TradeStation Launches Its Crypto Offering in Puerto Rico

The American online broker, TradeStation announced on Thursday that residents from Puerto Rico are now eligible to apply for crypto accounts on the platform. According to the press release, crypto trading is available on the island and much of the US.

Additionally, TradeStation Securities, Inc. is licensed and permitted to do business in Puerto Rico, giving TradeStation Securities customers access to trade stocks, ETFs, options and futures.

“We are excited to be expanding into Puerto Rico as adoption of digital assets continues to grow. We believe that Puerto Rico has a strong reputation supporting crypto, and we’re looking forward to being part of the momentum surrounding their crypto community. We feel TradeStation offers clients the best of both worlds, a trusted brand that’s been serving traders for over 30-years combined with innovative products and technology to access the crypto market,” James Putra, the Vice President of Product Strategy at TradeStation Crypto, commented on the announcement.

Cryptos Available

Trades in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and USD Coin (USDC) can now be done in Puerto Rico and previously approved states. There will be additional crypto coins supported by TradeStation Crypto in the future, as well as other jurisdictions.

Among cryptocurrency exchanges, TradeStation Crypto aggregates multiple 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 pools into one consolidated market data feed coupled with an intelligent order-routing system designed to give its customers better visibility and execution, which is a different strategy when compared to other exchanges.

Additionally, Puerto Rico’s customers have the option of owning cryptocurrency in an Individual Retirement Account (IRA) at TradeStation.

Early this month, TradeStation reported a 15.6% yearly drop in daily average revenue trades (DARTs) that came in at 242,846.

However, the latest DARTs remained almost flat month-over-month with a marginal rise of 1.5%. Additionally, February’s absolute DARTs figure is the highest since last April.