Seed CX, United States-based institutional cryptocurrency exchange has partnered with Singapore-based fintech company Hydra X to offer its trading service in Asia. Seed CX announced this on March, 21st.
According to the announcement, Seed CX will join the list of supported digital asset trading venues available on the Sigma trading platform offered by Hydra X, which is currently in public beta. The partnership will also allow institutional Sigma users to access Seed CX’s fiat-crypto gateway.
Seed CX is a licensed digital asset exchange for both spot market and U.S. Commodities and Futures Trading Commission (CFTC)-regulated derivatives.
In January, the exchange (Seed CX) launched an on-chain wallet solution and then also spot trading, with both solutions limited to institutional clients.
According to an analysis released earlier this week by crypto index fund provider Bitwise Asset Management argued that 95 percent of volume on unregulated exchanges appears to be fake.