TradeZero, an online securities brokerage that offers free stock trading software, has launched what it claims is the first “dark pool” exchange for bitcoin to allow institutional traders to execute large bitcoin trades outside of the bitcoin exchanges, according to Reuters.
Off-exchange trading can represent 40 percent of all U.S. stock trades.
TradeZero also provides commission-free trading of stocks, equities, index options, and ETFs.
Fund Accounts with Bitcoin or Fiat
TradeZero can fund accounts with bitcoin or any national fiat currency, according to the company’s website. All non-USD sent will convert into USD at the market exchange rate. Digital currency transfers do not incur a cost.
Jered Kenna, the founder of the now-defunct Tradehill bitcoin exchange, has partnered with TradeZero in the venture. Tradehill announced its closure in 2012, citing regulatory problems and the loss of $100,000 in a dispute with a payment processor, according to arstechnica.
Daniel Pipitone, director of TradeZero, said the company