29 Feb '16, 4pm

Korea's Securities Exchange Developing Blockchain Trading System

Korea's Securities Exchange Developing Blockchain Trading System

The Korea Exchange (KRX), South Korea’s lone securities exchange, is reportedly moving to create an over-the-counter (OTC) trading platform using blockchain tech. According to The Korea Times , KRX is in the early stages of developing a system for trades using code like that that underlying bitcoin and other digital currencies. An exchange representative told the publication that the platform could help its OTC traders reduce the cost of transactions. The representative told the newspaper: "Though many steps remain before the system's official launch, we expect this would help off-board dealers to trade more easily by saving their costs and efforts in seeking trade partners." The move makes KRX the latest firm to explore use of the technology to facilitate securities trades. New exchange on the blockchain Notably, KRX is just one of a number of stock exchange operators inv...

Full article: http://www.coindesk.com/korean-securities-exchange-develo...

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