TradeZero launched the first dark pool Bitcoin

in #crypto-news8 years ago


TradeZero, online broker, located in the Bahamas, on the eve launched the world's first "dark pool" Bitcoin exchange to allow institutional investors to make large transactions.

The company plans ultimately discover and exchange other digital currency, such as ether and litecoin.

TradeZero has partnered with Jared Kenna, one of the first Bitcoin investor and the founder of the now defunct exchanger Tradehill.

Dark pools are trading outside the stock exchange held by large institutional investors. OTC trading account for about 40 percent of all stock trading in the US.

"We plan to provide a non-US investors the same access, which currently have the US, including reduced commission"

  • Said Daniel Pipiton, director TradeZero, in a statement.

The company said that customers have access to the Commission without the dark pool of digital currency, which will allow them to make large purchases or sales without a significant difference with the market price.

"If you want to see more major players committing bids with Bitcoin, and it does not violate the balance of the market, the dark pools are essential"

  • Kenna said in an interview.

"I think it will bring stability to the market"
According to him, currently requires a minimum opening balance of $ 10,000 to be able to trade on the exchange dark pool.

Kenna was one of the earliest and largest holders of Bitcoin. His initial acquisition - 5,000 coins, bought for 20 cents apiece.

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