Ledger Unveils Tradelink: A Custodial Crypto Trading Platform Tailored for Institutions

On June 28, the crypto {hardware} pockets producer and safety agency Ledger unveiled its newest providing, a digital foreign money alternate and custodial resolution service, particularly tailor-made for establishments. The new service, referred to as Tradelink, has been heralded by Ledger as “the first open network to enable custodial trading via exchange and custodial partners.”

Ledger Targets Institutions With Tradelink Launch

The safety agency and crypto {hardware} producer Ledger introduced the launch of a brand new service on Wednesday that targets institutional traders. According to the corporate, the Ledger Enterprise Tradelink service will allow “off-exchange trading,” “enhanced security,” “distribution of risk,” “zero transaction fees,” and “faster and more efficient trading.”

Ledger particulars that it has partnered with a slew of asset managers and market makers reminiscent of Hodl Group, Wyden, Wintermute, Coinsquare, NDAX, Damex, Bitazza, Flowdesk, YouHodler, Crypto.com, Bitstamp, Huobi, Uphold Institutional, and Cex.io. Furthermore, Ledger partnered with regulated custodians reminiscent of Komainu, Tetratrust, Etana, Crypto Garage, Damex, and Kryptodian as nicely.

“We are creating a future-proof solution that will give Ledger Enterprise customers flexibility and security allowing institutions to de-risk their businesses,” the chairman and CEO of Ledger Pascal Gauthier detailed in a press release despatched to Bitcoin.com News. “By unlocking better trading options for enterprises, we are empowering asset managers, custodians, and exchanges to navigate the changing landscape with confidence while making the whole ecosystem a safer and more transparent place,” Gauthier added.

Ledger’s newest service comes off the heels of the agency’s $109 million fundraising announcement on the finish of March 2023. Furthermore, Ledger revealed a brand new {hardware} pockets on the finish of 2022 referred to as the Ledger Stax, which was designed by iPod creator Tony Fadell. The firm faced backlash for a controversial backup software it launched however later disclosed it will work towards open-sourcing its code as a lot as doable. “So, we’ve made the choice to speed up the open-sourcing roadmap,” Gauthier said on the time.

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