LSE

On May 2, CNBC published an interview with Nikhil Rathi, the CEO of the London Stock Exchange, a 300-year old trading venue. In the interview, Rathi gave hints that the LSE is looking at blockchain technology.

Here’s what we know.

/**/

LSE Interested in Blockchain

According to CNBC, Nikhil Rathi, who has been the CEO of the LSE since 2015, said the exchange is keeping an eye on blockchain. He also said the LSE has noticed an “interesting array of different ideas,” from competing exchanges. Before the exchange, which is one of the oldest in the world, moves into the blockchain sector, however, Rathi says it is waiting to see which ideas “gain market traction.”

While Rathi said the LSE is waiting to make a move, the CEO did hint at areas in which the exchange has been looking at. “You can certainly see distributed ledger technology having an application in the issuance process. I can see that technology being used in settlement too,” he told CNBC. If this is the area the LSE is looking to move into, we could soon see the London Stock Exchange using distributed ledgers for settling trades and issuing stocks.

Are We Surprised?

As monumental as it would be for the LSE to add blockchain to its technology inventory, the possibility of this happening isn’t surprising. Why? Because the London Stock Exchange has previously been open about its focus on blockchain technology. In 2019, the exchange purchased a minority stake (the exact amount of the investment was not disclosed) in Nivaura, a London-based blockchain startup.

>> Crypto Theft Could Hit $1.2 Billion in 2019, Says Cipher Trace

Takeaway

What do you think about the LSE looking at blockchain use? Do you think it would be beneficial if the exchange used distributed ledgers for settling trades? Let us know what you think in the comments below! And be sure to keep an eye on this story!

Featured image: DepositPhotos © chrisdorney

/* p > a { text-decoration: none; color:#000 !important; } .crec-ad > p > a:hover { color:#000 !important; text-decoration: underline; } @media(min-width:1228px){ .crec-image img{ width:191px; height:100px; } } @media (max-width: 1228px) { .crec-ad { width: 50%; box-sizing:border-box; } .crec-image img{ width:100%; height:158px; } .crec-ad:last-child { width: 50%; padding-right: 4px; } } @media (max-width: 590px) { .crec-ad { width: 100%; } .crec-image img{ height:auto; } .crec-ad:last-child { width: 100%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } }
/*]]>*/

/**/

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

Crypto casinos
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin56,192 0.75 % 0.11 % 4.59 %
Ethereum4,518.8 1.21 % 0.08 % 0.07 %
Binance Coin611.85 1.18 % 0.73 % 4.12 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Solana227.81 2.85 % 0.60 % 8.59 %
Cardano1.630 0.89 % 2.67 % 3.06 %
XRP0.9657 0.93 % 0.41 % 7.37 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2215 0.68 % 1.42 % 7.23 %

bitcoin
Bitcoin (BTC) $ 56,249.00
ethereum
Ethereum (ETH) $ 4,517.98
binance-coin
Binance Coin (BNB) $ 613.21
tether
Tether (USDT) $ 1.00
solana
Solana (SOL) $ 228.73
cardano
Cardano (ADA) $ 1.63
xrp
XRP (XRP) $ 0.967889
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 35.67
dogecoin
Dogecoin (DOGE) $ 0.206889