OKEx, one of the most popular cryptocurrency exchanges, recently announced that it has joined the Global Liquidity and Settlement System (GLASS), a decentralized network of trading platforms developed by US company SharesPost.
According to the latest edition (V2.33/34) of research firm Diar, exchanger OKEx set a record for trading volume (USD) on its platform in July, and joining the GLASS network provides a legitimate way for the platform to expand into new markets. Indeed, with the full release of GLASS, a predominantly Asian-focused platform, OKEx will be able to gain access to a large number of American investors.
This is due to the fact that the GLASS network includes several separate international licensed enterprises. This means that security token transactions will be subject to local securities laws. Users in the US will be able to access services from companies such as Huobi Group, OKCoin, Stellar Decentralized Exchange, OKEx through the alternative trading platform SharesPost Marketplace.
Jason Lau, vice president of business development at OKEx, said on Wednesday: “By combining SharesPost's regulatory infrastructure with OKEx's broad pool of liquid digital assets, GLASS will be able to offer exchangers a more efficient and cheaper way to trade security tokens”.
GLASS network aims to benefit from network effects and efficient scaling, so it will provide a more convenient and lower-cost trading model.
“By joining Glass, the world's leading crypto exchanges are showing their commitment to streamlined trading of blockchain assets. We believe that GLASS will be able to achieve its goal,” says Greg Brogger, Founder and CEO of Shares Post.
According to cryptocoinspy.com
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