Jul 05, 2024 12:25
UK-basedfintech company Gold-i and crypto liquidity provider Cypator have announced anew partnership aimed at improving cryptocurrency liquidity access for retailbrokers. The collaboration integrates Cypator's crypto liquidity pools withGold-i's MatrixNET liquidity management platform.
Gold-i and Cypator JoinForces to Boost Crypto Liquidity for Retail Brokers
Thisintegration is designed to provide retail brokers using Gold-i's MatrixNET withaccess to Cypator's cryptocurrency liquidity and execution services. Thepartnership aims to address challenges in the crypto trading market, such asliquidity depth and execution speed for retail clients.
Accordingto the companies, the integration will allow brokers to offer their clientsaccess to a wider range of cryptocurrencies. It may also lead to morecompetitive pricing and tighter spreads, though the exact impact remains to beseen as the integration rolls out.
"Thispartnership underscores our commitment to providing innovative solutions thatmeet the evolving needs of the crypto trading community, Tom Higgins, CEO ofGold-i, commented. By integrating Cypator's liquidity into our MatrixNETliquidity management platform, we are providing an even more compellingoffering for clients wishing to access the crypto markets.
Thecollaboration is expected to provide several potential benefits, includingincreased market depth, access to Cypator's network of market makers, and theability to leverage Gold-i's existing technology infrastructure.
Accordingto the announcement, the collaboration is aimed at facilitating integrationbetween the two platforms. The companies state this is intended to minimizedisruptions to clients' existing operations.
"Partneringwith Gold-i aligns perfectly with our mission to enhance trading efficiency andaccess to the cryptocurrency market," said Ayal Jedekin, CEO at Cypator."This collaboration enables us to deliver even greater value to ourclients."
Recent Developments atGold-i
FinanceMagnates reportedin April that Chris James, the Chief Technology Officer (CTO) of Gold-i, hasdeparted from the company after a six-year tenure. During his time, James wasin charge of various crucial departments including client support, operationsand onboarding, software development, and quality assurance.
Meanwhile,Gold-i, known for providing MetaTrader tools and liquidity managementsolutions, has introduced its Swap Free plug-in. This new tool in their productlineup enables brokers to offer trading accounts that do not generate interestpayments.
At the endof last year, Gold-i and Finalto forged a partnership. Through thiscollaboration, Finalto has integrated Gold-i's liquidity management platform,MatrixNET, directly into its trading and account management system,ClearVision. This integration offers Finaltos broker clients enhanced optionsfor aggregating or distributing FX and crypto liquidity.
This article was written by Damian Chmiel at www.financemagnates.com.
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