A major factor holding back the movement of digital assets into the financial mainstream is the difficulties faced by major financial institutions in trading and holding those assets. Bitfinex, one of the world’s largest cryptocurrency exchanges, is going some way to solving those issues with a new partnership, announced today, with Swiss company Market Synergy GmbH. Market Synergy specialises in connectivity and security solutions for financial institutions like banks, brokers, and exchanges. It describes its offering as easing “the fragmentation of connectivity in the 24/7 cryptocurrency market” and giving institutions “a secure, robust and reliable network for cryptocurrency trading.” Bitfinex bespoke networkAs a result of the partnership Market Synergy has built what is described as a “bespoke network” solely for Bitfinex business, hosted in a data centre in Switzerland’s “crypto valley.” As well as offering hosting and connectivity to Bitfinex, Market Synergy will also “manage co-location services for Bitfinex’s institutional clients” and offer digital trading through a FIX feed. Bitfinex CTO Paolo Ardoino said that the exchange was “very pleased to collaborate with Market Synergy” to improve “access to digital assets via Bitfinex.” He added that Bitfinex was “experiencing first hand the immense institutional interest in cryptocurrency trading” and that he was thrilled “to be able to pioneer its development.” James Banister, Market Synergy’s CEO, said that his company had “spotted a gap in the market for an institutional calibre cryptocurrency connectivity offering” and that the aim was to become “the leading institutional outsourced connectivity provider in the cryptocurrency space.” Bannister revealed that the two companies had worked together closely on choosing an appropriate infrastructure and data centre, resulting in “a bespoke network with connections to their digital asset gateway for professional traders.” Image From Shutterstock Read More Bitfinex in bid to woo institutional clients following Market Synergy partnership : https://ift.tt/2uqzlBAPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service.
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