TradeStation Launches Brokerage-Style Crypto Platform in the US

TradeStation Group, the US subsidiary of Japanese financial services giant Monex Group, is going live with its cryptocurrency brokerage offering under the brand name TradeStation Crypto.

For the new offshoot, TradeStation leverages its brokerage industry expertise to address what it perceives to be key concerns and certain weaknesses in the current cryptocurrency ecosystem. Monex has previously filed a money service business registration with each state regulator. A money transmittal license (MTL) allows the venue to offer both crypto-to-crypto and fiat-to-crypto trading pairs.

“As the reliable brokerage brand for active and serious self-directed online traders since 2001, we now seek to extend the same kind of benefits to TradeStation Crypto customers under one umbrella,” said John Bartleman, President of TradeStation Group

TradeStation Crypto will initially support five major 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 - Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP). However, the digital asset broker said its traders in ‘approved states and countries’ will be able soon to trade other supported crypto coins in the future.

A dedicated offering for institutional ‎investors

Tailor-made for crypto traders, the platform uses global integrations to create a wide pool of 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 sources that enable better price discovery and transparency. TradeStation Crypto also promotes its crypto desk as helping traders avoid lengthy transactions on traditional exchanges, as well as avoid fees charged by other platforms for instant large volume trades.

“Instead of being a crypto exchange, which is typically a fragmented, self-contained market universe, TradeStation Crypto's approach is to aggregate multiple pools of liquidity in a consolidated market datafeed combined with an intelligent order-routing system to give its customers better visibility and trade execution,” it said.

TradeStation Crypto also provides a dedicated platform to ‎facilitate cryptocurrency trading for institutional ‎investors. In addition to personalized support, the offering secures a one-stop platform for ‎market data aggregation, execution strategy, and back-testing environment, as well as ‎smart order routing and advanced execution algos.‎

Monex Group already has a diverse portfolio of brokerages worldwide though it was rumored to be making a big splash in cryptocurrency markets. Earlier last year, Monex set up its own cryptocurrencies unit to study the opportunities in the sector.

After helping Coincheck remain in business, Monex revealed plans to gain a foothold in the US cryptocurrency market with a dedicated offering that caters mainly to institutional investors and build on top of over two million accounts it holds worldwide.