SIBEX Raises CHF 1.78 Million in Seed Round to Transform OTC Digital Trading

Investment received from leading industry players SIX, Fenbushi Capital, and Accomplice VC   Zug, Switzerland — SIBEX AG, the developer of the peer-to-peer protocol creating new arbitrage opportunities for institutional traders and eliminating the issues that exist with current OTC markets, has announced that it has raised  CHF 1.78 million (€1.61 million) in its seed funding round. SIBEX received backing from China-based Fenbushi Capital; SIX, the Swiss financial infrastructure provider; and specialist blockchain investment Accomplice VC, among others.    The SIBEX peer-to-peer protocol and the SIBEX client leverage blockchain technology…

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Cryptocurrency Exchanges demand up to $3 million to list ICO tokens

Cryptocurrency exchanges are sitting in the “pound seats” so to say as they are now charging huge listing fees to ICO’s. According to a report by Bitcoin.com and Autonomous,  to list an ICO on well-known cryptocurrency exchanges can cost anywhere between $1 – $3 million.  With these astronomical listing fees, ICO’s could be over funding their projects just to cover these costs.   Interestingly to note, the fee on the Nasdaq Capital Market for a listing of up to 15 million shares costs $55,000, substantially lower than the charges touted…

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