Chicago and Singapore are two cities that are becoming synonymous with bitcoin. The Windy City is home to CME and DRW, two major financial firms that are capitalizing on the rise of bitcoin, while Singapore is embracing all things crypto. The news that DRW is poised to open a Singapore trading shop for bitcoin thus makes perfect sense in a move that will enable DRW to ramp up its Asian operations and attract major clients.
A Match Made in Heaven?
The head of Singapore’s Monetary Authority recently announced that the city-state had no intention of regulating cryptocurrencies and welcomed the growth in demand for bitcoin. Insettling on a location for its new Asian trading base, Singapore was a natural choice for DRW. The Chicago trading firm is no newcomer to bitcoin, having been in the game since 2014, when its Cumberland Mining subsidiary began bitcoin trading…
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