As institutional crypto trading gradually becomes more widespread, news that CQG, the provider of high-performance technology solutions, has partnered with DVeX, a new cryptocurrency exchange built for institutional traders. The firms are working together to offer the CQG front-end platform to DVeX clients, for trading tools and analytics.
The result of a partnership with SEBA Bank AG, Julius Baer has extended its range of services to include digital assets offerings such as secure storage and transaction solutions, plus consolidated portfolio overviews across both conventional and digital assets.
CME launched options on Bitcoin futures on Monday this week, with first day volume of 55 contracts (notional US$2.3 million).
This launch follows Bakkt going live with Bitcoin options in December last year. Bakkt is a subsidiary of Intercontinental Exchange (ICE).
BUX has acquired Blockport, a European crypto investment platform. Blockport will be rebranded to BUX Crypto and will be fully integrated under the BUX brand. The rebranded platform is currently being tested with a pool of clients and will launch in Q1 of 2020.
State Street and Gemini Trust, a crypto exchange and custodian, have announced a new pilot, which combines Gemini Custody with State Street’s back office reporting.
Claimed to be the first of its kind, the pilot allows users to consolidate the reporting of their digital assets serviced by Gemini with their traditional assets serviced by State Street.
GCEX (GC Exchange) has joined Gold-i's Matrix NETwork, offering its cryptocurrency liquidity to Gold-i's clients via the Gold-i Switch 2.0.
GCEX launched earlier this year, offering an institutional trading and technology solution for cryptoassets and FX, targeting the institutional and professional segment - including Banks, Asset Managers, Hedge Funds, Brokers and professional traders.
Avelacom has launched its multi-cloud connectivity solution to simplify and accelerate how traders connect to crypto exchanges. It delivers secure, direct and ultra-low latency access to crypto exchanges hosted in Alibaba Cloud, Amazon Web Services (AWS), Microsoft Azure and Google Cloud.
As the world of crypto trading matures there is increased interest from institutional traders, looking to access professional venues.
To date these trading institutions have been naturally cautious, as exchanges offer mainly retail services (even though some have claimed to be institutional), and some questionable practices that have given rise to crypto's association with 'the Wild West'.