Institutional investors who have may have held back from trading digital assets due to concerns about regulatory oversight, technical reliability and conflicts of interest can now move forward with confidence, with today’s announcement that spot trading is now live on Seed CX.
Seed CX, which began onboarding trading firms late last year, has developed a deep book of liquidity providing for best execution and minimal slippage.
Through its subsidiaries, Seed CX offers a licensed exchange for institutional trading and settlement of spot digital asset products, and plans to offer a market for CFTC-regulated digital asset derivatives.
“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.”
Seed CX has opened trading on BTC/USD, and ETH/USD, LTC/USD and BCH/USD pairs will start trading later this month.
“We are excited about our early experiences with Seed CX and expect to be migrating more of our business to them, particularly as they bring on new pairs and regulated derivatives,” said Evgeny Gaevoy, CEO of Wintermute Trading, a London-based digital asset trading group. “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.”