State Street Bank Launches Cryptocurrency Division
State Street says it plans to evolve into a “multi-asset platform” to support cryptocurrency trading and more.
Liquidation happens when a trader has insufficient funds to keep a leveraged trade open.
China's central bank holds that crypto trading brings financial risk to the economy, and said it will continue a crackdown on the industry.
Crypto trading commissions increased from just 7% of total commissions a year ago to 73% in the second quarter of this year.
The feature was discovered in the code for a beta test version of Robinhood’s iPhone app.
The crypto financial services firm said it plans to use the funding to expand its global operations.