Bitcoin & Crypto Trading: Ledger Cast

The appeal to institutional crypto investors, with Seed CX's Edward Woodford

Episode Summary

In this episode I talk to Edward Woodford about the tools his firm is building for institutional market participants.

Episode Notes

Welcome to Ledger Cast, hosted by me, Brian Krogsgard (@ledgerstatus on twitter), and Josh Olszewicz (@carpenoctom). Ledger Cast is a cryptocurrency trading and blockchain ecosystem podcast. Ledger Cast is brought to you in partnership with Brave New Coin.

You can subscribe to new episodes of Ledger Cast on iTunes, SpotifyGoogle PlayStitcherYouTube and via RSS.

The information in this podcast should not be construed as investment advice, it is purely educational material and you should always do your own research before buying.

In this episode, I talk to Edward Woodford, the CEO and co-founder of Seed CX. Seed CX is a platform for institutional investors to trade crypto, with up around 3x margin. We discuss the challenges building a product for institutions, for acquiring proper licensing in the United States, and a bunch of stuff around building a quality exchange business and trading experience.

SeedCX interests me for a couple reasons. For one, collateral is very flexible and can be in bitcoin or multiple forms of fiat. Secondarily, taker fees are only 8 basis fees and maker fees are 0. Thirdly, there is a nightly settlement process so each customer has their own wallets, while trading is on their centralized platform.

I enjoyed this chat with Edward, learning how they have built things, and the challenges they face -- particularly the competition with more "cowboy" exchanges.

Thanks to our new sitewide partner, Brave New Coin. BNC is well aligned with my goals for Ledger Status, offering excellent market commentary, data, and other products that benefit crypto traders and investors.

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Partner: Brave New Coin

Brave New Coin offers institutional grade crypto market data, tracking 1500+ digital & cryptographic assets from 250+ exchanges 24/7/365. They have excellent market analysis, news, data, and tools for traders. Check out Brave New Coin and subscribe to their newsletter.

Music: "Oh, the chains" by Joel Madison Blount