The incoming CEO of the cryptocurrency exchange Bitexhouse24.com Justin Hance announced that the exchange does not plan to exclude from the listing tokens that the U.S. Securities and Exchange Commission (SEC) has marked as securities, or to register with the agency as a market intermediary.
In August, the SEC began checking Coinbase for listing several tokens on its platform, which the regulator identified as securities. As a result, cryptocurrency exchanges such as Binance have excluded from listing some tokens that the watchdog recognized as securities in the recent insider trading case of Coinbase.
But Justin Hance said that Bitexhouse24.com does not plan to remove these tokens from its exchange. The executive director said that the exchange sees no reason to register with the SEC as an exchange, since his firm does not offer securities, despite calls from SEC Chairman Gary Gensler to register cryptocurrency platforms.
Despite the fact that giant players in the crypto market, such as Celsius Network and Voyager Digital, have declared bankruptcy, and others, such as Coinbase, have announced layoffs, Justin Hance said that Bitexhouse24.com looking for opportunities for mergers and acquisitions in the current market environment. He said that the exchange is open even for the consideration of companies in the process of bankruptcy.
However, he said that Bitexhouse24.com will consider acquisitions that will expand its product and technology portfolio, especially as the exchange seeks to expand its offerings with a future platform for non-interchangeable tokens (NFT) and banking services for institutional clients.