Overstock’s tZERO Launches Crypto App for Android Devices

The app offers a limited selection of Bitcoin and Ethereum that will be expanded in the future.

Overstock’s tZERO security token trading platform has released a new mobile app for Android smartphones, which allows users to store and exchange cryptos on their mobile phones. The launch of the Android app comes shortly after the firm revealed a similar application for iOS devices with additional features such as a customizable user interface, widgets, and tutorials.

Available on the Google Play store as we speak, the new brokerage app enables tZERO Crypto unit’s customers to leverage the software to trade one of the two supported cryptocurrencies. This limited selection of Bitcoin and Ethereum will be expanded in the future, the company said.

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Besides buying, selling, sending, receiving, and storing crypto coins, tZERO Crypto App comes with a couple of advanced features. These include setting biometric authentication for added security and ease of use. Eventually, there are also plans to utilize a private key recovery system to allow users to restore their assets in the event that they lose their private keys or mobile phone.

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“We are excited to bring our platform to Android users, which we believe will significantly expand our user-base. The accessibility of the tZERO Crypto App is critical in our plan to provide an intuitive trading experience for all digital assets,” tZERO CEO Saum Noursalehi said.

tZERO reveals a flurry of new hires

tZERO has recently revealed several appointments to its executive management team, including Brooke Navarro as Head of Issuance, Michael Mougias as Head of Investor Relations and Alexandra Sotiropoulos who is joining as Head of Communications.

tZero expands the headcount as the firm is getting ready to sweeten its soon-to-be-launched broker-dealer arm. tZero’s anticipated retail brokerage services include sales trading, electronic execution, and portfolio execution for buy- and sell-side clients.

tZERO hopes to launch its own retail broker-dealer within the coming months to grab the capacity to serve retail traders instead of only accredited investors.

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