smartTrade to Build SEBA's Cryptocurrency Trading Platform

smartTrade Technologies, a trading technology firm, announced this Thursday that it has been chosen to build SEBA Crypto AG’s cryptocurrency and traditional assets trading platform.

“We are thrilled to be involved in what we think is a major financial industry turning point by providing the trading platform for SEBA.” Said smartTrade’s CEO, David Vincent, “we fully embrace SEBA’s vision that Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term, the technology underpinning Bitcoin and other crypto assets, is the catalyst for the Fourth Industrial Revolution. Blockchain is already a technology delivering impact and reshaping the financial world.”

SEBA, a Swiss company, plans on building a regulated bank as a bridge between the cryptocurrency and regular financial economies. Based in Zug, Switzerland’s ‘crypto valley,’ the firm aims to build this bridge by allowing for the flow of assets between the crypto and traditional financial markets.

smartTrade - Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Connection

Crazy as this may sound, SEBA is already attempting to get licensing. In its statement this Thursday, the firm said that it is in talks with the Swiss Financial Market Supervisory Authority regarding a banking license.

Regardless of whether or not it gets licensing, smartTrade will be providing a range of technology to the company. According to Thursday’s a statement, the technology company will be connecting SEBA to different liquidity venues as well as providing aggregation, execution and smart order routing solutions. On top of this, smartTrade will be providing pricing, distribution, risk, order management and analytics.

“SEBA is a new financial services offering committed to security, transparency and performance,” said Guido Bühler, CEO of SEBA. “We are building our infrastructure from the ground up, hence partnerships with world class technology providers such as smartTrade are core to our ambition to be one of the first fully regulated and supervised Swiss crypto banks. Together, we intend to deliver a military grade, secure traditional and crypto banking experience for the new economy.”