Monetary technology firm Gold-i publicized recently that it has teamed up with DRIVE Markets to offer greater frequency traders (HFTs) with access to cryptocurrency markets. This partnership will let the brokers join High-Frequency Trading (HFT) schemes and access an increasing order book. Gold-i has recently collaborated up with two other corporations such as FXCM Pro and Infinox.
Just last week, DRIVE Markets launched its institutional crypto and enactment currency exchange, providing derivatives commercialism for Bitcoin, Litecoin, Bitcoin money, Ripple and Ethereum.
DRIVE Markets offers Spot, Futures and CFDs in a very vary of cryptocurrencies together with Bitcoin, Litecoin, Ethereum, and Ripple. they’re going to use Gold-i’s technology to attach their MT5 platform to a spread of cryptocurrency market manufacturers, providing increased cryptocurrency aggregation to their shoppers.
Tom Higgins, Founder, and chief executive officer, Gold-i comments:
We delighted to figure with the DRIVE Markets team to support their chop-chop growing cryptocurrency providing. We have got a spread of cryptocurrency market manufacturers at intervals our NETwork and appearance forward to serving to DRIVE Markets to maximize opportunities through our partnership.
DRIVE Markets is meant to produce our shoppers with a technologically-familiar entry into the cryptocurrency market. The DRIVE Markets infrastructure is capable of two.5M trades per second thus it’s vital to figure with best at school groups and technology that is why we have a tendency to elite Gold-i as a key partner.
After dry-running its system within the interchange markets, DRIVE claims that it will facilitate or so two.5 million trades per second.
For HFTs, UN agency has usually struggled to enter the cryptocurrency markets attributable to slow executions speeds and different technological hindrances, this can be excellent news.
Coinbase already offers the deepest pool of liquidity to the biggest range of participants within the cryptocurrency house. we have a tendency to will continue developing this electronic marketplace, called Coinbase Markets, by gap a brand new engineering workplace in Chicago and cementing Coinbase because of the leading cryptocurrency exchange.
Gold-i frequently invests in development, driving the business forward. Thanks to our knowledgeable developers and rigorous testing processes, Gold-i package is meant to be reliable, robust, easy and wealthy in practicality. Over the course of the year, The additions can yield a lot of economical worth discovery method to occur, making tighter markets, deeper liquidity, and redoubled certainty of execution.
“DRIVE Markets is meant to produce our shoppers with a technologically-familiar entry into the cryptocurrency market,” same Kate Hiscox, DRIVE’s chief executive officer, and Founder.
“The DRIVE Markets infrastructure is capable of two.5M trades per second thus it’s vital to figure with best at school groups and technology that is why we have a tendency to elite Gold-i as a key partner.”
Gold-i has engineered sturdy partnerships with over seventy Liquidity suppliers and lots of the foremost respectable Prime Brokers within the business. Our valuable partnership network includes technology suppliers with the complementary market-leading product like on-boarding and CRM tools which may be employed in conjunction with our MT4 Bridge, MT5 entry, Link and different product in our portfolio.