On Thursday, with many digital assets experiencing mild price increases over the past 24 hours even as stocks have fallen, Bitcoin and other cryptocurrencies were largely maintaining stability.
Over the past day, the price of Bitcoin was less than 0.5% higher to around $30,500. in November 2021,The largest crypto maintained well below half its record high near $69,000, but continues to float above the key $30,000 level since the beginning of the week, a level where it hasn’t been consistently traded under since the end of May.
BGC Partners Plans to Launch Crypto Exchange by 2023 Q1
CEO Howard Lutnick said on Wednesday that worldwide brokerage company BGC Partners (BGCP) have plans to build a cryptocurrency exchange and launch it by this year’s end or in the first quarter of 2023, during Piper Sandler’s Global Exchange & Brokerage Conference in New York.
This is one of the latest moves by a traditional Wall Street firm in the crypto space.
Lutnick said that adding a crypto offering is positive, and that BGC can compete with global crypto exchanges given its technology and speed of BGC’s platforms.
In addition, Lutnick said he’s used to regulation. Regarding SEC Chairman Gary Gensler wanting to regulate the crypto sector, “So what,” Lutnick said.
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