investors with the use of features?
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