Whereas institutional demand for digital belongings has change into a actuality inside the buying and selling trade, the way forward for the cryptocurrency ecosystem continues to be unknown as a large variety of high officers nonetheless regard Bitcoin et al as having no intrinsic worth.
Cobalt has partnered with London-based connectivity companies supplier 4OTC so as to use the 1API to attach with market knowledge within the Digital Asset and FX Markets.
The connectivity will improve Cobalt’s entry to market knowledge venues, streamline knowledge administration, and scale back the time taken to attach with new venues.
4OTC’s infrastructure addresses the challenges of OTC trading desks within the FX and Digital Asset markets because it gives low latency, scalable and safe connectivity for banks, market makers, and buy-side buying and selling companies.
The agency’s 1API connects to a number of liquidity suppliers and venues in Digital Belongings and FX markets and in good timing. The cryptocurrency ecosystem is on a roll. Bitcoin has damaged by way of the $20,000 all-time excessive of 2017 solely to proceed its bullish journey throughout current months. Bitcoin has since reached the $1 trillion market cap.
The shortage of institutional-grade infrastructure for market knowledge, matching, credit score, and collateral administration has come as a chance for monetary know-how companies like 4OTC and Cobalt. Their choices permit shoppers to transition between FX and Digital Belongings to maximise effectivity and revenue.
Darren Coote, CEO of Cobalt, commented: “Since our enlargement into Digital Belongings final yr, we have now been pursuing partnerships that may develop our providing throughout each the Digital Belongings and FX markets. We’re happy to be working with 4OTC, receiving a high-quality knowledge feed consisting of FX and Digital Belongings market knowledge ensures we will present a market-leading platform and infrastructure to our consumer base permitting them to navigate and join between each markets with out disruption.”
Alexis Atkinson, Founding father of 4OTC, mentioned: “In right now’s fragmented FX and Digital Belongings markets, low latency connectivity companies are important. This can be a key focus for 4OTC. Recognizing the necessity for companies to hook up with a number of venues and liquidity suppliers shortly, velocity of onboarding is an important differentiator for our service, the place we sometimes have shoppers and venues up and operating in a matter of hours.“
“We’re delighted to work with Cobalt as they increase their revolutionary market-leading companies and sit up for persevering with this partnership.”
Whereas institutional demand for digital belongings has change into a actuality inside the buying and selling trade, the way forward for the cryptocurrency ecosystem continues to be unknown as a large variety of high officers nonetheless regard Bitcoin et al as having no intrinsic worth.
