NEXUS to Provide Liquidity to TradAir’s OTC and Crypto Derivatives Trading Platform
Just two months after the recent launch of the NEXUS platform, which is a liquidity provider has already been able to attract partners in such a short time. On Monday the firm went ahead to announce that they will be working together with a trading technology company that has been referred to as the TradAir.
The move is to ensure that they are able to provide adequate crypto liquidity akin to the exchanges that are in the foreign market.
According to the CEO of NEXUS, Kerry Gan, it is the continual company strive to ensure that they have created a more conducive environment for efficient trading.
He goes on to state that they are very pleased to be in collaboration with TradAir, as this will help in providing its institution to gather the intuitive trading platform technologies that can be used by the companies’ users.
With this partnership in place, it will be able to open the platform for TradAir to all the users on the NEXUS platform. Currently, the TradAir company has been operating the HTML 5 that has been based on the crypto trading platform that can be used by the institutional clients.
The company has been able to be connected to an extensive network of the liquidity sources; this is also including the over the counter desks, custodians, the market makers and the crypto exchanges that are present. The users who are currently at the TradAir or the other integrations on the platform will be able to easily access the over the counter crypto coins and the liquidity derivatives.
The CEO of TradAir, Ayal Jedeikin, states that the added cryptocurrency derivative liquidity that is being provided by the NEXUS is going to be a precious addition to the companies’ network.
He also adds that the companies broker clients will also benefit from the unique liquidity streams that NEXUS will be able to provide as well as increase the current yield on all the client trading activity.
The crypto trading, especially all those that are in the institutional sphere have been able to hit a stumbling block as there are more professional traders who are attempting to enter the growing market.
However, it has been a little difficult for some of the brokers in the market as there has been a lack of stable price feeds or even any benchmark rates that could easily be used in the price of a crypto in the market.
But with solutions coming into the market such as the NEXUS platform seems to be a step in the right direction in getting a solution to some of these problems. But it is important to note that those won’t be immediate as it will take some time before there is an institutional grade set of solutions to be used in the crypto world.