Finance IT Infrastructure Firm Partners With Institutional Crypto Exchange Seed CX
Ana Alexandre's original article for cointelegraph.com reduced by 41%
Trading IT infrastructure company Avelacom has partnered with digital currency exchange Seed CX, according to a press release published on May 23.The partnership aims to allow institutional clients of Avelacom - an IT infrastructure provider for the financial services industry - to utilize Seed CX's real-time market data and order-routing products. Currently, Seed CX provides services of a licensed exchange for institutional trading and settlement of spot digital asset products, with plans to offer its products for Commodity Futures Trading Commission-regulated digital asset derivatives. Managing Director of Avelacom Aleksey Larichev said that crypto markets have experienced "Low uptime, slow matching engines, insufficient support and platforms that are not friendly for latency and jitter sensitive applications." The new partnership will purportedly improve access to pertinent data for crypto traders.
Recently, Seed CX partnered with Singapore-based fintech company Hydra X to offer its trading service in Asia. Seed CX thus joins the list of supported digital asset trading venues available on the Sigma trading platform offered by Hydra X, which is currently in public beta. Seed CX states that dispersing digital asset holdings across multiple unique wallets helps to mitigate the risk of hackers accessing pooled assets via a single vector of attack.
As Cointelegraph reported earlier this week, cryptocurrency research firm Diar indicated that institutional traders recently registered record high volumes on bitcoin derivatives exchanges.
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