Seed CX’s digital asset exchange (SXCM) is now open 22 hours a day, five days a week. The firm plans 23/7 in June, 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 or sell digital assets across all […]
Tag: Seed CX
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.