TradeStation, an online broker-dealer and futures commission merchant, announced on Thursday it is now providing access to its services to traders in Minnesota, Mississippi, and Ohio. Residents of these states may now be able to apply for an account on the TradeStation brokerage platform in order to trade cryptocurrencies and earn up to 6% per annum interest on eligible cryptocurrencies.
As previously reported, 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.
“TradeStation Crypto believes it is the first crypto offering that uses the true online brokerage model that self-directed traders have come to expect for other asset classes, including equities, options and futures.”
TradeStation further revealed that residents in Minnesota, Mississippi, Ohio and previously approved states may apply to trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and USD Coin (USDC). Other supported crypto coins and approved territories are planned to be added to TradeStation Crypto in the future. James Putra, Senior Director, Product Strategy at TradeStation Crypto, went on to add:
“We are excited that traders in Minnesota, Mississippi and Ohio can now participate in the cryptocurrencies markets through the TradeStation Crypto platform. We continue to expand access to the TradeStation Crypto platform and provide an award-winning** crypto trading experience as adoption of digital assets continues to grow.”