New Litecoin and Bitcoin Cash Currency Pairs Are Available for Institutional Clients on Seed CX
Seed CX, a crypto exchange operator, has announced today that it would launch several new currency pairs. At the moment, the options for the company’s customers are actually pretty limited since they do not include a lot of options. However, the change will introduce two new trading pairs for institutional investors: Bitcoin Cash (BCH / USD) and Litecoin (LTC / USD).
Edward Woodford, the co-founder and CEO of the trading company, has affirmed that Seed CX is considerably excited to start the live trading of the two new popular assets.
According to the CEO of Seed CX, the company is set on a path to continue offering more digital asset pairs for the customers in the next few months, which will enhance the capabilities of the investors and give the institutional investors a greater variety of assets. The company has also promised to create new safeguards which are meant to keep trading as safe as possible.
Seed CX has announced spot trading two months ago, so adding more cryptocurrencies now seems like the best move for the company’s mission. This company claims that it is the first crypto exchange to offer institutional-only settings which cater to companies that want to trade digital assets. Seed CX also offers a wallet service for its customers, so that they will not need to use third-party services for that.
This company has been targeting institutional investors mostly for a long time, since its founding in 2016. However, there is certainly a larger move of companies that are getting interested in these investors because they have a lot more money than the retail ones.
In fact, several retail investors left the crypto industry during 2018, which has made some crypto companies decide that the only way to move their business in the right direction was to start pursuing these investors.
At the time of this report, Litecoin is the fourth largest token in the market with a cap of $3,67 billion USD and the price of around $60 USD. It is only behind Bitcoin, Ethereum and Ripple’s XRP. Bitcoin Cash remains in the sixth position with a cap of $2,87 billion USD and a price of $162 USD. It is behind EOS, which is the fifth largest token.