Finance Magnates spoke to Joe Tuccio who will be heading up the firm's digital asset division
Finance Magnates has learned that Nukkleus Capital, a boutique brokerage firm based in the US, is going to be launching an over-the-counter (OTC) cryptocurrency trading desk.
Along with its OTC trading desk, Nukkleus Capital is also going to be launching a cryptocurrency exchange, NukkX, in the first quarter of this year. And as with the OTC trading desk, NukkX looks like it will be targeting the institutional market.
“We are trying to Bridge the gap between the institutional world and the retail crypto world,” Joe Tuccio, Global Head of Digital Asset Management at Nukkleus Capital, told Finance Magnates. “If we can help build a streamlined product that replicates other financial markets offerings, I feel this market will flourish and mature.
“The recent commitments of major institutions like Bakkt, ICE,Fidelity and ErisX demonstrate that a formidable foundation of this new asset class is being soundly laid which will bring confidence to traditional capital market participants to deepen digital asset Liquidity across products.”
Tuccio to lead the crypto charge
It’s Tuccio that Nukkleus Capital’s Chairman, Emil Assentato, is going to be counting on to develop the firm's new cryptocurrency business. Tuccio was previously Head of Business Development for cryptocurrency settlements firm, Noble Bank. He also has twelve years of experience in the institutional FX trading world.
“I am excited to join the Nukkleus team,” said Tuccio. “We are seeing an abundance of top institutional firms joining the space and we intend to bring experience and knowledge to help grow and enhance the market.”
And according to Tuccio, NukkX will be connecting to some “top market makers” to ensure it has adequate liquidity.
The brokerage’s new OTC desk will also be looking to attract clients from the different companies that make up the buy-side of the financial services industry. That means hedge funds, asset managers, family offices and high net worth individuals will all be in the cross-hairs of Nukkleus Capital’s business development team.
In order to assuage the fears that many institutional players have when it comes to cryptocurrency, Nukkleus Capital will also be using technology company Prime Trust to provide in house custodial services.
“We are excited to be bringing more institutional players to the digital asset markets,” said Tuccio. “We believe this market is here to stay and the technology behind it will reshape financial markets for years to come.”
Finance Magnates has learned that Nukkleus Capital, a boutique brokerage firm based in the US, is going to be launching an over-the-counter (OTC) cryptocurrency trading desk.
Along with its OTC trading desk, Nukkleus Capital is also going to be launching a cryptocurrency exchange, NukkX, in the first quarter of this year. And as with the OTC trading desk, NukkX looks like it will be targeting the institutional market.
“We are trying to Bridge the gap between the institutional world and the retail crypto world,” Joe Tuccio, Global Head of Digital Asset Management at Nukkleus Capital, told Finance Magnates. “If we can help build a streamlined product that replicates other financial markets offerings, I feel this market will flourish and mature.
“The recent commitments of major institutions like Bakkt, ICE,Fidelity and ErisX demonstrate that a formidable foundation of this new asset class is being soundly laid which will bring confidence to traditional capital market participants to deepen digital asset Liquidity across products.”
Tuccio to lead the crypto charge
It’s Tuccio that Nukkleus Capital’s Chairman, Emil Assentato, is going to be counting on to develop the firm's new cryptocurrency business. Tuccio was previously Head of Business Development for cryptocurrency settlements firm, Noble Bank. He also has twelve years of experience in the institutional FX trading world.
“I am excited to join the Nukkleus team,” said Tuccio. “We are seeing an abundance of top institutional firms joining the space and we intend to bring experience and knowledge to help grow and enhance the market.”
And according to Tuccio, NukkX will be connecting to some “top market makers” to ensure it has adequate liquidity.
The brokerage’s new OTC desk will also be looking to attract clients from the different companies that make up the buy-side of the financial services industry. That means hedge funds, asset managers, family offices and high net worth individuals will all be in the cross-hairs of Nukkleus Capital’s business development team.
In order to assuage the fears that many institutional players have when it comes to cryptocurrency, Nukkleus Capital will also be using technology company Prime Trust to provide in house custodial services.
“We are excited to be bringing more institutional players to the digital asset markets,” said Tuccio. “We believe this market is here to stay and the technology behind it will reshape financial markets for years to come.”
US Prosecutors Recommend 3-Year Prison Sentence for Binance's Changpeng Zhao: Report
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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