NFA-Regulated Edgewater Markets To Roll Out A Digital Asset Trading Platform, Crypto Prime Trader
NFA-Regulated Edgewater Markets To Roll Out A Digital Asset Trading Platform
National Futures Association-regulated, Forex liquidity company, Edgewater Markets, have delved into the burgeoning world of cryptocurrency trading. In readiness for all the relevant approval permits, the New York City-headquartered firm just launched Edgewater Digital Technologies.
Edgewater Digital, according to an announcement, is the forerunner of their forthcoming digital asset trading platform which will be known as Crypto Prime Trader. And even though the platform isn’t ready yet, once it starts operating, investors will enjoy access to the crypto assets market. Edgewater Digital will serve as the platform where all transactions will be taking place, even though it will also be an on-ramp for crypto trading.
Part of the company’s efforts to ensure they launch Crypto Prime Trader platform as soon as possible is evidenced by the amount of resources and personnel it has dedicated to it. Edgewater Digital Technologies have invested a handsome amount of capital, cutting-edge trading technology, and seasoned personnel.
Edgewater Markets CEO Believes They’ll Be a Success
Speaking on the launch, the co-founder and CEO of Edgewater Markets, Skovran Schreder, expressed confidence in the soon-to-be-launched platform. He said that the mainstream crypto market will soon have several companies co-existing, just like it is in the conventional fiat trading market.
Schreder believes that between the next 12 and 18 months, the largest platforms will be fully operating. And given the fiat trading experience, their firm already has, coupled with their tech know-how and tightknit customer rapport, he believes Edgewater Digital Technologies is at the pole position to be just that.
Before rolling out the new firm, the company had started offering preferred equity worth up to $25 million to its Accredited Investors, albeit in a private placement. It still does the same, in accordance with the Exemption 506(c) of the 1933 Act with the funds often issued in form of operating capital. It also issues the same in the basis of further development as well as adaptation of their technology platform.
This whole initiative, according to the company’s CEO, is meant to further boost the growth of cryptocurrency asset trading, primarily using the company’s expertise and tech know-how. He said that all the actions are meant to help grow the crypto industry.
Financial Industry Regulatory Authority and Securities Investor Protection Corporation member companies, Rialto Trading Network and VENTURE.co Brokerage Services are part of the whole arrangement. The former acts as managing Broker-Dealer, while VENTURE.co serves as the co-manager.