tZERO Launches an Update for Its Crypto App with New Digital Assets Added

tZERO, a blockchain liquidity platform provider, through its tZERO Crypto unit, announced on Friday that it has launched a new update on the tZERO Crypto app. According to the press release, the update includes higher buy limits, faster settlement times, and a total of seven digital assets. The app is currently available on Android and iOS devices.

tZERO Crypto joined forces with an undisclosed third-party custodian to offer custody of its investors’ assets as well. In addition, the app now supports $25,000 per day deposit limits on its standard offering with the higher buy limits. Moreover, the tZERO app added support on Chainlink (LINK), Bitcoin SV (BSV), and Basic Attention Token (BAT). The company expects to add more crypto assets in the future, the announcement said.

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“We are excited to improve the cryptocurrency trading experience on the tZERO Crypto app through today’s update. These enhancements lay the foundation to implement a unified consumer-facing user experience product to trade all assets, including digital securities, cryptocurrencies, publicly traded stocks, and, potentially, eligible NFTs,” Saum Noursalehi, tZERO’s CEO, commented. Also, the new update allows users to settle orders instantly, as the purchases of cryptocurrencies could be made in real-time.

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Update Is Now Available

“tZERO submitted the iOS and Android versions of its updated app today. Once the apps are approved by Apple and Google, investors will be able to access the new version. These new features will be available in all states where the tZERO Crypto app and the custodian partner services are currently available,” the company added.

Last year, tZERO announced that its retail broker-dealer subsidiary gained approval from the Financial Industry Regulatory Authority (FINRA).

The company can legally offer brokerage services to retail customers in the United States and also can offer “issuers with investment banking and placement agent services in connection with capital raising activities.”