Genesis Trading has partnered with bitcoin trading data provider TradeBlock to serve as its analytics and execution platform.
TradeBlock provides in-depth data and analysis tools on Bitcoin trading and mining. It supplies publicly viewable data as well as professional services to registered, pre-approved members.
Genesis Trading recently rebranded from SecondMarket Inc, the broker-dealer division of Barry Silbert’s Digital Currency Group. As part of its rebranding, it is focusing specifically on bitcoin trading. It is reportedly the first such broker-dealer in the U.S. to be regulated by FINRA and the SEC.
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Recall that both firms very recently partnered with BitGo, whose wallet and multisignature security infrastructure is being integrated with their platforms. The linking of the two for trading operations thus completes the loop, with bitcoin storage capabilities already in place.
Positioning itself as a premium service to large investors, Genesis Trading had been seeking a top-tier platform and highly sophisticated tool. An announcement on TradeBlock’s blog states:
“As Genesis’ counterparties have noticed, the firm has transitioned their OTC activity onto a custom implementation of the TradeBlock platform, which combines automated alerts with record keeping and communication tools. TradeBlock Professional clients know the premium version of the platform also includes cross-exchange execution, wallet integrations, KYC/AML automation, portfolio tools, and exportable records, all on top of the world’s most powerful suite of market and block chain data analytics.”
For TradeBlock, which last year unveiled its platform and announced venture funding, the partnership with Genesis Trading is one of its biggest milestones to date.