Bitfinex Securities opens new office in Kazakhstan, expands offerings to tokenized securities

02/24/2023 07:01 • Blockchain Buzz • 122 views

On February 24, it was reported that Bitfinex Securities is a fully regulated exchange supported by Bitfinex, which can issue and trade tokenized securities, including stocks and bonds, and open an important new regional office in Astana, Kazakhstan.

Bitfinex Securities opens a new office in Astana, Kazakhstan

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Cryptocurrency exchange Bitfinex Securities recently announced the opening of a new office in Astana, Kazakhstan. The move is part of the company’s efforts to expand its global presence and offer customers access to a wider range of financial products, including tokenized securities.

Bitfinex Securities is a fully regulated exchange backed by parent company Bitfinex, which is a cryptocurrency trading platform based in Hong Kong. The exchange has been around since 2012 and is known for its advanced trading features, extensive security measures, and a user-friendly interface.

With the opening of the new office in Astana, Bitfinex Securities will be able to cater to customers in the Central Asian region more effectively. The company’s CEO, Paolo Ardoino, said that Kazakhstan was the ideal location for the new regional office as it is an “evolving market with an appetite for new technologies and financial services.”

Aside from the new office, Bitfinex Securities also plans to expand its offerings to include tokenized securities, which are digital representations of traditional securities such as stocks and bonds. These can be traded on blockchain-based platforms and offer several advantages over traditional securities, such as increased liquidity, 24/7 trading, and fractional ownership.

Tokenized securities have been gaining popularity in recent years, with several major financial institutions, including JP Morgan and Deutsche Bank, exploring the space. The market for these securities is expected to grow significantly in the years to come, driven by increased demand from institutional investors and regulatory bodies.

As a fully regulated exchange, Bitfinex Securities is well-positioned to take advantage of this trend and offer customers access to a wider range of financial products. In addition to tokenized securities, the company also offers trading in cryptocurrencies, fiat currencies, and commodity derivatives.

Overall, the opening of the new office in Astana and the expansion into tokenized securities mark an important milestone for Bitfinex Securities. The company’s focus on innovation and customer service is likely to keep it at the forefront of the rapidly evolving cryptocurrency and blockchain industry.

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Bitfinex Securities opens new office in Kazakhstan, expands offerings to tokenized securities

Bitfinex Securities opens a new office in Astana, Kazakhstan

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