Jul 17, 2024 12:25
Wintermuteintegrates crypto liquidity into oneZero's EcoSystem, expanding its reach intraditional finance (TradFi). The move allows banks and institutions to access over 350crypto trading pairs with advanced features.
Crypto Liquidity ProviderWintermute Expands TradFi Reach
According tothe press release, Wintermute Asia Pte. Ltd, a subsidiary of global algorithmictrading firm Wintermute Group, has integrated its spot and CFD liquidityinto oneZero's EcoSystem.
Theintegration allows oneZero's network of banks and financial institutions toaccess liquidity for over 350 spot and CFD crypto trading pairs. Thisdevelopment comes as Wintermute reports a threefold increase in CFD tradingvolumes sincelaunching the product in March.
"We'veseen a significant influx of traditional FX market participants entering thespace, seeking top-tier liquidity providers," Evgeny Gaevoy, CEO ofWintermute, commented, noting the growing interest in crypto trading,particularly OTC-cleared derivatives like crypto CFDs.
Wintermute'soffering through oneZero includes tight spreads, competitive margins, no fees,and 99.9% uptime. The company has also introduced multi-currency collateralsupport, allowing traders to use various cryptocurrencies, including liquidstaking tokens, as collateral alongside fiat.
"Wintermutehas an outstanding track record of providing robust liquidity for hundreds ofdigital assets, ensuring market access for banks and other B2B clientele,"Andrew Ralich, oneZero's Co-Founder and CEO, commented.
oneZerosability to offer innovative, multi-asset capabilities alongside our pioneeringFX offerings, all backed by a robust data and analytics framework, continues todifferentiate our offering.
Recent Collaborations
Thisintegration follows Wintermute's successful partnershipwith CME in November 2023. The move is expected to enhance tradingefficiency and capital management for participants in the oneZero ecosystem.
TP ICAP isthrilled to be working with Wintermute as another trusted participant blocktrading CME Group cryptocurrency products, Sam Newman, Digital Assets Head ofBroking at TP ICAP, commented last year. In such a fast-growing and excitingmarket, it is fantastic to see crypto-native firms such as Wintermute accessingtraditional products and services, solidifying our belief that the maturationof this market is building momentum.
In December2023, Wintermuteentered into a collaboration with WOO X to boost liquidity and marketefficiency by serving as a designated liquidity provider. This partnership ispart of WOO X's transformation of its business model, which involvesintegrating leading liquidity providers.
Two monthsago, oneZero and Options Technology, a capital markets infrastructure serviceprovider, alsoannounced an expanded partnership. The collaboration aims to improve theintegration between oneZero's platform and Options Activ's consolidated dataservice through custom API connectivity. This enhancement is designed tostreamline operations for joint customers by facilitating more efficientinteraction between Options' multi-asset class market data and oneZero'sliquidity, aggregation, and risk management solutions.
This article was written by Damian Chmiel at www.financemagnates.com.
World Crypto Global
