Crypto.com delivers liquidity to new partner Finxflo

“We want to remove the hurdles that come with trading crypto and simplify the process for new retail investors,” said Finxflo CEO James Gillingham.

Crypto.com delivers liquidity to new partner Finxflo

The cryptocurrency exchange platform Crypto.com wants to provide liquidity as part of a new partnership with the Singapore hybrid liquidity aggregator Finxflo.

In an announcement on Tuesday, Crypto.com said it would become the first liquidity provider at Finxflo. This enables the exchange to increase its transaction volume and reduce market volatility. Using liquidity aggregators, crypto traders can benefit from deeper liquidity pools and better course execution.

“We want to remove the hurdles that come with trading crypto and simplify the process for new retail investors,” said Finxflo CEO James Gillingham. “We are increasing our liquidity and can thus offer institutional investors and price-sensitive private traders the best possible price levels across liquidity pools.”

A crypto platform with adequate or high liquidity and competitive market prices can attract more traders who conduct more transactions. This in turn creates liquidity for other traders acting as counterparties. Finxflo claims to be a hybrid liquidity aggregator that aims to offer competitive prices for centralized and decentralized financial projects. This model is designed to increase the speed of transactions and reduce the likelihood of market manipulation.

Onchain Custodian is to provide crypto custody services for Finxflo so that the platform can comply with the anti-money laundering regulations of the international money laundering authority Financial Action Task Force. These rules state, among other things, that crypto exchanges and providers of depot wallets Customer information Must disclose when making a trade of $ 1,000 or more.

  • #Singapore
  • #Economy
  • # Cryptocurrency exchange
  • #FATF

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