Tradestation, a United States-based broker, will be starting its own cryptocurrency loan service. This was made public and published in the company’s earning account for this month. The proposed loan service will lend institutions the crypto assets it borrows from customers.
Since the opening of their application in July, cryptocurrency transactions and trades are available in forty states in the United States.
This new service has added another financial loan firm to the cryptocurrency loan industry thus increasing competition in the industry.
Tradestation president, while responding to the media, stated that the company was targeting corporate investors and traders.
Unlike Robinhood, whose target are retail traders, Tradestation is more interested in specialized investors.
Last two years, they invested in ErisX, a cryptocurrency firm based in Chicago. Their goal is to introduce cryptocurrency to the world of regular purchasing and trading.
Source: Cointelegraph
