TradeStation Group, Inc., a Monex Group company, has declared its plans to enter the cryptocurrency markets in 2019 through its recently formed subsidiary, TradeStation Crypto, Inc. Although final details of the new product offering will not be released until later this year.
TradeStation Crypto intends to provide an online brokerage service focused on cryptocurrency traders and investors. TradeStation Crypto plans to leverage TradeStation’s securities and futures brokerage industry expertise to address what it perceives to be key concerns and certain weaknesses in the current cryptocurrency ecosystem.
“We believe investors and traders are seeking ways to access and trade cryptocurrency products similar to the way they trade traditional capital markets – and through a trusted and familiar brand and company,” said John Bartleman, President of TradeStation Group, Inc. “Our focus will be to provide the tools and services that serious traders require to trade across multiple asset classes, including crypto. TradeStation Crypto’s product offering should be a major leap forward in our ability to offer customers access to the next generation of assets for active trading under the TradeStation brand.”
The launch of TradeStation Crypto is the culmination of an aggressive push into the space that began in 2017, when TradeStation Securities, Inc. was among the first online brokers to add support for real-time market data for Bitcoin indices sourced by Cboe Global Markets and CME Group, and later to offer support for market data and order execution when CME and Cboe Futures launched their respective Bitcoin futures contracts. TradeStation was also among the first to provide its clients with real-time market data in its trading analysis platform for four of the world’s most popular cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
Traders interested in learning more about TradeStation Crypto as soon as the information becomes available are encouraged to sign up on the TradeStation Crypto “waitlist” available at tradestationcrypto.com.