Overstock's tZERO Launches Crypto App for Android Devices

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 Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the software to trade one of the two supported 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. This limited selection of Bitcoin and Ethereum will be expanded in the future, the company said.

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.

“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.