DeFinity Markets, a specialist in digital assets, will be expanding its already successful partnership with One Trading, the crypto trading exchange that is regulated in the EU. The aim of the partnership is to offer enhanced liquidity for eligible institutions and the construction of a custody-agnostic digital assets and fiat rail for the European region.
Both firms said they would still be continuing to independently develop their own digital markets infrastructure – namely the One Trading platform and the risk management tools currently being made available through DeFinity Markets.
DeFinity Markets has been seeking to establish itself as the institutional standard in for digital assets trading and also as a go to fiat rail solution.
Manu Choudhary, co-founder of DeFinity Markets, said: “Our goal is to drive market evolution hand in hand with innovative tech-led enterprises. The synergy with One Trading exemplifies our dedication to accelerating progress within the broader market. Our steadfast focus on performance-enhancing technology positions us to redefine the very fabric of electronic trading standards for digital assets.”
One Trading has made no secret of its plans to deliver high speed trading into the digital markets space. It holds a VASP registration in Italy and has submitted an application for a MiFID trading venue license.
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One Trading provides quite a broad range of services already, including its core exchange for digital assets, as well as an OTC desk.
Chris Park, co-founder of DeFinity Markets, said: “One of the greatest issues with the digital asset market today is that whilst transactions are executed and cleared in minutes, the lack of institutional infrastructure and interoperability prohibit mainstream financial institution adoption. We’re excited to partner with One Trading at a time when they’re developing a trading platform with the fastest transaction speeds and with the intention to expand into crypto derivatives. This partnership enables significant development in the Digital Asset space building at the inflexion of traditional and digital markets.”
One Trading was spun off from Bitpanda back in June, to represent Bitpanda’s separate crypto exchange arm. It raised around £30m as part of a funding round at this juncture. Bitpanda continued on as a junior shareholder in One Trading, with several specialist investment firms backing One Trading, among them Valar Ventures, Peter Thiel’s investment firm.
One Trading’s separation has allowed the latter to continue to focus on commercial ideas in the derivatives space. It also wants to establish itself as a liquidity venue, allowing for the trading of risk within the digital assets space.
DeFinity Markets shares much of the same management team as DMALINK, an independent electronic price discovery and execution venue for professional FX traders. DMALINK’s particular focus has been to provide anonymous access to global emerging markets FX liquidity, using a Big Data and ultra low latency forex ecosystem.
DeFinity Markets has also been working on the development of first generation AI algos, both within the traditional FX and crypto currency trading space.
