TradeStation Crypto Exits Spot Cryptocurrency Market: Key Information for Investors
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January 18, 2024 10:11 AM |
2 min read
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TradeStation Crypto, part of TradeStation Group, revealed on Thursday its plan to withdraw from the direct cryptocurrency trading realm, signifying a pivotal alteration to its direction and method within the realm of digital assets.
Recognized for its sophisticated electronic trading solutions aimed at active traders and selective institutional markets, TradeStation is a notable figure in the trading sphere.
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The firm, which is well-versed in the trade of stocks, futures, and options, had branched out into cryptocurrency transactions, striving to furnish crypto investors with an advanced, reliable platform.
In a statement from TradeStation’s Business Development Team, it was indicated that the company would halt all new crypto account openings and customer deposits immediately.
Furthermore, all transactions and withdrawals in clients’ accounts at TradeStation Crypto are set to cease conclusively at 5 p.m. ET on Feb. 22, 2024.
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This strategic move away from the direct cryptocurrency trading market pertains strictly to TradeStation Crypto, leaving TradeStation Securities unaffected.
TradeStation Securities will persist in accommodating services for traded futures, stocks, exchange-listed products (e.g., ETFs, ETNs), and stock
options affiliated with crypto on regulated securities and futures exchanges.
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