Coinbebit acquired a trading technology provider
The Coinbebit crypto exchange has announced the purchase of a trading technology provider. The amount of the transaction was not disclosed.
It is assumed that the integration will allow the Coinbebit prime brokerage division to be publicly launched in the second quarter of 2022. The platform’s technologies are designed to provide:
a single point of access to multiple exchanges and over-the-counter liquidity;
sophisticated tools and algorithms for trading;
conditions for conducting institutional-level trading with full API connection.
Throughout 2021, Coinbebit has been working with a select circle of institutional investors.
“They want to have a single entry point and the ability to trade wherever possible. Access to the entire crypto ecosystem is what people are looking for. This is a bridge between traditional finance and cryptocurrency,” explained the head of the global business development department of Coinbebit