More than 20 of the crypto market’s biggest traders gathered in January for talks on making digital assets and tokens part of the global financial architecture, according to a Bloomberg report published on April 25.
The meeting was reportedly arranged by Standard Chartered executive Hoe Lon Leng — and representatives from Galaxy Digital, Coinbase and Binance were among those said to have attended the talks at a luxury resort in Singapore.
Bloomberg reported that the meeting has resulted in plans for a clearinghouse for crypto derivatives that would reduce trading costs while increasing trading volumes. Reportedly known as the Liquidity Offset Network, it could be live and regulated by the Singapore Monetary Authority as early as July.
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