New York Grants Bitlicense to Institutional Crypto Exchange Seed CX
NYDFS has granted two BitLicenses to subsidiaries of Seed CX, allowing the company to offer crypto services to financial firms.
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 is adding eight euro-denominated order books to its spot exchange, including bitcoin, ether and the U.S. dollar.
Three trading platforms focused on the retail market have participated in the $4.75 million Series C for a crypto settlement service.
Zero Hash is launching support settlement services for bilateral derivative transactions.
Seed CX has begun testing bitcoin margin swaps with users and is waiting on regulatory approval to launch them.