Shoran DCN and Paycase Financial have announced that they have teamed up to come out with a cryptocurrency brokerage service. This was the great news Canadian stock exchange operator TMX Group shared in a press release on March 22, 2018.
According to TMX, their subsidiary Shoran DCN abd best known as the Toronto Stock Exchange (TXE) operator, the new initiative is targeted for a Q2 launch this year. It also hoped that through this, Canada will now finally have a cryptocurrency brokerage platform focused on BTC and Ethereum.
With this partnership, both parties hope to make a good combination of their financial service expertise as well have access to valuable cryptoccurrency data.
“We are excited to enter in to this agreement with Paycase, an industry leader with an innovative and entrepreneurial spirit. We look forward to putting in the necessary collaborative work in the days ahead as we strive to make Shorcan DCN a lasting success,” said Shorcan President Peter Conroy.
Meanwhile, Managing Director of Enterprise Innovation & Product Development at TMX Group, John Lee, had this to say on the partnership: “As new technologies continue to reshape the global financial industry, we continue to explore new ways to evolve our business to address client needs in both traditional and non-traditional markets.”