Despite explosive third-quarter growth in the security token sector, Overstock (NASDAQ:OSTK)’s Q3 2020 earnings report reveals that its tZERO alternative trading system (ATS) has continued to lose money.
The ATS specializes in security tokens, consistently hosting more than 95% of the sector’s monthly trade volumes. tZERO saw dramatic growth in recent months, with monthly volume growing from less than $1 million in May to push $21.8 worth of trade in August — before sliding back to $9 million in September.