TradeStation Crypto Taps Zero Hash for Digital-Asset Lending
- Zero Hash lending infrastructure enables TradeStation to automate collateral management and loan settlement
TradeStation Crypto, the digital asset-focused subsidiary of Monex Group’s TradeStation Group, today announced a partnership agreement to leverage custody and settlement infrastructure from Seed CX’s platform, Zero Hash.
Zero Hash will help TradeStation Crypto manage its digital asset loan book and provide the firm with a centrally settled crypto offering as well as wider access to a range of cryptocurrency markets and key 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 venues.
“Through the collaboration, TradeStation Crypto can streamline loan submission and settle digital assets, benefiting from Zero Hash's automation and real-time valuation feeds. TradeStation Crypto and its loan counterparties can now enjoy greater efficiency throughout the loan lifecycle,” the company said.
Zero Hash lending infrastructure also enables TradeStation to automate collateral management and loan settlement, thereby helping manage the counterparty risk and simplifying the acceptance of multiple forms of collateral.
Zero Hash is a subsidiary of Seed CX and has registered the unit as a Money Services Business and FX Dealer with FinCEN. Moreover, Zero Hash is a registered Money Transmitter in over 45 US states.
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The Zero Hash settlement service currently supports spot settlement of fiat and 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 will be launching support for repo, forwards, and other product types in the coming months. The product was already implemented into the trade cycle of traditional brokers, single-dealer platforms, FX ECNs, and other institutional trading venues.
"The Crypto lending space has experienced great growth in 2020, driven by attractive yields on crypto asset loans. There is a need for automation in the crypto lending space. Automation is the only way to bring scale and achieve higher levels of institutionalization in the marketplace," said James Putra, Senior Director of Product Strategy at TradeStation Crypto.
TradeStation Leverages Monex’s Experience
Tailor-made for crypto traders, TradeStation uses global integrations to create a wide pool of liquidity sources that enable better price discovery and transparency. The company further promotes its crypto desk as helping traders avoid lengthy transactions on traditional exchanges, as well as avoid fees charged by other platforms for instant large volume trades.
The crypto-focused offshoot leverages the brokerage industry expertise of its parent, Japanese financial services giant, Monex Group, to address what it perceives to be key concerns and certain weaknesses in the current cryptocurrency ecosystem.
Furthermore, TradeStation Crypto provides a dedicated platform to facilitate cryptocurrency trading for institutional investors.
"TradeStation Crypto is paving the way for institutional firms to engage in crypto lending. This lending product is one of the most exciting innovations in the space. We are looking forward to seeing how these new products will bring scale and efficiency to the crypto lending space," said Edward Woodford, Zero Hash's co-founder and CEO.
TradeStation Crypto, the digital asset-focused subsidiary of Monex Group’s TradeStation Group, today announced a partnership agreement to leverage custody and settlement infrastructure from Seed CX’s platform, Zero Hash.
Zero Hash will help TradeStation Crypto manage its digital asset loan book and provide the firm with a centrally settled crypto offering as well as wider access to a range of cryptocurrency markets and key 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 venues.
“Through the collaboration, TradeStation Crypto can streamline loan submission and settle digital assets, benefiting from Zero Hash's automation and real-time valuation feeds. TradeStation Crypto and its loan counterparties can now enjoy greater efficiency throughout the loan lifecycle,” the company said.
Zero Hash lending infrastructure also enables TradeStation to automate collateral management and loan settlement, thereby helping manage the counterparty risk and simplifying the acceptance of multiple forms of collateral.
Zero Hash is a subsidiary of Seed CX and has registered the unit as a Money Services Business and FX Dealer with FinCEN. Moreover, Zero Hash is a registered Money Transmitter in over 45 US states.
Open a Trading Account Today With These Recommended Brokers
The Zero Hash settlement service currently supports spot settlement of fiat and 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 will be launching support for repo, forwards, and other product types in the coming months. The product was already implemented into the trade cycle of traditional brokers, single-dealer platforms, FX ECNs, and other institutional trading venues.
"The Crypto lending space has experienced great growth in 2020, driven by attractive yields on crypto asset loans. There is a need for automation in the crypto lending space. Automation is the only way to bring scale and achieve higher levels of institutionalization in the marketplace," said James Putra, Senior Director of Product Strategy at TradeStation Crypto.
TradeStation Leverages Monex’s Experience
Tailor-made for crypto traders, TradeStation uses global integrations to create a wide pool of liquidity sources that enable better price discovery and transparency. The company further promotes its crypto desk as helping traders avoid lengthy transactions on traditional exchanges, as well as avoid fees charged by other platforms for instant large volume trades.
The crypto-focused offshoot leverages the brokerage industry expertise of its parent, Japanese financial services giant, Monex Group, to address what it perceives to be key concerns and certain weaknesses in the current cryptocurrency ecosystem.
Furthermore, TradeStation Crypto provides a dedicated platform to facilitate cryptocurrency trading for institutional investors.
"TradeStation Crypto is paving the way for institutional firms to engage in crypto lending. This lending product is one of the most exciting innovations in the space. We are looking forward to seeing how these new products will bring scale and efficiency to the crypto lending space," said Edward Woodford, Zero Hash's co-founder and CEO.