Online broker TradeStation lists six new coins including SHIB, MATIC, LINK

Online broker TradeStation lists six new coins including SHIB, MATIC, LINK
Updated: 20 Jul, 2022
2 mins read

With the cryptocurrency sector exponentially growing and its major assets becoming more popular around the world, crypto brokers are recognizing the opportunity and are constantly expanding their offerings with new digital coins.

One of them is crypto brokerage firm TradeStation Crypto, a subsidiary of TradeStation Group, Inc., which has recently introduced trading support for six additional tokens, including Shiba Inu (SHIB), Polygon (MATIC), Chainlink (LINK), Compound (COMP), Aave (AAVE), and Maker (MKR), the firm said in a press release on July 11.

James Putra, TradeStation Crypto’s Vice President at Product Strategy, expressed his firm’s enthusiasm about expanding the number of assets it supports, describing the selection process and announcing the introduction of more coins:

“Each coin was chosen for our platform following a rigorous selection process, weighing customer demand and market sentiment. (…) We are continuing to assess additional coins to further expand our services and serve our clients.”

Prior to the newest additions, TradeStation had already offered its clients support for trading Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and USD Coin (USDC).

TradeStation’s ongoing support for crypto

According to the press release, clients can trade all supported coins on the firm’s crypto web and mobile applications, alongside its suite of APIs that include both REST and FIX APIs. Furthermore, the press release stated that:

“For each trading pair, TradeStation Crypto aggregates multiple pools of liquidity in a consolidated market data feed combined with an intelligent order-routing system designed to give its clients enhanced visibility and trade execution.”

Interestingly, the crypto broker’s services also include owning digital assets as an alternative investment in a self-directed Individual Retirement Arrangement (IRA) through its platform. The firm stated that this “provides flexibility for individuals and investment advisers who aim to achieve greater diversification in their retirement accounts.”

Meanwhile, some crypto brokers aren’t doing as well as TradeStation, including Voyager Digital, which has filed for Chapter 11 Bankruptcy Protection as a result of the recent crypto market crash after limiting the daily withdrawal limit in late June. 

As a result, the Toronto Stock Exchange opened a delisting review of Voyager Digital on July 6, and its shares have since been “suspended immediately,” as Finbold reported.

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Ana Nicenko

Ana Nicenko has a plethora of knowledge and experience as a journalist covering the cryptocurrency and blockchain industries, having written for a variety of projects and organizations. Additionally, Ana has a master's degree in English Language and Literature. At Finbold, she reports news on the digital assets sector.