TradeStation, an online broker-dealer and futures commission merchant, recently announced its subsidiary, TradeStation Crypto, has received additional state approvals. The platform reported that residents of Illinois, Rhode Island, Washington, and Wisconsin are now able to apply for a TradeStation Crypto account to trade cryptocurrencies.
TradeStation revealed instead of being a crypto exchange, TradeStation Crypto aggregates multiple pools of liquidity in a consolidated market data feed combined with an intelligent order-routing system to offer its customers what it believes is better visibility and trade execution. The company also explained that traders in Illinois, Rhode Island, Washington, and Wisconsin may trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and XRP.
Speaking about the additional state approvals, James Putra, Director of Product Strategy at TradeStation Crypto, further stated:
“We have a growing list of people waiting for us to offer crypto in their area, and our team is actively seeking additional state licenses to expand our coverage to more residents in qualified jurisdictions. Adding these states to our growing roster is a step in the right direction.”
TradeStation went on to add that other supported cryptocurrencies are planned to be added to TradeStation Crypto in the future.
