Crypto Exchange Seed CX Opens Cryptocurrency Spot Trading For Institutional Investors

Announcements, News | January 24, 2019 By:

Cryptocurrency exchange Seed CX has introduced spot trading in digital assets, targeting institutional investors.

Seed CX is a licensed crypto exchange that aims to offer institutional trading and settlement for both spot market and derivatives regulated by the Commodity Futures Trading Commission (CFTC). The company has raised $25 million since its inception in 2015.

In its announcement, Seed CX said that it has launched an institutional-only cryptocurrency spot trading platform with “a deep book of liquidity.” Currently, the paltform only offers trading on BTC/USD, but will be expanding its offering to include ETH/USD, LTC/USD and BCH/USD pairs later this month.

“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. “We are getting very positive feedback from recently onboarded customers, and we are quickly onboarding more investors and trading firms from around the world.”

London-based digital asset trading group Wintermute Trading, said that they are excited about their early experiences with Seed CX and they expect to migrate more of their business to them, particularly as they bring on new pairs and regulated derivatives.

“What we see in Seed CX is an exchange that actually reflects how we think the markets should be: reliable, compliant, obsessed with client service, and focused on the sophisticated needs of institutional investors first and foremost,” said Evgeny Gaevoy, CEO of Wintermute Trading.