RATE Group | Overstock Wants to Trade Traditional Stocks on tZERO Crypto App
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Overstock Wants to Trade Traditional Stocks on tZERO Crypto App

02 May Overstock Wants to Trade Traditional Stocks on tZERO Crypto App

Posted at 04:45h in Cryptocurrency News by

Overstock’s tZERO is seeking regulatory approval to trade blockchain-based securities and traditional stocks on its bitcoin exchange app, tZERO Crypto.

Announced during the online retail giant’s Q1 earnings call Thursday, the plan would grant tZERO Crypto’s users access to cryptocurrency, security token and traditional stock trading on a single platform, a regulatory feat none have accomplished yet. Overstock’s security token trading subsidiary is hoping to become the first to break that ground. 

tZERO Crypto is tZERO’s noncustodial exchange app supporting bitcoin, ethereum and ravencoin. It is currently separate from tZERO’s digital securities trading platform the tZERO Alternative Trading System (ATS).

The securities tZERO wants to trade are still recorded on a traditional central ledger, but a blockchain platform is used to act as a backup record.

Connecting tZERO Crypto’s fast-growing but relatively meager use base – the app had 6,404 accounts in Q1, a 40 percent…

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