Seed CX, a Bitcoin (BTC) derivative company, has decided to start testing with new margin swap products. According to the company’s press release, eligible platforms and swap products can be tested by customers through the SEF platform.
Edward Woodford, CEO of Seed CX, said that this first test period will be used to get people in touch with offers and then determine what works and what doesn’t work to offer a great product. The product will probably be officially released in the next three months, he said.
Technologically, the company is ready to put the product on the market and is just waiting for the deadline for testing. Regulators may be the only possible cause of delays.
Brian Liston, president of the crypto derivatives company, said all Bitcoins of the new platform will be physically delivered and the company is excited to offer such an interesting offer to investors. According to him, these are the last steps to put the product on the market, but a little more beta testing is needed first.
Who will win the competition
Seed CX may be preparing its products, but the company is not the only company to do so. Some other companies focus on the same issue. Powered by Coinbase, Blade, ErisX, and LedgerX are preparing to offer similar products.
Many of them are still preparing the services, so those who will take the lead will probably win the competition.