TradeStation Crypto Adds Cryptocurrency Deposit & Withdrawal Option

TradeStation Crypto, Inc. recently announced that it had launched a suite of new features to its crypto brokerage offering. Namely, it has introduced crypto deposits and withdrawals and mobile trading via TradeStation’s mobile app.

TradeStation Crypto facilitates the buying, selling, and trading of 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. The company is a subsidiary of TradeStation Group, Inc., which in turn, is part of the Monex Group, a Japanese financial services provider.

Under the new developments, the crypto brokerage now offers deposits and withdrawals in cryptocurrencies, new interest-earning capabilities on eligible assets, as well as the ability to track profit and loss.

Commenting on the new features, James Putra, Senior Director of Product Strategy at TradeStation Crypto, said in the statement: “The current ultra-low interest rate environment has made it difficult for investors to earn interest on traditional products, which may incentivize certain investors to explore adding crypto to their portfolio."

“Now, and for the first time, TradeStation Crypto customers can earn interest on their eligible crypto balances whether they’re actively trading or sitting on the sidelines during times of market volatility. Cryptocurrency interest could be a real game-changer.”

TradeStation Crypto mobile trading

Amongst the new features announced today, the crypto brokerage has launched its mobile app trading capabilities, alongside the existing 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, allowing investors to trade via their mobile devices.

“We’re thrilled to be able to add these new capabilities and offer our customers a one-stop-shop for all products under the TradeStation Group umbrella,” added Putra in the statement.

“This is just the beginning of new innovations on the horizon to improve the customer experience. More features are being developed as we speak, and will be introduced to our traders in the coming months, as we strive to make trading crypto as accessible and intuitive as possible.”

As Finance Magnates reported, TradeStation Crypto was launched in November of 2019 in the United States. The brokerage also provides a dedicated platform to ‎facilitate cryptocurrency trading for institutional ‎investors.