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BTCC / BTCC Square / Global Cryptocurrency /
BME Launches FXS System to Enhance Forex Settlement Efficiency

BME Launches FXS System to Enhance Forex Settlement Efficiency

Author:
Global Cryptocurrency
Published:
2025-06-04 08:14:02
17
1

BME has unveiled its new foreign exchange settlement system, FXS, at an event in Madrid. Approved by the Bank of Spain, the system aims to streamline Forex transactions by improving efficiency and mitigating settlement risks. The global Forex market, which processes over $7.5 trillion daily, stands to benefit from this innovation.

Banca March and Bankinter are among the first adopters, with the latter serving as the system's inaugural liquidity provider. Xavier Aguilá of BME Clearing highlighted that the project was driven by demand from Spanish banks, underscoring its practical relevance.

|Square

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