ATOM Group Tabs the London Stock Exchange to Power New AAX Exchange Platform

On Tuesday, the ATOM Group announced that it has selected London Stock Exchange Group (LSEG) Technology to power the new Hong Kong-based cryptocurrency exchange platform AAX.

An established provider servicing notable exchanges in the region, including the Hong Kong Stock Exchange (HKEX) and the Singapore Exchange (SGX), the LSEG will help ATOM create the first institutional-grade crypto exchange through use of its trademarked Millennium Exchange engine matching product.

This is a critical step in the regulatory roadmap of cryptocurrencies. The LSEG’s platform is built for regulated trading, and will give investors a relatively safe investment environment versus competing platforms that face ongoing exchange hacks and digital asset market manipulation. Furthermore, LSEG’s platform is highly scalable and fully compliant.

Regarding the need for greater investor protection in the digital asset space, Peter Lin, CEO of ATOM Group, said:

"AAX will leverage LSEG Technology’s platform and expertise to deliver a world-class exchange that provides fair, trusted and secure digital asset trading for all."

Alluding to the notion of institutions ramping up investments in digital assets this year, Lin added:

"...we predict the digital asset class is primed for entry by institutional and mainstream investors in 2019.”  

With the recent push for greater regulation in the cryptocurrency markets, this announcement could mark an important milestone leading to incremental institutional investment in 2019.


Posted on:

Wednesday, January 23, 2019

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Cryptocurrency News

category.

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