A Bold Move for Institutional Growth
In an ambitious push towards transforming institutional access to digital asset trading, Zodia Markets and Finery Markets have announced a strategic partnership. This collaboration aims to significantly boost the liquidity and ease for institutions venturing into the crypto waters. Backed by Standard Chartered Bank, Zodia is ready to leverage Finery Markets’ advanced non-custodial trading solutions to turn the tide in cryptocurrency markets.
Breaking Down Barriers to Adoption
Institutions have often been wary of the technical barriers posed by digital assets. Mark Richardson, Chief Commercial Officer at Zodia Markets, emphasized the importance of this partnership: “By joining the Finery ecosystem, we’re removing the operational and technical barriers that have historically slowed institutional adoption.” The use of the Request-for-Quote (RFQ) system for Forex pairs is poised to simplify settlements and further streamline the crypto trading experience.
Finery Markets’ Rising Star
Since its inception in 2019, Finery Markets has crafted a strong presence, garnering over 150 digital asset firms across 35 countries. According to Finance Magnates, the company’s existing integrations with prime brokers help Zodia Markets efficiently connect and transact, creating a seamless operational environment.
Anticipating a 60% OTC Market Boom
As per recent market research by Finery Markets, a significant boost in the Over-the-Counter (OTC) crypto markets is anticipated — eyeing up to a 60% growth by year-end. This surge indicates a burgeoning institutional interest in digital assets, showcasing a promising future for these markets.
Expanding Horizons with Regulatory Approval
Taking a step further, Zodia Markets has secured new operational licenses from authorities in Abu Dhabi, expanding their reach as a crypto brokerage in key regions worldwide. With over 60 digital assets and 20 fiat currencies already supported, the stage is set for robust growth in a burgeoning market landscape.
This innovative partnership is a clear declaration that both Zodia and Finery Markets are on the path to redefine institutional trading, paving the way for an evolved digital marketplace. Stay tuned for a more insightful journey into the dynamic world of crypto trading.