TradeStation Unveils Crypto Trading Platform in the US
Brokerage firm Monex Group’s US subsidiary TradeStation Group, is facilitating cryptocurrency trading with the launch of TradeStation Crypto. Japan based Monex Group offers financial services across in the US, Japan, Mexico and the Europe.
TradeStation capitalizes on the brokerage business expertise of its parent company to resolve what it believes to be major concerns and cons in the prevailing crypto environment.
Earlier, Monex had applied for a money service license with all state regulators. With a money transmittal license (MTL) in place, a platform is allowed to offer both crypto-to-crypto and fiat-to-crypto pairs for trading.
John Bartleman, President of TradeStation Group, highlighted the top quality service offered to the clients:
“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.”
To begin with, TradeStation will list five major cryptos, namely Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Bitcoin Cash (BCH). In the future, the platform will start offering other cryptos in ‘approved states and countries.’
The platform, customized for crypto traders, utilizes partnerships across the globe to bring sufficient liquidity and facilitate better price discovery in a transparent manner. TradeStation Crypto also highlights that its crypto desk enables placing large volume orders without additional charges.
In a statement, TradeStation explained how its platform is different from other cryptocurrency exchanges.
“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.”
The exclusive TradeStation crypto platform supporting cryptocurrency trading is focused on institutional investors. Other than personalized assistance, the brokerage firm boasts of offering a platform that aggregates market data, strategy creation, back-testing, also smart order routing and advanced trade handling algos.
Monex Group, which established a crypto division last year to explore opportunities, runs a plethora of brokerage firms across the globe. After aiding Coincheck to stay in business, Monex disclosed its intention to enter the US crypto market through a unique offering that satisfies institutional investors and grow further from its prevailing customer base of two million.