The Merger of Crypto and Stock Exchanges – Will Binance and MSX Set an Example for Other Exchanges?

Colleagues, the world’s largest crypto exchange according to CoinMarketCap, Binance, is teaming up with the Malta Stock Exchange (MSX) with the goal of delivering security token trading. Granted, the MSX is no match for the NYSE or NASDAQ, however, the “Blockchain Island” may serve as a bellwether for the co-existence and perhaps the integration of cryptocurrency and conventional securities trading. The Cryptocurrency Academy foresees three future scenarios. First, crypto exchanges continue to operate independently as so-called crypto “pure plays”. Second, public stock exchanges enable the trading of digital crypto assets on their platforms. The US-based NASDAQ is pursuing this trajectory. Third, is the Binance-MSX model whereby crypto and public securities exchanges seek to merge their platforms to serve both digital and traditional assets. The linchpin is whether a sovereign government considers cryptocurrencies as bona fide “securities” …, which is a topic of major debate by the US SEC and its overseas counterparts. Share your thoughts today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)