Overstock's most anticipated trading platform, tZero will go live next week

19 Jan, 2019 | Updated: 19 Jan, 2019
by Fifi Arisandi
Overstock's most anticipated trading platform, tZero will go live next week

Overstock token trading platform, tZero will be launched end of next week, CEO confirmed.  

The long-awaited trading platform of former retailer, Overstock is soon to go live. According to CEO, Patrick Byrne, the tZero security token trading platform is actually ready to hit the button and go live today, however, the company decided to postpone it for another week to process user signups.

“But by the end of the next week we will be turning the trading system live,” Byrne ensured.

Earlier this week, the company informed their investors that the access to the token has been made available, after the lock period ended.

Although several issues came up, such as the delayed $30 million deal with Hong Kong-based venture capital and major changes in the company’s high-level executives, so far, tZero seems to be able to keep up with the determined timeframe.

Last December, Overstock’s venture, Medici Ventures’ president, Jonathan Johnson said that the platform will go live in January, which is consistent with the recent confirmation from Byrne.

According to CoinDesk, the change in the leadership also shows a positive effect to the listing. Aside from the native tZero token, investors can choose to trade the other 60 companies listed.

Crossing fingers that tZero will be more successful than its predecessor, the Alternative Trading System (ATS) that has been launched for 2 years, yet still sees very few activities due to technical issues.

Read more: tZERO, subsidiary of Overstock, releases tokens purchased by investors last fall

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Read more about: Overstock


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