Zero Hash, a custodian for digital asset and fiat currencies announced the support for derivatives. With this, users will be provided the ability to settle bilateral derivative transactions.
This latest feature on the Zero Hash settlement service will allow the users to customize their settlements, such as forwards contracts, as per their preferences. Additionally, the users will get the authority to decide the frequency of occurrence of calculations. This step will provide greater flexibility to crypto investors as well.
There was a growing demand for third-party settlement platforms for handling margin trades and settlements between counter-parties. With Zero Hash launching support for derivatives in addition to spot settlement infrastructure, it will enable movement of funds between users, along with reducing operational and counterparty risks latterly.
This latest update on Zero Hash, a subsidiary of Seed CX cryptocurrency platform, was shared over Seed CX’s official Twitter handle,
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“Today, Zero Hash announces the launch of settlement for derivatives. This first-of-its-kind service gives institutional investors greater flexibility with the ability to settle bilateral derivative transactions.”
Previously, Zero Hash received the virtual currency license from the United States Financial Crimes Enforcement Network for carrying out transactions over SCXM, its affiliated exchange.