Prominent Crypto Wallet Provider, Ledger, Launches Tradelink: A Breakdown of Key Points
- Ledger has announced its latest venture into the world of institutional trading technology with Tradelink.
- Tradelink aims to revolutionize the landscape for asset managers, custodians, and exchanges/OTC.
- The technology allows trading on multiple exchanges without the need for on-chain liquidity re-balancing.
- Users maintain custodial ownership of assets while engaging in off-exchange trading.
- Tradelink seeks to mitigate trading collateral risks across various third-party platforms.
- It offers easy integration with preferred counter-parties and significantly reduces transaction fees.
- The launch will be accessible to Ledger Enterprise clients at no additional cost.
- Initial partners include Laser Digital, Hodl Group, Wyden, Crypto.com, Bitstamp, Huobi, and more.
- Recent security concerns have not deterred Ledger, as it recently closed a $109 Million Series C extension fundraising round.
- Ledger’s vision for Tradelink is to de-risk businesses and enable custodial trading for institutional investors.
With Tradelink, Ledger aims to empower asset managers, custodians, and exchanges in navigating the changing landscape of institutional trading with confidence. The company’s commitment to security, governance, transparency, and regulatory compliance positions it at the forefront of the evolving market.
Hot Take: Ledger’s entry into the institutional trading technology market with Tradelink is a significant development for the crypto industry. By providing an open network that enables custodial trading with exchange and custodial partners, Ledger aims to enhance control, security, and flexibility for enterprises. Despite recent security concerns, the company’s successful fundraising round demonstrates continued confidence in its capabilities and potential impact on the market.
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