The crypto equivalent of “All Dressed Up & Nowhere To Go” has to be the push to launch Security Token Offerings (STOs). But there’s this one small hitch accompanying the movement – there’s hardly any superb options to trade STOs.
Oh, sure, a few exchanges have made rumblings here & there. And there are lots of plans in the works. But when you compare the magnitude of interest in this nascent space compared to the backdrop of current candidates, there is much left to be desired.
This may be changing. Bithumb, a leading crypto startup in South Korea, signed a deal with SeriesOne to establish a Security Token platform in the United States, according to reports.
Honestly, the real question is when will Nasdaq or ICE (who owns NYSE) get in the game; that day can’t come soon enough as far as I’m concerned. You can’t grow an industry without solid, reputable exchanges to conduct the business in a fair, transparent, regulated manner. Nothing against these upstart exchanges, mind you.
I do believe we are likely to see some big outfits step up the plate next year but it’s just a guess – I don’t know this to be the case.
What I can say with certainty is XRP is having a nice day just like Bitcoin Cash recently had, too. Alt-coins seem to be getting mildly restless with BTC on holiday.