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Seed CX Launches Spot Bitcoin Trading in Bid for Big-Money Investors

Published 01/23/2019, 07:00 AM
Updated 01/23/2019, 07:08 AM
© Reuters.

Seed CX has taken its first big step to bring institutional investors to the crypto space.

The Chicago-based exchange startup announced Wednesday that it had launched a bitcoin spot trading market for its major clients, offering a regulated platform with "a deep book of liquidity." Interested clients can access the market through a web API, a graphical user interface or the financial information exchange (FIX) protocol, according to a press release.

Seed CX, which has raised $25 million since its inception in 2015, is now offering a licensed exchange for institutional trading and settlement. At some point in the near future, it will begin offering a market for crypto derivatives regulated by the U.S. Commodity Futures Trading Commission (CFTC).

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