Wedbush Securities invests undisclosed amount in Buttercoin, to leverage exchange's technology

Wedbush Securities has made further advances into the digital currency space, investing an undisclosed amount in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange Butttercoin. Through their new relationship, Wedbush will utilize the exchange's technology and capabilities.

Buttercoin is a bitcoin exchange, yet to launch, that aims to make the bitcoin trading process smooth and simple. Said Sheri Kaiserman, Head of Equities at Wedbush Securities:

"We are impressed with Buttercoin in many regards notably that it provides reliable, trustworthy and excellent trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, and most importantly that it has a US banking relationship. We see cryptocurrency technology as disruptive to the financial services industry as the internet was to communications."

Los Angeles-based Wedbush is one of the first securities firms to devote attention to the cryptocurrency space, publishing multiple research reports on the topic during the past 12 months.

The investment is the second today to be announced by a mainstream financial services firm in the digital currency space. Spanish bank Bankinter announced an investment in Coinffeine, a p2p bitcoin exchange, also slated for future launch, and also for an undisclosed amount.

For a detailed list of recent investment and M&A activity in the crypto industry, please visit the DC Magnates Crypto Deal Table.