Caspian’s Crypto Trading Platform to Target Institutional Investors as Beta Phase Ends
Crypto Asset Management Platform Caspian Targets Rapid Expansion As The Beta Phase Comes To An End
On Oct 16, the institutional-grade cryptocurrency trading platform Caspian announced the end of its beta stage. They claim that 15 institutions are using the trading platform and the firm expects to onboard 50 clients by the year’s end.
Caspian’s aim is to equip institutional investors with the ‘high-quality and comprehensive trading tools that are already available to players in the legacy financial system’ – supporting a full stack of OEMS, PMS and RMS.
At its core, it says it aims to bring a level of sophistication to a multi-billion dollar market that suffers from a number of limitations in its current state. Integrating with the backends of over twenty exchanges via their APIs, Caspian implements high-level concepts like Smart Order Routing (SOR) in order to become the one-stop shop for institutional investors around the world.
“[Institutional investors] need resources similar to those they use for managing traditional assets — systems that manage portfolios, orders and risk management,”
Explained Richard Mannell, director of the firm Techemy Capital.
“It’s going to be fascinating to see what happens to the crypto market when institutional investors move in in the hundreds, which I think is about to happen.”
Meanwhile, Caspian revealed that around 170 customers are waiting to be onboard to its platform. Currently, it boasts 15 clients in the onboarding process, including Lykke, ID Theory, Bletchley Park and ex-Point 72 managers Travis Kling’s Ikigai Asset Management.
Caspian has been focusing on helping institutional investors who need to have access to both an execution platform but also via its comprehensive portfolio management system It now provides a single interface into 25 exchanges, including Binance, Bitfinex, BitMex, Bitstamp, Bittrex, GDax, Gemini, Kraken, OKEX, Poloniex, HitBTC, Huobi, BitFlyer, CME Group, itBit, CBOE, Quoinex, KuCoin, Deribit, Bithumb, CEX.io, Korbit, Fisco, Coinone and Zaif.
“We have been delighted by the response of the institutional crypto community and look forward to working with these major players over the next months and years,” said Robert Dykes, CEO of Caspian.