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South African Digital Asset Broker Ovex Adopts Ledger Vault Platform Ledger Enterprise Solutions has entered into an agreement with Ovex, a South-African-based digital asset prime broker. Ovex will utilize the Ledger Vault platform, the institutional-grade custody technology for enterprises, to secure clients’ digital asset portfolios. Founded in 2017, Ovex is a cryptocurrency prime broker offering high yield investment products and expertise in OTC (over-the-counter) trading and arbitrage for high net worth individuals and institutions. Ovex is dedicated to improving the efficiency of the ...
Jonathan Ovadia The Financial Sector Conduct Authority (FSCA) has closed its investigation into Ovex, conceding in a statement issued on Friday that the company does not require a financial services licence currently. This is after the financial watchdog, which is grappling with how to regulate the cryptocurrency sector, found itself with egg on its face after having to withdraw a statement issued on Thursday related to Cape Town-based Ovex. In its latest brief statement on the matter, the FSCA says while it has previously warned the public that Ovex does not have a financial services licence...
Africa’s Largest Cryptocurrency OTC Desk Closes Strategic Investment OVEX, the South African-based cryptocurrency exchange platform specializing in over-the-counter (OTC) trading, announces a strategic investment from quantitative cryptocurrency trading firm Alameda Research, developer of the fifth-largest crypto derivatives exchange in the world by trading volume, FTX. With $270 million in monthly trading volume and a valuation north of one billion South African Rand (ZAR), OVEX is delivering prime brokerage services to institutions and high net-worth individuals across Africa amid rising...