Two of Seed CX’s subsidiaries, Seed Digital Commodities Market (SDCM) and Zero Hash, have received approval from the New York Department of Financial Services (NYDFS) for a virtual currency license. Seed CX, through its subsidiaries, offers an exchange for institutional trading and settlement of fiat and digital asset products. The firm also plans to offer […]
Tag: Seed CX
Zero Hash, Seed CX’s digital asset and fiat currency custodian subsidiary, has announced that Digital Asset Redemption (DAR) has agreed to utilise its settlement service for short-term digital asset loans. DAR is a Chicago-based company that works with insurance companies, cybersecurity firms, and incident response teams across the globe to facilitate resolution to ransomware attacks. […]
Seed CX has integrated with Caspian, a crypto trading, portfolio and risk management platform. This partnership will allow the institutional investors using Caspian’s trading and portfolio management system – which includes an OEMS (order execution management system), PMS (portfolio management system), and RMS (risk management system) that covers the entire lifecycle of the trade – […]
Avelacom, a provider of connectivity and IT infrastructure, is now offering access to Seed CX’s real–time market data and order-routing solutions. Through its subsidiaries, Seed CX offers a licensed exchange for institutional trading and settlement of spot digital asset products, and plans to offer a market for CFTC-regulated digital asset derivatives. “We began working in […]
Seed CX’s digital asset exchange (SXCM) is now open 22 hours a day, five days a week. The firm plans to move to 23/7 trading in the near futures, and says that the goal of SCXM’s extended hours is to “provide global traders with greater flexibility for trading”, giving market participants the ability to buy […]
Seed CX has launched three stablecoins, PAX, USD Coin and TrueUSD, on its digital asset exchange. Through its subsidiaries, Seed CX offers a licensed, institutional exchange platform for trading digital assets, and plans to offer a market for Commodity Futures Trading Commission (CFTC)-regulated digital asset derivatives. The three stablecoins are set to begin trading against […]
TradAir customers will now be able to leverage the over-the-counter (OTC) trade settlement services for digital assets recently launched by Seed CX’s subsidiary, Zero Hash. The Zero Hash settlement service allows firms to settle both digital asset and fiat trades, widen the number of counterparties with whom they can trade and streamline reconciliation, reporting and […]
Zero Hash, Seed CX’s digital asset and fiat currency custodian subsidiary, has launched a suite of OTC trade settlement services for digital assets. The new settlement service aims to widen the number of counterparties that market participants can transact with, streamline reconciliation and reporting, and enable frictionless settlement of trades.At launch, Zero Hash supports spot settlement of 19 fiat pairs, in addition to BTC, ETH, LTC and BCH, and will be launching support for repos, forwards, and other product types in the coming months.
Seed CX, which through its subsidiaries offers a licensed exchange for the institutional trading and settlement of spot digital asset products, is now offering trading in bitcoin cash (BCH) and litecoin (LTC).Prior to this, Seed CX has offered spot trading in bitcoin (BTC) and ethereum (ETH) and the firm has plans to offer a market for Commodity Futures Trading Commission (CFTC)-regulated digital asset derivatives.“We’re very excited to have started live trading of BCH and LTC,” says Edward Woodford, co-founder and CEO of Seed CX, “and we’ll continue to offer more digital asset pairs in the coming months, giving institutional investors the ability to trade a variety of assets on an exchange that provides the market safeguards and technological infrastructure they demand.”
Edward Woodford, the co-founder of the trading venue Seed CX, talks about what it really means to offer an institutional grade platform in the rapidly evolving crypto market.
Profit & Loss: You recently secured $15 million of investment. There’s obviously a lot of crypto-related ventures out there looking for investment, what was the focus of your pitch?
Edward Woodford: The key is that we’re entirely focused on the institutional market, which in turn affects how we build our systems, how we build our products, and it dictates our entire outlook and approach. The trend that we see is more institutional players coming into this space, this institutional flow dominates retail flow, and we’re looking to service these institutions.