GuavaTech Provides Crypto Asset Trading Option with Seed CX Exchange Partnership
GuavaTech is a financial institution providing a variety of financial services to its clients. Now the firm has decided to include crypto asset trading options for its clients with its latest partnership with the Chicago-based crypto exchange Seed CX.
The new partnership would allow the GuavaTech clients to get access to a wider range of cryptocurrency markets and various key liquidity venues as well. The partnership would enable the clients to expand their trading strategies and portfolio to a number of new digital assets.
SeedCX is a regulated crypto exchange which offers derivatives through its CFTC approved swap execution facility. The company is looking to acquire a Bitlicense in order to bring crypto services to New York. In order to operate in the United States, companies need to acquire a Bitlicense in order to provide any crypto services.
How Does SeedCX Operate?
Seed basically works with its various banking settlement relationships to provide margined products as well as settlement mechanisms for physical and derivative products. SeedCX also provides various custodial services for a range of cryptocurrencies and fiat assets.
The seed has been making waves with the addition of a variety of crypto-related services. In January the firm announced the launch of its spot trading for institutional investors looking to expand their portfolio into digital assets. Only last week Seed also entered into a partnership with Singapore-based fintech startup Hydra X, which would allow the exchange to be listed among the various multi-asset trading platform by Hydra X.
Seed CX is looking to become the forex broker of the crypto space with a number of currencies supported on the platform and various trading pairs that the exchange offer. The exchange is primarily focused on serving the institutional investors looking to expand their trading portfolio to crypto and digital assets.
Recently, the Chief Strategy Officer of SeedCX Sam Tegel participated in Finance Magnates London Summit, where he divulged in the analysis of price discovery, liquidity, and hedging in different crypto trading models for better options for the consumers.
GuavaTech is Quite Optimistic Over their Partnership With SeedCX
GauvaTech the financial institution which has partnered with SeedCX to help its institutional investors to have a much broader trading option, and the company is quite elated with the recent partnership.
Michael Pappas, SVP of Business Development at GuavaTech, said,
“We are pleased to offer our clients the capability to connect to Seed CX. GuavaTech’s proven global network and expansive customer base provide a robust connectivity option for Seed CX’s digital asset exchange. With the addition of Seed CX, GuavaTech continues to deliver the growth and flexibility that our clients require to expand and diversify their trading strategies.”
Guava Tech deals with providing its clients with completely-managed technology services and global network connectivity to provide business associates with a plethora of opportunities. The investment firm also provides synergies for its clients base, which includes proprietary trading firms, investment banks, hedge funds, broker/dealers and FCMs.
The recent partnership of Guava Tech and Seed CX is a clear indication of the times to come. Recently, there has been a great surge in the interest of traditional investors and institutional firms towards the crypto space and the variety of opportunity that it provides. Major institutional banks have also started or planning to start offering crypto services to their clients.
Most of the transformation and bridging of the gap between institutional investors and digital asset comes from the fact that people have realized that the future lies in digitization and decentralization. Another factor which has driven the adoption and narrowing the gap between the traditional and crypto space can be attributed to the stability of the crypto markets. Earlier the traditional players kept their distance since the high-risks and volatility does not make crypto a great trading asset for them.