Zero Hash Expands Capabilities with New Derivatives Offering

Zero Hash: Paving the Way for Derivatives

Zero Hash, the brainchild of cryptocurrency platform Seed CX, has made headlines by stepping into the world of derivatives. As of September 11, they will now facilitate bilateral derivatives transactions while supporting the critically important settlement functions for forward contracts. Yes, the crypto world just got a bit more serious!

What’s in the Derivatives Bag?

The new service isn’t just a shiny new toy; it brings with it essential functions for collateral management. What does this mean for the traders out there? Well, Zero Hash is putting on its superhero cape to provide:

Calculations of variation margins
Initial margins
Final settlement values
Margin-call notifications

So, if you’ve ever spent sleepless nights worrying about margin calls, rest easy – Zero Hash has your back.

Licenses: The Green Light for Innovation

But wait! There’s more! In July, Zero Hash got its shiny new virtual currency license from the United States Financial Crimes Enforcement Network, coupled with a money transmitter license. Basically, this means they don’t just have permission to play; they’ve been given the keys to the crypto kingdom. This allows them to operate as a money transmitter for trading activities resulting from their exchange, SCXM. Talk about a power move!

Keeping Assets Safe with Wallet Solutions

Earlier this year, in a move demonstrating foresight, Seed CX launched a digital asset wallet solution with on-chain settlement, developed in collaboration with Zero Hash. This innovative approach is aimed at mitigating risks, particularly from hackers. By distributing digital asset holdings across multiple unique wallets, the risk of hackers accessing pooled assets is significantly minimized. Because, let’s be honest, nobody wants to be the person who got hacked.

The Growing Crypto Derivatives Scene

Zero Hash isn’t the only player eyeing the crypto derivatives market. Earlier in September, Binance took a big step by acquiring JEX, a platform that provides both spot and derivatives trading services. Meanwhile, in August, the Dutch crypto derivatives exchange Deribit teamed up with Paradigm, a U.S.-based trading communication platform, to launch a block trading solution. Clearly, the derivatives market is heating up, and it’s not just all talk!

Conclusion

As Zero Hash gears up to navigate the complex waters of cryptocurrency derivatives, traders may want to pay close attention. Innovation, safety, and growth are becoming the trifecta for success in the ever-evolving crypto landscape. So buckle up, buttercup; it looks like it’s going to be an exciting ride!