CoinDesk reports:
UK-based financial technology company Gold-i and cryptocurrency liquidity provider Cypator have announced a new partnership aimed at enhancing retail brokers’ access to cryptocurrency liquidity. The collaboration integrates Cypator’s cryptocurrency liquidity pool with Gold-i’s MatrixNET liquidity management platform.
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Gold-i and Cypator join forces to enhance retail brokers’ cryptocurrency liquidity
The integration is designed to provide Cypator’s cryptocurrency liquidity and execution services to retail brokers using Gold-i’s MatrixNET. This partnership aims to address challenges in the cryptocurrency trading market, such as liquidity depth and execution speed for retail clients.
According to the companies, the integration will enable brokers to offer clients broader access to cryptocurrencies. This could lead to more competitive pricing and tighter spreads, although the specific impact remains to be seen as the integration unfolds.
Gold-i CEO Tom Higgins commented, “This partnership underscores our commitment to providing innovative solutions to meet the evolving needs of the cryptocurrency trading community. By integrating Cypator’s liquidity into our MatrixNET liquidity management platform, we offer a more appealing product for clients looking to enter the cryptocurrency market.”
The collaboration is expected to bring several potential benefits, including increased market depth, access to Cypator’s market-making network, and leveraging Gold-i’s existing technological infrastructure.
The announcement states that the partnership aims to facilitate integration between the two platforms. The companies emphasize that this move seeks to minimize disruptions to clients’ existing operations.
Cypator CEO Ayal Jedekin remarked, “The collaboration with Gold-i aligns perfectly with our mission to enhance trading efficiency and access to the cryptocurrency market.” “This partnership allows us to deliver greater value to clients.”
Gold-i’s Latest Developments
Finance Magnates reported in April that Gold-i’s Chief Technology Officer, Chris James, has resigned after six years of service. During his tenure, James oversaw various key departments, including customer support, operations and onboarding, software development, and quality assurance.
Additionally, Gold-i liquidity, known for providing MetaTrader tools and liquidity, refers to the process, speed, and ease with which a given asset or security is converted into cash. It is noteworthy that liquidity speculates that market prices will remain stable, and assets with the highest liquidity represent cash. In economics, liquidity refers to how efficiently, quickly, and easily assets can be converted into available cash without substantially affecting their market prices, with cash being the most liquid asset, while other assets represent liquidity. Liquidity refers to the process, speed, and ease with which a specific asset or security is converted into cash. It is noteworthy that liquidity speculates that market prices will remain stable, and assets with the highest liquidity represent cash. In economics, liquidity refers to how efficiently, quickly, and easily assets can be converted into available cash without substantially affecting their market prices, with cash being the most liquid asset. Read this Term
Management Solution introduced a swap-free plugin. This new tool in their product line allows brokers to offer trading accounts that do not incur interest payments as one of the core mediums of exchange in the modern world, payments constitute one party transferring legal tender or equivalent currency to another in exchange for goods or services. The payment industry has become a fixture of modern commerce, though participants and exchange methods have evolved significantly over time. Specifically, the party making the payment is referred to as the payer, while the payee reflects the individual or entity receiving the payment. The most common payment is one of the core mediums of exchange in the modern world, referring to one party transferring legal tender or equivalent currency to another in exchange for goods or services. The payment industry has become a fixture of modern commerce, though participants and exchange methods have evolved significantly over time. Specifically, the party making the payment is referred to as the payer, while the payee reflects the individual or entity receiving the payment. Read this Term
Towards the end of last year, Gold-i formed a partnership with Finalto. Through this collaboration, Finalto directly integrates Gold-i’s MatrixNET liquidity management platform into its trading and account management system, ClearVision. This integration provides enhanced options for Finalto’s broker clients to aggregate or distribute forex and cryptocurrency liquidity.
