Compartir este artículo
TSX Group Subsidiary to Launch Cryptocurrency Brokerage
The TMX Group announced Shorcan Digital Currency, a brokerage exclusively for cryptocurrencies on Thursday.
Por Nikhilesh De
A wholly-owned subsidiary of Canada-based stock exchange operator TMX Group is launching a cryptocurrency brokerage.
TMX said Thursday that the subsidiary, Shorcan Digital Currency Network, had partnered with Paycase Financial on the initiative, which would focus on bitcoin and ether at launch, which is slated for the second quarter of 2018.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
Paycase chief executive Joseph Weinberg called the brokerage "the first ever public crypto brokerage desk by an exchange," saying the new partnership "represents the true institutionalization of cryptocurrencies as an asset class."
He went on to say:
"Paycase’s partnership with the TMX solved a major problem in the blockchain ecosystem. With this partnership, we have built the first major bridge between the crypto world and the traditional financial markets."
In additional statements, a representative for TMX Group framed the move as one aimed at providing new kinds of services to its client base, and is undoubtedly directly at tapping some of the demand for cryptocurrency buys within the Canadian market.
As new technologies continue to reshape the global financial industry, we continue to explore new ways to evolve our business to address client needs in both traditional and non-traditional markets," John Lee, managing director of enterprise innovation and product development, said of the pending launch.
Image Credit: JorhomGraphic / Shutterstock.com
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Proposed ‘AfterDark’ Bitcoin ETF Would Skip U.S. Trading Hours
The fund would hold bitcoin only overnight, betting on data showing bitcon gains mostly occur outside regular market hours.
What to know:
- Nicholas Financial has filed with the SEC to launch a bitcoin ETF that holds BTC only during overnight hours.
- The “AfterDark” ETF buys bitcoin after U.S. stocks close for the day and then sells bitcoin and shifts into Treasuries during the American session.
- Data shows bitcoin tending to perform better when traditional U.S. markets are closed.
Top Stories
