BGC Partners Expects to Launch Crypto Exchange by 2023 Q1

BGC Partners will launch a crypto exchange that can compete with larger competitors, CEO Howard Lutnick said at a conference Wednesday.

AccessTimeIconJun 8, 2022 at 10:20 p.m. UTC
Updated May 11, 2023 at 5:40 p.m. UTC
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  • Global brokerage company BGC Partners (BGCP) plans to build a cryptocurrency exchange and launch it by the end of this year or the first quarter of 2023, CEO Howard Lutnick said Wednesday during Piper Sandler’s Global Exchange & Brokerage Conference in New York.
  • The initiative is among the latest moves by a traditional Wall Street firm in the crypto space.
  • Lutnick said he’s bullish on BGC adding a crypto offering, and the company can compete with global crypto exchanges given its technology and speed of BGC’s platforms.
  • In addition, Lutnick said he’s used to regulation. “So what,” Lutnick said regarding U.S. Securities and Exchange (SEC) Chairman Gary Gensler wanting to regulate the crypto sector.
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