First crypto repo platform
Alex Grebnev, a former banker at Goldman Sachs, is creating a platform that will permit traders to deal more comprehensively with cryptocurrencies. The platform, called Oxygen, intends to target private and institutional investors seeking to cut repurchase agreements, or repos, among themselves. According to Forbes, Oxygen is set to be launched later this year.
If the operation is successful, the crypto-space will move even further into the mainstream: This past December, Chicago-based exchanges CME Group and Chicago Board Options Exchange (CBOE) launched Bitcoin futures contracts.