DRIVE Markets Institutional-Level High-Frequency Traders Gain Crypto Market Access With Gold-i
Gold-i Has Gone Ahead To Partner With The Institutional Crypto Exchange, The DRIVE Markets
The Gold-I, a financial technology firm has just gone ahead to announce on Monday its new partnership with the DRIVE Markets; this is to ensure they are able to provide the high-frequency traders, also referred to as the HFTs, with quick access to the crypto market.
With the partnership in place, it should be able to enable the DRIVE platform to be able to bolster its liquidity offering for the traders who will be using the service.
More On The DRIVE And The Gold-i
The platform was launched last week as being an institutional crypto exchange that has been able to provide access to the spot, CFD and futures trading in several different crypto coins. The exchange has been made to be a little different as it allows its different users to trade with the MetaTrader 5 trading platform easily.
The Gold-I platform has been providing a range of add on together with plugins that can be used with the MetaTrader products, they have gone ahead to connect with the DRIVE MT5 platform to ensure they quickly set up a platform that is frequently used by the market makers who are operating with the crypto space.
As a result, this should merely mean that DRIVE will be able to provide users with better aggregation services together with liquidity to all their clients.
“We are delighted to work with the DRIVE Markets team to support their rapidly growing cryptocurrency offering,” said Gold-i CEO Tom Higgins.
“We have a range of cryptocurrency market makers within our NETwork and look forward to helping DRIVE Markets to maximize opportunities through our partnership.”
The HFTs Will Enjoy Free Trade Within The Crypto Market
The partnership that has taken place with the Higgins firm will be able to enable the HFTs to trade their coins that have been listed by DRIVE easily. The company has been dry running their system, and after this, DRIVE claims that it will be able to facilitate the 2.5 million trades that are done per second.
Thus, there is good news for the HFTs who have been struggling to get into the market due to the slow speeds experienced per transaction together with the technological hindrances. The DRIVE market has been designed to ensure it has provided each of their clients with a familiar entry when it comes to the technical aspect; this is into the crypto market.
The infrastructure for the platform has proved it is capable of 2.5M trades to take place per second. Thus, it makes it very important to work with the best that there is in class teams together with technology, it is the reason behind why the company selected the Gold-i as being their key partner, just to ensure their goals are fulfilled.