Post-Trade Settlement will Allow Some Customers to Trade Prior to Making a Deposit.
Coinsetter bitcoin exchange, has announced the ability for “select business customers” to trade on margin accounts. and “post trade settlement”. Post-trade settlement allows customers to place trades on Coinsetter’s order book before making a deposit. This feature allows customers to trade without holding large balances on an exchange, and his described as thus limiting their exposure to third-party risks. Certain customers will now also be allowed to Short Bitcoin as well.
Jaron Lukasiewicz, CEO of Coinsetter, said:
“We have been testing a post-trade settlement offering with select business customers since December, and its value is apparent. Coinsetter’s business customers, many of whom represent important institutions in the bitcoin space, can now access liquidity without having to worry about bitcoins being hacked or USD holdings becoming tied up. The program also helps growing companies reduce their working capital burdens.”
Coinsetter believes its new features improve security and infrastructure in the bitcoin market – something that was tested last week in the fallout from the Bitstamp hacking attack. After depositing collateral in the form of bitcoin, Coinsetter will allow select businesses to buy and sell bitcoin on margin, settling balances after trades are executed. This model is aligned with the settlement method of exchanges in other markets on Wall Street.
“The experienced team at Coinsetter is committed to providing clients with the most advanced bitcoin
exchange in the world. The features announced today raise the bar even further.” Lukasiewicz added. “Our top priority remains security, and all users benefit from Coinsetter’s Securicoin technology. Bitcoins held in the Securicoin® system are contained in highly protected offline wallets that never directly touch the internet. Furthermore, a human is always involved to verify the validity of each withdrawal.” .
Coinsetter, founded in 2012, is described as “Wall Streets’ leading bitcoin exchange for firms and individuals”.