Bain-Backed Crypto Exchange Seed CX Is Expanding to Asia
Chicago-based cryptocurrency exchange Seed CX, which Bain Capital backed last year, is expanding to Asia via a local partnership.
Seed CX is adding eight euro-denominated order books to its spot exchange, including bitcoin, ether and the U.S. dollar.
Zero Hash is launching support settlement services for bilateral derivative transactions.
Crypto derivatives platform Seed CX will be axing its exchange arm to focus solely on settlements, while also teasing additional funding from Bain Capital.
Seed CX has begun testing bitcoin margin swaps with users and is waiting on regulatory approval to launch them.
NYDFS has granted two BitLicenses to subsidiaries of Seed CX, allowing the company to offer crypto services to financial firms.