Ledger unveils trading platform for institutional clients

The maker of hardware wallets Ledger has announced the launch of a trading platform for institutional clients — Tradelink.

? Exciting news for the world of institutional trading! Introducing Ledger Enterprise TRADELINK, the groundbreaking open network revolutionizing custodial trading via exchanges and partners. Get ready for a game-changing leap forward in efficiency and security. Let’s dive in.

— Ledger Enterprise (@ledger_business) June 28, 2023

As part of the initiative, the company has signed agreements with a number of crypto projects, including Crypto.com, Bitstamp, Huobi, Uphold Institutional, CEX.IO, Wintermute, Coinsquare, NDAX, Damex, Bitazza, Flowdesk and YouHodler.

Among prospective clients are already listed Komainu, TetraTrust, Etana, Crypto Garage, Damex and Kryptodian.

The Ledger platform brings together custodians, brokers and exchanges. The service will not charge fees for trades. At the same time, funds need not be stored on Tradelink to execute trades.

“We are building a future-oriented solution that will give Ledger Enterprise clients flexibility and security, enabling institutions to reduce risks to their business,” said Pascal Gauthier, the head of the firm.

Ledger emphasised the growing need for such platforms for crypto trading amid security and regulatory concerns.

According to company representatives, collaboration with several custodial firms means that users of the new network will not face blocking.

“Ledger’s innovative trading technology not only enhances security but also helps foster a regulatory-friendly environment in the institutional trading space,” said Eric Anziani, President and Chief Operating Officer of Crypto.com.

In May, Ledger introduced a function to recover private keys for backup access to the Nano X hardware wallet. Later, Pascal Gauthier promised to disclose the software’s source code amid concerns about the security of the company’s products.