TradeZero just announced that it has teamed up with Bitcoin serial entrepreneur Jered Kenna to create a dark pool exchange for bitcoin and eventually other cryptocurrencies. Kenna first introduced the concept of cryptocurrencies dark pool trading at his first bitcoin exchange, Tradehill, which operated during bitcoin’s early days (in the years 2011 to 2013).
TradeZero is a global platform that already allows commission-free stock and ETF trading, as well as the ability to trade equity and index options. “We are looking to provide the non US investor with the same access, tools and discounted commission structure that many US traders enjoy today,” said Daniel Pipitone, Director of TradeZero, Inc.
With this new venture TradeZero clients get access to commission-free dark pool digital currency trading, allowing them to make large purchases or sales without substantially moving the market price. There is currently a minimum opening balance of $10,000 or equivalent currency and it’s meant to appeal to those who are serious about trading bitcoin or building a portfolio with cryptocurrency.
“As larger mainstream investors wish to diversify from the stock market during this time of heightened global uncertainty and high P/E ratios, TradeZero will allow for making of sizeable trades without raising market price or alerting others to their positions,” noted Kenna. “I’ve been bullish on bitcoin since it was two cents and this platform is another great enabler in letting institutional and individual investors alike trade in bitcoin without market depth risk.”
(Photo: pixabay)
