TrueEx LLC, the interest-rate-swap trading service created by Sunil Hirani, plans to stop trading operations on July 19 after it alleged that the world’s largest banks started a boycott to choke off its business.
TrueEx is selling its registrations with the Commodity Futures Trading Commission to a related company, TrueDigital Holdings LLC, it said July 9 in a statement.
The sale of the CFTC-approved “designated contract market” and “swap execution facility” licenses will help TrueDigital list Bitcoin derivatives on a regulated market, TrueEx said. The CFTC must approve the sale, according to the statement.
The trading platform sued banks including ...
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