Customers can now deposit and trade their cryptocurrencies while simultaneously earning interest on eligible assets(TradeStation )
TradeStation Crypto, Inc., a subsidiary of TradeStation Group, Inc., introduced a series of new features to its crypto brokerage offering, including crypto deposits and withdrawals, new interest-earning capabilities on eligible assets, ability to track profit and loss (P&L), and mobile trading through the TradeStation mobile app. The added features underscore TradeStation Crypto’s commitment to constant innovation and providing its customers with sophisticated offerings and technology to support their needs and investment objectives.
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With these new enhancements, crypto investors can not only buy and sell crypto, but can now deposit cryptocurrencies they already own. In addition, customers can earn interest on eligible assets simultaneously, without locking up their crypto. When combined with other traditional investment products – such as equities, options and futures – available to traders through another subsidiary Securities, Inc., the Group brand provides an all-in-one experience for investors and traders, a key differentiator in the crypto space.
“The current ultra-low interest rate environment has made it difficult for investors to earn interest on traditional products, which may incentivize certain investors to explore adding crypto to their portfolio,” said James Putra, Senior Director of Product Strategy at TradeStation Crypto. “Now, and for the first time, TradeStation Crypto customers can earn interest on their eligible crypto balances whether they’re actively trading or sitting on the sidelines during times of market volatility. Cryptocurrency interest could be a real game-changer,” said Putra.
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The series of enhancements also includes P&L functionality. “We have one of the first crypto trading platforms with a feature that allows traders to instantly see their unrealized P&L to gain a better understanding of the status of their TradeStation Crypto account,” said Putra.
Additionally, TradeStation Crypto introduced mobile app trading capabilities to complement the features and benefits of the Crypto platform. Investors and traders will enjoy augmented flexibility by taking the power of the TradeStation Crypto platform wherever they go.
