Voyager Launches Brokerage Division For Institutional Accounts

The cryptocurrency trading platform created by Uber’s first CTO and a former E*Trade executive, Voyager has launched a brokerage division that will cater to institutional investors.

Dubbed 'Voyager Institutional' it aims to become the best-in-class cryptocurrency trading solutions for hedge funds, buy-side firms, and market makers.

According to CEO of Voyager, Stephen Ehrlich, it has been part of the firms long-term strategic roadmap to include institutional community in their product offerings.

The platform is said to be slated to be released by the end of the year. The new division will be led by Glenn Barber as its chief institutional officer.

Voyager is also launching zero-fee cryptocurrency trading platform build for retail investor which seeks to disrupt retail trading platform like Robinhood and Coinbase.

Increasing OTC Trading In Russia

Over-the-counter (OTC) trading has seen an increasing demand in investments in Bitcoin and other cryptocurrency assets.

As it stands cryptocurrency investments are not illegal, Russia considers cryptocurrencies as properties and the capital being invested comes from legitimate source.

However an operation of exchange in the country is still uncertain due to the lack of regulatory frameworks and policies.

There were three legislations drafted around cryptocurrencies and crypto-related businesses that pertains to the legality of exchange operators and cryptocurrency trading but these bills were postponed to the end of 2018.

Until then the market will not see the emergence of regulated cryptocurrency exchanges.

Morgan Stanley Ventures Into Crypto Trading

According to a source who has knowledge of the matter, Morgan Stanley plans to offer its clients derivatives tied to crypto.

The bank apparently already have the infrastructure required for the trading and only awaits confirmation of sufficient institutional demand.

With its current move Morgan Stanley will join the growing Wall Street institutions that are making their presence felt in the nascent industry.

However it must be noted that the firm will not offer Bitcoin trading directly but will offer swaps tied to Bitcoin futures contracts.

It was also revealed that the bank hired Andrew Peel in June to head its digital assets markets department who worked at Swiss investment bank Credit Suisse Group AG.

Mike Novogratz Calls Crypto Price Bottom

The founder and CEO of crypto Investment firm Galaxy Digital Capital Management have called crypto bottom in a tweet on September 13, 2018.

He pointed out the Bloomberg Galaxy Crypto Index retouched the highs of late last year and the point of acceleration the led to the massive rally/bubble.

Last July in South Korea, Novogratz predicted that institutions will enter the cryptocurrency industry in the next 2-3 years and mass adoption of crypto and blockchain will come at a much later time in no less than 5 years.

One of the main reasons he reveals is the increasing cost of technical talent as one of the main reasons for this delay.

College Launches First Blockchain Course In Toronto Canada

According to a local news outlet, the first ever Canadian blockchain technology-focused course will commence this fall.

George Brown College will see its students attend a three-semester blockchain Development Program.

The program was created in response to industry’s demand for highly skilled blockchain specialist that were seen sorely lacking.

Albert Danison, Chair of the School of Computer Technology observed that many corporate giants has shown great interest towards distributed ledger technology (DLT) and many DLT companies having millions worth of projects waiting to launch because they don’t have people with the right skills.

The initiative has gathered significant backing from the blockchain industry like Consensys and ChainSafe Systems which has provided inputs in developing the curriculum.

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