[ad_1]
UK-based crypto lending and liquidity supplier B2C2 is teaming up with SFOX, a number one U.S. crypto firm serving institutional traders, based on a Feb. 12 press launch.
This partnership is geared toward letting SFOX purchasers (together with asset managers, household places of work and excessive web price people) entry B2C2’s giant liquidity swimming pools and better-priced over-the-counter (OTC) markets although a single level of entry.
Danny Kim, head of progress at SFOX, stated:
“We’re delighted to companion with B2C2, the most important OTC liquidity supplier whose streaming pricing and digital buying and selling capabilities are relied on by institutional market contributors globally. SFOX purchasers will now profit from a brand new supply of OTC liquidity coupled with higher value discovery.”
Max Boonen, founder and CEO of B2C2, stated:
“Our partnership allows a broader set of market contributors to entry B2C2’s real-time OTC pricing and deep two-way markets. Very similar to the FX markets that are nearly solely OTC, the digital asset class is more and more buying and selling off-exchange, leading to tighter spreads and deeper liquidity.”
B2C2 is the primary OTC buying and selling venue to be added to the SFOX platform. Management at each platforms consider that cryptocurrency OTC markets have gained market share from conventional exchanges over the previous three years. A report by Aite Group1 predicted that OTC exercise would quickly account for almost all of cryptocurrency buying and selling quantity.
Cointelegraph reported that latest information from Tabb Group reveals that the share of United States equities traded off-exchange elevated from 34.7% in December 2018 to 38.6% in April 2019. This pattern can be being mirrored in Europe, the place off-exchange buying and selling accounted for 9.6% of all on-exchange exercise for a similar interval.
[ad_2]
Source link