The Post Trade: Settlement solutions are popping up in crypto, but large traders aren't impressed
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Quick Take
- Gemini, Seed CX, and BitGo are among the crypto firms looking to offer settlement solutions to OTC traders
- Settlement and clearing are common in equity markets with firms like DTCC serving as the back office of Wall Street’s back office
- Still, OTC traders in cryptocurrency markets prefer to trade bilaterally — executing, clearing, and settling trades with their own systems
On the surface, the bitcoin trading world doesn’t look that different from that of equities. Both have traders, exchanges, and custodians facilitating the storage and trading of assets. Most people want to make money, of course. But a quick look under the hood reveals two very different market structures. In U.S. equities, after a trade […]
accessprotocol.co
Subscribe for Premium Content
To unlock this and other Premium content, subscribe via Access Protocol. You can pay with SOL.
