TradeStation, which is a well-known online broker and futures commission company has started to enter the cryptocurrency market. The company has recently decided to add market data displayed in real time for four of the most popular cryptocurrencies in the world at the moment.
TradeStation has made a deal with GDAX, which is part of Coinbase, to display this data on its site. TradeStation has chosen to display the market data of the most popular tokens, naturally, which are Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
The information was given to the press by John Bartleman, president of TradeStation. He states that, as Bitcoin now have future contracts, it is very useful to have this type of information on display for its clients.
Not only buyers of Bitcoin futures, but also banks and credit card lenders can beneficiate from the data, Bartleman states, as many of these companies can be indirectly impacted by the rise in the price of these cryptocurrencies.
Unfortunately, the president of TradeStation did not state a precise date for the implementation of these features.
TradeStation Gets Closer To Crypto With GDAX
This is a step which will lead the company to be more closely related to the cryptocurrency market. As the price in Bitcoin rose at the beginning of the year, more and more companies are getting interested in this market. The company stated that this is an important step to broaden the range of TradeStation's appeal and its reach in markets beyond the classical assets that the company works with.
Only the future will tell how close TradeStation will be to really enter the cryptocurrency market, but the company has slowly done so. Last year, it added real-time market data about the Bitcoin market after the CME Group started to sell Bitcoin futures.