Jamaica Stock Exchange to trial Bitcoin and Ethereum trading

The Jamaica Stock Exchange (JSE) has signed a "historic" agreement to list Bitcoin, Ethereum, and security tokens

The Jamaica Stock Exchange (JSE) will list Bitcoin and Ethereum as part of its partnership with Canadian start-up Blockstation.

Coin Rivet reported on the JSE’s partnership with the fintech firm in January, with the duo setting plans to launch a “live digital currency trading terminal”.

And now the plans look set to come to fruition with Wednesday’s announcement confirming that the JSE will list digital assets as well as security tokens.

“Blockstation has been a good partner over the past year, working closely with us and our stakeholders to ensure that their platform satisfies every requirement,” said Marlene Street Forrest, Managing Director of the JSE.

Forrest added: “This is an unprecedented opportunity for the JSE to diversify its product offerings and attract new listings and inbound investments. We welcome retail investors and companies both locally and around the globe to trade digital assets under a safe, efficient, and transparent regulatory framework.”

The Jamaica Stock Exchange was named the “world’s best performing stock market in 2018” by Bloomberg, with JSE stocks soaring 300% in the last five years.

Speaking of the upcoming digital asset trading product, Blockstation co-founder Jai Waterman said: “We are incredibly excited to reach this milestone in our partnership with the JSE, bringing digital assets including cryptocurrency and security tokens to mainstream investors.

“Digital assets are the future of capital markets, and our turn-key solution paves the way for traditional financial institutions to easily adopt this new, game-changing asset class. We look forward to being part of the evolution of finance going forward.”

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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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