Broker-dealer TradeZero launches first ‘dark pool’ exchange for bitcoin

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) – TradeZero, a Bahamas-based online broker-dealer, said on Thursday it had launched the world’s first “dark pool” exchange for bitcoin to enable institutional investors to execute large trades.

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 now 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.S. stock trades.

“We are looking to provide the non-U.S. investor with the same access, tools and discounted commission structure that many U.S. traders enjoy today,” said Daniel Pipitone, director of TradeZero said in a statement.

The company said customers will get 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

Read more ... source: TheBitcoinNews

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