The company will eventually open the exchange to other digital currencies such as ether and litecoin.
TradeZero has partnered with Jered Kenna, one of the earliest bitcoin investors and founder of the bitcoin malesia tipu defunct bitcoin exchange called Tradehill, for the venture.
Dark pools refer to trading outside the exchange done by large institutional investors.
Off-exchange trading can make up about 40 percent of all U. The company said customers will bitcoin tradehill access commission-free dark pool digital currency trading, allowing them to make large purchases or sales without substantially moving the market price. TradeZero already allows commission-free stock and ETF trading, as well as equity and index options.
Kenna said when he launched Bitcoin tradehill in the early days of bitcoin, the exchange offered a dark pool, but the company was never able to fund a bank to act as custodian for the fiat currencies, dollars and euro, arising from the bitcoin trades. TradeZero will use a pre-existing bank for the fiat currencies, but Kenna declined to disclose the name of the bank.
Kenna was one of the earliest and larger holders of bitcoin. Bitcoin tradehill initial purchase of 5, coins was for 20 cents each. Cosa leggere in seguito.