Quantave, a provider of trade life-cycle infrastructure for cryptocurrencies, aims to open the digital assets market to institutional and professional traders and investors. Online media Finextra reported that Quantave’s solution entered a closed beta-testing phase on Wednesday.
Trading volumes in cryptocurrencies, such as Bitcoin and Ether, are experiencing spectacular growth recently. This, of course, grabs the attention of institutional investors and professional traders, however, accessing liquidity is not easy due to the fragmented nature of this market.
Quantave tries to fill this gap, creating a way for financial markets to meet bitcoin and the like. It simplifies access to liquidity in the digital assets market for big market participants by providing a high-tech and secure infrastructure for managing the complete trade-lifecycle.
For the first time, institutional participants such as FX brokers, market makers, fund managers, hedge funds, etc. will be able to access multiple broker-dealers and exchanges via a single gateway.
“Traditional markets have evolved with key roles isolated from each other with the objective of reducing risk and creating healthy competition. We aim to emulate this with our infrastructure,” Paul Gordon, Quantave’s CEO, commented. “This is a very exciting time for this industry and marks a first step to accessing and unlocking liquidity in this increasingly sought-after asset class,” he added.