Overstock’s tZERO Set to Launch Bitcoin Trading Platform
- The firm has plans to make it an all-in-one trading platform supporting both crypto and traditional stocks.
Overstock.com’s 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 subsidiary tZero is planning to launch a mobile-based application for trading in Bitcoin and, possibly, Ether.
As revealed by the company’s CEO Saum Noursalehi to Coindesk, tZERO has outsourced the development process of both iOS and Android-based trading application to Bitsy with a scheduled launch date in June.
Noursalehi detailed that the upcoming app will work without the support of a third-party wallet platform for crypto storage. Moreover, it will have access to tZERO’s partner institutional Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term SFox.
Last year, Overstock’s venture arm Medici Ventures invested heavily in Bitsy which was developing products to fill the gap between crypto and fiat. The company, last September, launched a cryptocurrency wallet.
“That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app,” Noursalehi told Coindesk. “They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login.”
An All-in-One Trading Platform
In addition, the Overstock subsidiary is also planning to add the option of trading securities token listed on tZERO along with traditional stocks. The company needs a retail broker-dealer license for these services, for which it is filing its application.
In January, tZERO launched a regulated alternative trading system (ATS) platform to offer a securities clearing and settlement. To date, the platform only offers its native tZERO Preferred (TZEROP) token. The CEO, however, revealed that the company is working on the onboarding process of many companies on the platform including players from real estate, private equity, venture funds, technology, and many more.
“I hope in the next quarter we will sign contracts with them,” Noursalehi added. “We’ve been a bit more selective than other ATS out there, we want to make sure the companies that want to issue tokens with us are well-funded, have revenues and will be around in the next three-four years.”
Overstock.com’s 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 subsidiary tZero is planning to launch a mobile-based application for trading in Bitcoin and, possibly, Ether.
As revealed by the company’s CEO Saum Noursalehi to Coindesk, tZERO has outsourced the development process of both iOS and Android-based trading application to Bitsy with a scheduled launch date in June.
Noursalehi detailed that the upcoming app will work without the support of a third-party wallet platform for crypto storage. Moreover, it will have access to tZERO’s partner institutional Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term SFox.
Last year, Overstock’s venture arm Medici Ventures invested heavily in Bitsy which was developing products to fill the gap between crypto and fiat. The company, last September, launched a cryptocurrency wallet.
“That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app,” Noursalehi told Coindesk. “They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login.”
An All-in-One Trading Platform
In addition, the Overstock subsidiary is also planning to add the option of trading securities token listed on tZERO along with traditional stocks. The company needs a retail broker-dealer license for these services, for which it is filing its application.
In January, tZERO launched a regulated alternative trading system (ATS) platform to offer a securities clearing and settlement. To date, the platform only offers its native tZERO Preferred (TZEROP) token. The CEO, however, revealed that the company is working on the onboarding process of many companies on the platform including players from real estate, private equity, venture funds, technology, and many more.
“I hope in the next quarter we will sign contracts with them,” Noursalehi added. “We’ve been a bit more selective than other ATS out there, we want to make sure the companies that want to issue tokens with us are well-funded, have revenues and will be around in the next three-four years.”