Seed CX Begins Testing Swap Contracts Settled in Real Bitcoin

Edward Woodford CEO Seed CX 860x430

Bitcoin derivatives provider Seed CX has begun testing its margin swaps products with users, the company said Tuesday.Investors can now onboard to try out Seed CX’s swaps product matching platform during the testing period through its subsidiary Seed SEF, a regulated swap execution facility (SEF), the company announcedSeed CX’s CEO Edward Woodford told CoinDesk that the testing would allow market participants to test both their connections to the marketplace, as well as the products themselves “to ensure they are working as expected.”“We’re very excited to have begun user testing of our physically-settled bitcoin derivative product,” said Seed CX president Brian Liston in a statement. “We’re at the final step.”Woodford told The Block that the company could launch its live swaps product over the next three months.“The three-month timeline is not firm, as we are waiting on regulatory approval and therefore it is not in our hands to control,” he clarified…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE