----BREAKING NEWS --------BREAKING NEWS ----

Seed CX Subsidiary Zero Hash Launches Support for Crypto Derivatives

Home » Seed CX Subsidiary Zero Hash Launches Support for Crypto Derivatives

Zero Hash, a calculation and settlement agent and subsidiary of cryptocurrency platform Seed CX, has added support for derivatives.

According to a press release published on Sept. 11, Zero Hash now allows the settlement of bilateral derivatives transactions and supports settlement functions for forwards.

The newly released service provides collateral management for derivatives, including options such as  “the calculation of variation margin, initial margin and final settlement values […] the sending of margin-call notifications.”

Expansion to new options

After procuring a virtual currency license from the United States Financial Crimes Enforcement Network in July, Zero Hash — which also received a money transmitter license — can now operate as a money transmitter for trading activity resulting from SCXM, which is its affiliated exchange.

Back in January, Seed CX also launched a digital asset wallet solution with on-chain settlement, developed together with Zero Hash. Seed CX stated then that dispersing digital asset holdings across multiple unique wallets helps to mitigate the risk of hackers accessing pooled assets via a single vector of attack.

Growing interest in crypto derivatives

Earlier in September, major cryptocurrency exchange Binance showed growing interest in the cryptocurrency derivatives market by acquiring JEX, a crypto-asset trading platform that offers spot and derivatives trading services.

In August, Dutch crypto derivatives exchange Deribit and U.S.-based trading communication platform Paradigm jointly launched a block trading solution.

American Crypto Association Exclusives!

Bookmark the site and sign up for relevant alerts, trading tips, masternode updates and important news hosted within our exclusive newsletter. Valued at $3,588, we are offering this service free for one year!

Get onboard now!

Exclusive Newsletter!

Sign up for exclusive trading tips, masternode updates and important news hosted within our newsletter!
!
!
Terms and Conditions checkbox is required.
Something went wrong. Please check your entries and try again.
Scroll to Top