Online broker TradeStation announced the launch of a crypto-lending service

The institutional-investor–focused crypto trading platform TradeStation Crypto disclosed plans to launch a C2B2B service, Crypto Earn. It will enable financial institutions to attract loans from the company’s clients.

Launched in November, TradeStation Crypto is part of TradeStation Group, a provider of online brokerage services and trading technologies. TradeStation Group is a subsidiary of the Japanese broker Monex Group.

A mention of Crypto Earn is contained in report of the parent company on the results of the first fiscal quarter of 2020. The TradeStation site says that clients will be able to earn 2% annual interest on crypto assets put up as collateral. As of writing, this section of the resource was in development.

Initially, trading for clients of the cryptocurrency division was available in Bitcoin, Ethereum, Bitcoin Cash (BCH), Litecoin (LTC) and Ripple (XRP). In July, the platform introduced a mobile version and expanded the set of states in which its activities are regulated to forty.

Earlier in April, TradeStation Crypto integrated the order book from the institutional crypto-trading platform ErisX.

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