State Street, commonly referred to as “The Street”, is an American stock exchange and investment banking firm headquartered in Boston, Massachusetts. Founded in 1792 by William A. Read and Alexander Brown, it is the second-oldest bank in the United States. As of 2020, State Street has $3 trillion assets under custody and administration worldwide with over 40 million customer accounts held globally.
When it comes to cryptocurrency trading, State Street offers a variety of services to both institutional and retail investors. The company provides direct market access (DMA) for those who wish to trade on multiple exchanges at once while also offering algorithmic trading tools that provide automated order execution across multiple asset classes including crypto currencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC). In addition, they offer block chain technology solutions that enable clients to automate their processes while also providing increased transparency into their operations.
State Street’s Global Markets division works with clients who are looking for ways to mitigate risk associated with digital asset investments by utilizing comprehensive hedging strategies through its OTC derivatives market making desk which trades futures contracts listed on major exchanges like the Chicago Mercantile Exchange or CME Group Inc., Intercontinental Exchange Inc., or ICE Futures U.S., etc.. They also have access to various liquidity providers around the world which allows them greater flexibility when executing transactions for customers who are seeking exposure into different cryptocurrencies beyond just Bitcoin or Etherium-based tokens such as Litecoin or Ripple’s XRP token among others.
Finally, State Streets’ wealth management arm provides portfolio management services tailored towards cryptocurrency investors looking for personalized advice from experienced professionals when selecting digital assets based on factors such as risk profile, geography preferences and desired returns among other criteria’s required by each individual client type – whether they be private individuals or large institutions alike
