The US-based crypto exchange Seed CX announced yesterday the launching of spot trading for institutional investors. Spot trading is the purchase or sale of a foreign currency (or, in this case, a cryptocurrency), a financial instrument or a commodity for instant delivery.
“There is no shortage of digital asset spot trading markets, but none have our vision for creating an institutional-grade experience across technology, operations and compliance,” — Said Edward Woodford, co-founder and CEO of Seed CX.
Seed CX launched spot trading for Bitcoin, pairing with US dollar, and will add Ethereum, Litecoin and Bitcoin Cash to this offer later this month. The exchange is also planning to expand its fiat pairs to Euro and Yen still this quarter.
And news do not end here: the regulated exchange further shared it will offer a market for cryptocurrency derivatives regulated by the United States Commodities and Futures Trading Commission (CFTC).
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