Seed CX Launches "Institutional-Only" Cryptocurrency Spot Trading
- The new service comes just two weeks after the exchange operator rolled out its new wallet solution
Institutional cryptocurrency exchange operator Seed CX announced the launch of spot trading in digital assets for financial institutions this Wednesday.
The company says that it is the first firm to have launched an institutional-only cryptocurrency spot 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 and that it is the only exchange to offer both spot and derivatives trading.
“There is no shortage of digital asset spot trading markets, but none have our vision for creating an institutional-grade experience across technology, operations and compliance,” said Edward Woodford, co-founder and CEO of Seed CX. “We are getting very positive feedback from recently on-boarded customers, and we are quickly on-boarding more investors and trading firms from around the world.”
New wallet for spot trading
Wednesday’s news comes less than two weeks after Seed CX released details of its new wallet. Unlike most exchanges, which centrally store deposits in a single wallet, institutions using Seed CX’s storage facilities will have their own wallet.
Besides the obvious security features - it’s much easier to hack a single wallet than hundreds of different ones - this also means institutions don’t have to fret over the potentially dodgy accountancy practices of unregulated exchanges.
Currently, the exchange only offers USD-based currency pairs but will be expanding its offering to include EUR and JPY in the middle of this quarter. Unless something drastic happens, that would also make Seed CX the first firm to offer multiple fiat currencies on a single platform.
Institutions that trade on the platform will not be subject to any deposit or withdrawal fees - for both Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and fiat currencies.
Like some other cryptocurrency exchanges, the firm will also be operating under a maker-taker model. That means market makers will not be charged for trading on the exchange and, according to the firm, market takers will be subject to the industry’s lowest trading fees.
Institutional cryptocurrency exchange operator Seed CX announced the launch of spot trading in digital assets for financial institutions this Wednesday.
The company says that it is the first firm to have launched an institutional-only cryptocurrency spot 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 and that it is the only exchange to offer both spot and derivatives trading.
“There is no shortage of digital asset spot trading markets, but none have our vision for creating an institutional-grade experience across technology, operations and compliance,” said Edward Woodford, co-founder and CEO of Seed CX. “We are getting very positive feedback from recently on-boarded customers, and we are quickly on-boarding more investors and trading firms from around the world.”
New wallet for spot trading
Wednesday’s news comes less than two weeks after Seed CX released details of its new wallet. Unlike most exchanges, which centrally store deposits in a single wallet, institutions using Seed CX’s storage facilities will have their own wallet.
Besides the obvious security features - it’s much easier to hack a single wallet than hundreds of different ones - this also means institutions don’t have to fret over the potentially dodgy accountancy practices of unregulated exchanges.
Currently, the exchange only offers USD-based currency pairs but will be expanding its offering to include EUR and JPY in the middle of this quarter. Unless something drastic happens, that would also make Seed CX the first firm to offer multiple fiat currencies on a single platform.
Institutions that trade on the platform will not be subject to any deposit or withdrawal fees - for both Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and fiat currencies.
Like some other cryptocurrency exchanges, the firm will also be operating under a maker-taker model. That means market makers will not be charged for trading on the exchange and, according to the firm, market takers will be subject to the industry’s lowest trading fees.