Overstock's security trading platform, tZero will expand to crypto trading soon

24 Mar, 2019 | Updated: 24 Mar, 2019
by Fifi Arisandi
Overstock's security trading platform, tZero will expand to crypto trading soon

Overstock security token trading platform will expand to cryptocurrency trading later this year.  

This year has been a productive year for Overstock by far. After launching their security token trading platform, tZero end of January, the platform already seeks to expand to cryptocurrency trading platform.

Read more: Overstock's tZERO security token trading platform has gone live

The plan was made known to public just a couple of days ago, at around the same time with the company’s announcement of deferring the sale of their e-commerce business.

Despite not announcing a detailed launching plan for the cryptocurrency trading app, the approximate launching time has been set to be around June this year.

The app itself is still being developed by a tech startup, Bitsy at the moment and will have the capability to buy and sell various cryptocurrencies, such as Bitcoin and Ethereum, as reported by The Tokenist

Quoting what tZERO’s CEO, Sam Noursalehi said regarding the upcoming app, “Developing our mobile bitcoin trading app is part of the reasons we acquired Bitsy. They have an app for trading, primarily bitcoin, in a beta-phase, they built a crypto wallet and critical recovery system, and this will be the foundation of the mobile app for tZERO. They are also working on some exciting features like biometric login.”

The crypto trading platform launching plan is just another proof of Overstock’s seriousness in blockchain business. Earlier this month, the company’s blockchain subsidiary, Medici Ventures announced their purchase of a blockchain banking platform’s stake, Bankorus.

Read more: Overstock's blockchain subsidiary buys stake in banking platform

Will Overstock become a major player in the blockchain/crypto industry? Stick with Chepicap to find out.

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