TradeStation Introduces Crypto Offering in Puerto Rico

TradeStation, an award-winning, self-clearing online brokerage, announced yesterday that residents of Puerto Rico were eligible to apply for a TradeStation Crypto, Inc. account to trade cryptocurrencies. Crypto trading is available in Puerto Rico and much of the U.S. with aggregated liquidity, intelligent order routing, and competitive pricing. TradeStation Securities, Inc. is also licensed and permitted to do business in Puerto Rico, giving TradeStation Securities customers access to trade stocks, ETFs, options, and futures.

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"We are excited to be expanding into Puerto Rico as adoption of digital assets continues to grow. We believe that Puerto Rico has a strong reputation supporting crypto, and we're looking forward to being part of the momentum surrounding their crypto community," said James Putra, Vice President, Product Strategy at TradeStation Crypto. "We feel TradeStation offers clients the best of both worlds, a trusted brand that's been serving traders for over 30-years combined with innovative products and technology to access the crypto market."

TradeStation Crypto aggregates multiple pools of liquidity in a consolidated market data feed combined with an intelligent order-routing system designed to give its customers better visibility and trade execution, which is a differentiated model from some crypto exchanges.

New crypto customers can also benefit from TradeStation's current offer bonus, awarding customers $10 in a supported cryptocurrency. Eligible customers can qualify for a higher tier-based reward if they deposit at least $5,000 of assets within 90 days from account approval.

In addition, customers can own cryptocurrency as an alternative investment in a TradeStation Individual Retirement Account (IRA). TradeStation's self-directed IRA provides flexibility for individuals and investment advisers who aim to achieve greater diversification with cryptocurrency.

Now, traders in Puerto Rico and previously approved states can apply to trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and USD Coin (USDC). Other supported crypto coins and additional jurisdictions are planned to be added to TradeStation Crypto in the future.