The US institutional cryptocurrency exchange Seed CX has entered into a partnership with Singapore based fintech company Hydra X. This is about the launch of its trading services in Asia, as Seed CX announced this in a press release.
According to the announcement, Seed CX is now on the list of supported digital asset trading venues offered on the Sigma trading platform of Hydra X. This is currently in the public beta phase. The partnership will also allow institutional sigma users access to Seed CX’s Fiat-crypto gateway.
Seed CX is a licensed digital asset exchange focused on the spot market and derivatives regulated by CFTC. As Cointelegraph reported at the time, Seed CX invested about 13.3 million euros in a round of financing in September last year. An alternative investment firm Bain Capital led this company.
In January, the stock market launched an on-chain wallet and a spot trading solution. Both solutions were limited to institutional clients.
An analysis released earlier this week by crypto index fund provider Bitwise Asset Management. There mentioned that 95 percent of the volume of unregulated stock exchanges seemed counterfeit or non-economic in nature.
Also published on Medium.