Regulated UK Exchange Archax Partners with Algorand for Institutional Adoption

By Abhimanyu Krishnan | News | 28 Aug 2020

UK exchange Archax has partnered with Algorand (ALGO) to build new financial products related to DeFi, according to a blog post published on August 27.

  • Archax has plans to release new financial products alongside equity and debt and believes Algorand’s technology will suit their blockchain agnostic marketplace
  • Products that are being considered include a stablecoin, lending and borrowing services
  • Institutional accessibility and adoption is a primary motivator in forming the partnership, as is as bridging centralized and decentralized financial services 
  • Archax became the first exchange to be regulated by the Financial Conduct Authority (FCA) to conduct operations on August 19
  • Algorand is a next-generation blockchain that performance, scalability and security challenges

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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