Ledger launched an institutional trading network to meet the risk management and regulatory requirements of financial institutions.

On June 28, cryptocurrency custody company Ledger announced the launch of Ledger Enterprise TRADELINK, a custody trading network for institutions looking to revolutionize the space.

According to Ledger, the cryptocurrency wallet company has struck deals with multiple partners to implement new projects that will remove unnecessary complexity from the regulatory oversight of the cryptocurrency market. Cryptocurrency companies and partners signed with Ledger include Bitstamp, Bitazza, CEX.IO, Coinsquare, Crypto.com, Damex, Flowdesk, Huobi, Uphold, NDAX, Wintermute and YouHodler.

Ledger significantly improves transaction security and speed

One of the most important benefits of Ledger Enterprise TRADELINK is that it leverages end-to-end hardware security and offers 100% self-storage. This eliminates exposure to third parties and enables emergency asset recovery. Additionally, it significantly reduces trading times by 80% and optimizes trading strategies. The best part is that nothing is charged for transactions performed on the platform.

Sebastien Badault, Ledger’s VP of Enterprise, said: interview Speaking to Coindesk, the company’s new solution will connect custodians, OTC brokers (outside exchanges) and exchanges, removing the regulatory risk that has recently wreaked havoc on U.S. crypto companies. .

Additionally, Ledger executives noted that the company is preparing to face an even tougher regulatory scenario in the cryptocurrency industry. Therefore, one of his ways of reducing operational risk is by aligning fund managers (individuals or companies that manage other people’s money) with multiple custody partners (organizations responsible for custody and protection of crypto assets).

“In the future, more regulation may be imposed on the ability to spread risk, so having multiple custody partners working with fund managers will undoubtedly be a great advantage.”

US Regulators Vs Crypto Industry

Recently, the SEC sued two major U.S. cryptocurrency exchanges, Binance and Coinbase, for violating securities laws, causing concern among many investors due to the influence of both exchanges.

But institutional investors don’t feel threatened by the US Securities and Exchange Commission (SEC). Recently, BlackRock, the world’s largest asset manager, submitted a registration application for a Bitcoin spot exchange-traded fund (ETF), reviving hopes that the fund would reapply for the ETF to regulators.

The news of BlackRock’s Bitcoin ETF sparked new filings from several large funds that had previously received a firm “no” from the SEC, including WisdomTree, Invesco and Valkyrie.

Therefore, despite the regulatory uncertainty caused by the SEC, Ledger’s new corporate trading network could facilitate trading for institutional investors.


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Marco T. Lantz

Marco is a passionate journalist with a deep addiction to cryptocurrencies and a keen interest in photography. He is interested in trading and market analysis. He has more than his 5 years of experience in cryptocurrency projects.

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