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Deals Edge Blockchain, Crypto Closer to Mainstream

Reuters is reporting that HSBC has settled over three million forex trades and made over 150,000 payments since February using blockchain. While the transactions are only a small portion of the bank’s total foreign currency transactions, it’s a significant step forward for the technology to gain the recognition of mainstream finance firms. The Financial Times is reporting also that the London Stock Exchange has entered a deal to sell some of its trading technology to a Hong-Kong based cryptocurrency exchange.  According to the report, the AAX exchange will buy the LSE’s Millennium Exchange matching system, which is already used to match trades on traditional stock exchanges.