Coinsetter, a reputable New York based Bitcoin exchange, has added margin and shorting, as well as the ability to minimize capital held on a Bitcoin exchange to businesses and market makers. This move is a response to security breaches that have weakened the Bitcoin market.…
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Jaron Lukasiewicz, CEO of Coinsetter, said:
“We have been testing a post-trade settlement offering with select business customers since December, and its value is apparent. Coinsetter’s business customers, many of whom represent important institutions in the bitcoin space, can now access liquidity without having to worry about bitcoins being hacked or USD holdings becoming tied up. The program also helps growing companies reduce their working capital burdens.”
In addition to the post-trade settlement feature, designated market makers will now be able to take short positions on Bitcoin. These features add to the features already available which allow for professional trading. Lukasiewicz added:
“The experienced team at Coinsetter is committed to providing clients with the most advanced bitcoin exchange in the world. The features announced today raise the bar even further. Our top priority remains security, and all users benefit from Coinsetter’s Securicoin technology. Bitcoins held in the Securicoin system are contained in highly protected offline wallets that never directly touch the internet. Furthermore, a human is always involved to verify the validity of each withdrawal.”
Coinsetter’s new initiative will provide additional security for traders as well as potentially shift the way exchanges do business. By minimizing the capital held on exchanges, traders can feel more confident in their trades.
Images from Coinsetter and Shutterstock.
Last modified: January 25, 2020 10:08 PM UTC