Monex Ventures into the US Crypto Market Through Its TradeStation Crypto Subsidiary
A subsidiary of Monex Group, a financial service company based in Japan, TradeStation Group will be launching in the United States as a crypto brokerage company. TradeStation Crypto enters the U.S market to address the current weaknesses and concerns in the crypto ecosystem.
Monex Group has gathered brokerage expertise over the last 18 years since its launch in 2001. The company has been registered in each state to operate a money service enterprise, Money Transmittal License, a platform that will support fiat/crypto and crypto/crypto trading pairs.
Initially, TradeStation Crypto will only support five digital currencies, among them being Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH). However, the brokerage company will soon add other crypto digital assets for their customers to trade-in.
TradeStation Crypto exchange platform is based on global integrations that create a large pool of liquidity. With a large liquidity source, the company will be in a position to discover better prices and at the same time, enhance transparency. The company also goes the extra mile to help its clients avoid the long transaction processes associated with the traditional exchanges.
With TradeStation Crypto, investors will not have to pay fees for large volume trades like is the case with other platforms.
“TradeStation Crypto is not just an ordinary crypto exchange like any other. The company focuses on integrating an order-routing system with multiple liquidity pools to offer its clients a better trade execution and visibility.”
The Crypto exchange is an ideal platform for cryptocurrency trading by institutional investors. The platform facilitates secure market data aggregation, execution algos, back-testing, and execution strategies.
Monex has developed a diversified worldwide crypto brokerage portfolio in the cryptocurrency industry. At the beginning of the year, the company launched a crypto unit with the purpose of studying available opportunities in the industry.
Monex targets Institutional investors in the U.S market. The company is planning to develop a firm grip of the cryptocurrency market by building on the over2,000,000 accounts trading in the exchange.