Bitcoin Global News (BGN)
March 22, 2019 -- ADVFN Crypto NewsWire -- Until today, all of
the efforts of the tZero platform were focused on security tokens,
which should not be surprising since the tZero is structured to
host numerous security tokens at once in a dedicated
ecosystem.
Early this morning, however,
CoinDesk reported that late yesterday, they had already received
information that tZero plans to launch a dedicated app for Bitcoin
and possibly Ether trading. Given that the news came directly from
the project’s CEO, it would seem to be extremely
credible.
Still, with this in mind, it is
easy to wonder how a new Bitcoin trading app can possibly compete
in a niche that is already saturated with offerings from giants
like Abra, Coinbase, and Square, among many others.
What seems to be the most
reasonable answer to this is that just like Sirin Labs aims to
offer blockchain-based phones with the highest level of security on
the market, tZero plans to offer a trading app with certain
features that others do not have.
According to CoinDesk, this
includes the ability for users to use a biometric method of logging
in, as well as own their private keys and trade stocks and security
tokens within the same app. Once this is known, it appears that the
news of this being a new app dedicated to Bitcoin trading is no
longer valid.
Even so, this news then shifts to
an even higher level of importance in that it means tZero is
looking to basically become the most powerful exchange in the
industry, by integration. If they can successfully obtain their
broker-dealer license, Coinbase had better make sure that they can
keep up their advantage as a result. Bad press will likely hurt
even more when a competitor already has a more valuable platform,
judging by its’ trading features.
Everyone’s trying to make crypto
trading and really all trading as simple as possible. The question
is: who will get there first in terms of long-term user growth?
Since June marks the reported launch of the new and improved tZero
app, expect things to pick up from there.
By: BGN Editorial Staff