The Jamaica Stock Exchange (JSE) is reportedly making plans directed at providing users with the opportunity to trade Bitcoin (BTC) and Ethereum (ETH). The exchange plan to achieve this with the help of a Canada-based fintech firm— Blockstation.
The JSE and Blockstation Trials
A joint announcement has been made by the two entities. According to the announcement, both firms will be working closely together to enable live trading of digital assets including security tokens in a “regulated and secured” environment.
The announcement also made it clear that the second stage of the trial is to trade bitcoin and ether. The first stage entails the JSE and Blockstation trialled live cryptocurrency trading which started in January and lasted for 60-days. The live trade trials had top ranking regulated broker-dealers, market makers and the Jamaica Central Securities Depository as participants.
At that time, it was stated that the goal of the firm is to “demonstrate the complete lifecycle of the digital asset ecosystem”.