Based in Chicago cryptocurrency exchange Seed CX launched spot trading in the pair EUR/USD for institutional investors. Representatives of the platform claims to have the necessary licenses to provide digital assets, as well as plans to add support for regulated by the Commission on urgent exchange trade of the USA (CFTC) derivatives based on these assets.
The Seed CX team is excited to announce its successful launch of spot trading for digital assets — we are the first US digital asset exchange built exclusively for the needs of institutions https://t.co/jM8NRRK3LU
— Seed (@SeedCX) January 23, 2019
The press release says that the Seed CX actively attracts trading firms and large investors, who allegedly celebrated the advantages of a platform in the issues of legal compliance, service quality and trading arrangements for institucionales.
Note that soon a listing will appear of a pair of ETH/USD, LTC/USD and BCH/USD. In the middle of the first quarter of 2019, the exchange also intends to add support for the Euro and the Japanese yen.
Seed CX offers the customers to trade via FIX Protocol, graphical user interface (GUI) and web API. At the same time, the exchange offers margin instruments and dollar deposits are stored in U.S. banks and insured by the Federal Corporation on insurance of contributions (FDIC).
Add Seed CX has its own custodial infrastructure for digital assets.
It is noteworthy that the exchange does not charge any fees for Deposit/withdrawal of cryptocurrency and Fiat money, and also claims that taker-the Commission — the lowest in the industry.
We will remind, earlier Seed CX raises $15 million from Bain Capital Ventures under the financing round of Serie B.