US Cryptocurrency Exchange Launches Spot Trading for Institutional Investors

According to an official announcement released Wednesday, January 23, licensed cryptographic company Seed CX from Chicago launched spot trading for institutional investors.

Trading in cash is the purchase or sale of currency, financial instrument or commodity for immediate delivery. Spot deals may include the physical delivery of instruments, commodities or currencies.

According to the announcement, Seed CX has introduced spot trading for the US dollar Bitcoin (BTC) pair, while Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) couples will be added later in the month. , Also, Seed CX plans to expand its fiat pairs to the euro and the Japanese yen later in the first quarter of 2019.

Also, the company announced that it would propose a market for digital asset instruments regulated by the US Commodity Futures Trading (CFTC).

The US market also claims to use a model free of charge to deposit and retire current or digital assets. All dollar deposits would be maintained in regulated US banks that would protect Federal Deposit Insurance Corporations.

Edward Woodford, co-founder and CEO of Seed CX, says the stock market has already received positive feedback from customers about this feature and hopes to attract institutional investment.

Earlier this month, Seed CX initiated a digital asset portfolio solution with a chain solution for institutional investors. The project was developed in co-operation with its branch office, Zero Hash, a currency guard and cryptocurrency providing chain settlement services, which would receive FinCEN's regulatory approval to function as a fundraiser in 25 countries. States.


Popular posts from this blog

Samsung Galaxy S20+ BTS Edition ready to pre-order from 19 June!

Plans to allow cryptocurrency deposits and withdrawals Robinhood announces

The latest talk on Apple iPhone 13 rumors the specs, the features, and release date