Ledger Launches Institutional Trading Platform for Crypto Custody

Cryptocurrency custody firm Ledger is moving into the institutional trading market with the launch of Ledger Enterprise TRADELINK, an open network designed to facilitate custodial trading through specific exchanges and partners.

Ledger, widely known for its cryptocurrency hardware storage devices, intends to offer an enterprise-grade trading platform that meets investors’ risk management and regulatory standards.

Crypto exchanges and Over The Counter (OTC) brokers like as Crypto.com, Bitstamp, Huobi, CEX.IO, Wintermute, and Coinsquare, among others, will support the Tradelink network. Asset managers such as Laser Digital and Hodl Group, as well as the digital asset trading platform Wyden, are among the other partners.

One of the most notable benefits of Ledger Enterprise TRADELINK is that it uses end-to-end hardware security, allowing for complete self-custody. This reduces vulnerability to third parties and enables for asset recovery in the event of an emergency.

“It is this core security foundation that can now be used to reduce counterparty risk and enable custodial trading for institutional investors” said Ledger VP of Enterprise Revenue Sebastien Badault in a blog post.

Furthermore, it cuts transaction speeds by 80%, optimizing trading techniques, and does not charge any fees for transactions conducted on the platform.

Ledger’s entry into institutional trading comes at a time when there are growing worries about transparency and regulatory compliance in the cryptocurrency markets. FTX’s bankruptcy and recent charges filed by US regulators against Binance and Coinbase for breaking securities laws have increased concerns about the stability of the market’s infrastructure.