Paris-based crypto security firm Ledger has announced its expansion into the institutional trading space with the launch of Tradelink. The new trading network will allow custodial trading with select exchange and custodial partners, including Crypto.com, Bitstamp, Huobi, Wintermute, and Komainu.
Ledger is a well-known name in the cryptocurrency industry, specializing in providing secure storage solutions for digital assets. With the launch of Tradelink, the company is now venturing into the institutional trading sector, aiming to provide a secure and efficient platform for custodial trading.
Tradelink is described by Ledger as the first open network for custodial trading. This means that it is designed to allow different custodians and exchanges to connect and trade with each other seamlessly. It aims to provide a more efficient and streamlined trading experience for institutional clients.
With Tradelink, Ledger is partnering with several prominent players in the cryptocurrency industry, including Crypto.com, Bitstamp, Huobi, Wintermute, and Komainu. These partnerships will enable institutional investors to trade their digital assets securely and efficiently while leveraging the expertise and resources of these trusted entities.
The launch of Tradelink marks a significant step for Ledger in expanding its services beyond storage solutions. By entering the institutional trading space, the company is positioning itself as a comprehensive provider of cryptocurrency services, catering to the needs of both individual and institutional investors.
Custodial trading refers to the practice of trading digital assets through a trusted third-party custodian. This allows investors to securely store their assets with a custodian while still being able to trade them on various exchanges. Tradelink aims to simplify this process by creating an open network where custodians and exchanges can interact and facilitate trading seamlessly.
Security is a top priority for Ledger, and the company has built a strong reputation for its secure storage solutions. By expanding into the institutional trading space, Ledger is leveraging its expertise in security to provide a safe and reliable platform for institutional investors to trade their digital assets.
Overall, the launch of Tradelink by Ledger represents a significant development in the institutional trading sector of the cryptocurrency industry. With its open network for custodial trading, Ledger aims to provide institutional investors with a secure and efficient platform to trade their digital assets. By partnering with well-established companies in the industry, Ledger is positioning itself as a comprehensive provider of cryptocurrency services, catering to the needs of both individual and institutional investors.
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