Trading firms Citadel Securities and Virtu Financial Inc are partnering with a cryptocurrency trading “eco-system” that will enable store-bought brokers to provide crypto-execution execution to their customers, according to a source familiar with the matter.
The co-operative firm that follows the project includes finance firms Sequoia Capital and Paradigm, as well as a few brokerage firms, the source said.The project, first reported by CoinDesk, is still very small in its development, a source said.
Bloomberg reported that firms were producing crypto donations with the help of Fidelity Investments and Charles Schwab Corp, which will increase access to digital assets, citing people familiar with the matter.Schwab said on Tuesday that he had invested a small, idle investment in a new digital goods business.”We recognize that there is a great deal of interest in cryptocurrencies … and we will consider introducing direct access to cryptocurrencies if there is further regulatory clarity,” Schwab said in a statement.The product, which is still developing, could be available later this year or early next year.
