Binance.US Partners With Tagomi To Increase Institutional On-Demand Liquidity
The U.S. branch of the recognized crypto exchange Binance, partnered with Tagomi in order to increase liquidity for institutional investors. Tagomi is an institutional brokerage that will be using Binance.US services to improve the solutions offered to family offices, venture funds, and other investors.
— Binance.US (@BinanceAmerica) November 21, 2019
Binance.US Signs Partnership With Crypto Brokerage Tagomi
In an official press release, Binance.US and Tagomi announced they are working together to provide liquidity for Tagomi’s cross-exchange trading platform.
After launching a few months ago, Binance.US wants to continue expanding in the market with this strategic partnership for the company. This would add liquidity and broader access to the U.S. marketplace.
In this way, Binance.US will continue moving forward as a growing firm and subsidiary of the Binance exchange.
The President of Tagomi, Marc Bhargava, explained:
“Few countries can rival the liquidity and demand of U.S. markets. Large funds, venture capitalists and family offices in the U.S. need secure access to participate in the crypto market as global players. Binance.US is tilting the odds in their favor by offering Americans broader asset exposure.”
There are several firms and companies that want to have access to the cryptocurrency market and this is a great opportunity for Binance.US to expand its control in the industry.
Tagomi works by submitting trade orders in different exchanges. This allows their users to get the lowest price possible on specific trading pairs.
Adding Binance.US, one of the leading exchanges in the market to their list of partners would certainly help reduce costs for firms trading through Tagomi.
The CEO of Binance.US, Catherine Coley, mentioned that Binance.US is working on lowering entry barriers to the cryptocurrency market to investors and institutional traders.
The United States is one of the most prosperous markets for cryptocurrencies and blockchain technology. Companies are analyzing the possibility to launch their services in the country despite the lack of clear regulations in the matter.
However, this recent partnership between Binance.US and Tagomi would certainly help companies in the U.S. to have better access to digital currencies.
At the moment, there are 14 other crypto exchanges working with Tagomi.