Finery Markets Expands Liquidity Pool, Partners With $20 Billion Volume Provider

Finery
Markets, a non-custodial crypto ECN and SaaS trading platform provider, has
announced a new partnership with technology and digital asset liquidity
provider Stillman Digital. This collaboration is set to expand Finery Markets’
pool of global liquidity providers and enhance trading options for
institutional clients.

Finery Markets Expands
Liquidity Pool with Stillman Digital Partnership

Stillman
Digital, which has facilitated over $20 billion in trade volume since 2021,
will now offer its liquidity solutions through Finery Markets’ platform. The
partnership is expected to further increase Stillman Digital’s trading volumes,
which exceeded $5 billion in Q2 2024 alone.

“With
Stillman Digital on board, our liquidity takers—including payment companies,
OTC desks, brokers, and digital asset firms—will benefit from competitive
pricing across a diverse range of asset pairs,” commented Konstantin Shulga, Finery
Markets CEO.

A July analysis by Finery Markets, examining two million institutional spot trades, revealed a marked increase in institutional investors’ interest in digital assets. This uptick in engagement aligns with recent approvals of crypto-related investment products, such as the successful introduction of a Bitcoin ETF.

The
collaboration will integrate Stillman Digital’s services, including electronic
trade execution, market making, OTC block trading, and on/off-ramp solutions,
into Finery Markets’ product suite. This includes FM Marketplace, FM Liquidity
Match, and FM Whitelabel.

Finery
Markets, established in 2019, currently serves over 100 global businesses in
the digital asset space across more than 35 countries. The company’s platform
offers a hybrid, crypto-native ECN that allows trading through an aggregated
order book or RFQ system.

“By
integrating with Finery Markets, we will be offering our liquidity solutions
and trading services to a broader customer base,” added Jack West, Stillman Digital
Co-Founder. “We believe that crypto ECNs represent a dynamic market
structure component that will foster innovation and enable us to enhance our
market footprint by delivering the most competitive pricing available within
their ecosystem.”

Finery
Markets was the first crypto ECN to receive SOC 2 Type 1 certification. Earlier in the year, the company also initiated a partnership with Hidden Road. This collaboration features the integration of Finery Markets’ flagship offering, FM Liquidity Match, into Hidden Road’s operations, which mainly focus on prime brokerage services for cryptocurrency spot transactions.

This article was written by Damian Chmiel at www.financemagnates.com.