1Konto and Finery Markets have joined forces to enhance over-the-counter (OTC) cryptocurrency liquidity and bolster institutional trading solutions, responding to the rising demand for digital assets among institutional investors.
Through this partnership, 1Konto will integrate Finery Markets' technology to provide streamlined access to quotes across 50 digital assets and five major fiat currencies, leveraging FM Marketplace, FM Liquidity Match, and FM Whitelabel platforms.
Finery Markets reports a surge in institutional trading volumes, with OTC crypto market activity seeing an 89% year-over-year increase and consecutive double-digit growth over the past nine months.
Konstantin Shulga, CEO of Finery Markets, expressed enthusiasm for the partnership, stating, “We are excited to welcome 1Konto to our ECN. This partnership will provide significant value to institutional players globally by offering access to deep liquidity and competitive pricing.
In many instances, the OTC trading setup proves more efficient for institutional trades, and with 1Konto’s on-ramp/off-ramp capabilities, this offering becomes particularly appealing.”
Edwin Handschuh, CEO of 1Konto, highlighted the impact of joining Finery Markets’ ECN: “We are excited to partner with Finery Markets and leverage their advanced ECN technology to enhance liquidity across digital assets and fiat currencies.
This collaboration enables us to provide institutional clients with transparent, efficient trading solutions, addressing counterparty risk and streamlining operations. By joining forces, we contribute to a more resilient trading environment, offering tighter spreads and improved market efficiency to institutional investors worldwide.”
Founded in 2019, Finery Markets serves as a non-custodial crypto ECN, connecting over 100 digital asset clients in 35 countries. Meanwhile, 1Konto specializes in OTC liquidity and offers Bitcoin-backed loans, with assets securely held in bank custody without rehypothecation, adding an extra layer of security for institutional clients.
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