FREMONT, CA: NASDAQ, the second largest stock exchange has come forward to license its market surveillance technology for the U.S.-based crypto startup Bcause LLC. Bcause will employ trading, clearing, and surveillance tech for its cryptocurrency market. These technologies are expected to be launch by Bcause via NASDAQ’s financial framework platform by the first half of 2019.
NASDAQ’s tech implementation into Bcause framework will ensure the company to monitor business securely as well as counter manipulative and suspicious activities, if any. Bcause LLC is known for developing the first ever full-stack cryptocurrency ecosystem, requires to have a secure business process and the alliance between NASDAQ and Bcause will be crucial for safe and sound spot crypto business.
This move will drive a greater number of users to the spot crypto market, and also enable new users to get acquainted easily with the traditional market of cryptocurrency.
The financial framework of NASDAQ will enable Bcause to introduce innovative micro-services and expand its offerings to meet the industry demands concerning the progressive digital assets economy. The startup has built unique ecosystem to deliver investors, partners and stock market players a comprehensive experience in the crypto market and value chain.
Bcause has also partnered with the U.S. Commodity Futures Trading Commission to become a designated contract market (DCM) and to launch derivatives clearing organization (DCO); if approved by the commission, Bcause LLC will be scaling greater heights in the crypto trading market.
With the commencement of the above tech at Bcause, the startup strives to become a one-stop shop for all the digital crypto currency businesses from mining to spot trading digital assets. Surveillance technology within the NASDAQ’s financial framework will ensure to fit with the demands of cryptocurrency market. NASDAQ has powered more than 250 of market’s infrastructure organizations with its technology, Bcause LLC will line up as one among them to deliver crucial solutions.