Hyperion and Stellar (XLM) engaged in partnership - Stellar News. Saturday, October 13th
Hyperion and Stellar (XLM) engaged in partnership
The announcement was made by the exchange’s owner, Global Blockchain Technologies Corp.
Cryptocurrency exchange Hyperion has reportedly partnered with crypto trading protocol Stellar to expand the former’s portfolio of digital assets tradeable in its platform. The announcement was made by Global Blockchain Technologies Corp (indexed in the Canadian Securities Exchange as BLOC), co-owner of the aforementioned exchange.
According to the press release in its official website, this new partnership means a broader scope of tradeable assets on Hyperion, and at the same time, it will benefit from Stellar’s user base and brand cachet “as it makes its entrance into the market place as a new exchange.”
CEO and President of BLOC, Shidan Gouran, expressed his feelings towards the announcement. “Hyperion partnering with Interstellar is one of the best things that could have happened, not just for BLOC and Hyperion, but also for the crypto space,” he said, adding that with the ATS license Hyperion has for operating as an exchange, they will not suffer from the hurdles of regulation in the crypto sector, as well as providing traders and investors legal protection unlike in other exchanges.
“That is a very big win for the crypto market in general, and for us and our shareholders as investors in Hyperion,” Gouran said.
On the other hand, the chairman of BLOC Steve Nerayoff noted that the crypto market has matured enough to even trade digital assets on an exchange licensed by the SEC, and praised Shidan and Michael – the co-founder of Hyperion – for their efforts in bringing blockchain-based trading of securities and other digital assets to the mainstream market. “We will start to see a lot more capital coming into this space as a result. We all thought that 2018 was a dynamic year for crypto… but Hyperion will play a significant role in making 2019 even more dynamic,” Nerayoff said.
Hyperion is a global hub for exchanging cryptocurrencies and securities under a SEC-issued Alternative Trading System (ATS) license. Additionally, it can operate as a broker-dealer, thanks to a previous investment in the Delaware Board of Trade (DBOT). Founded in 2017 and headquartered in Toronto, Canada, the exchange aims to become the first advanced security token exchange in the North American region.
The company is a division partner of Global Blockchain Technologies Corp, a company that provides investors access to direct and indirect holdings within the blockchain industry.
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