Okex Partners With Caspian To Support Institutional Cryptocurrency Trading
The cryptocurrency exchange platform OKEx is venturing into the institutional sector of digital asset trading by partnering with risk management and cryptocurrency trading platform, Caspian. Per their joint press statement, the platforms aim to “support the institutionalization of cryptocurrency trading”.
Caspian, being a risk management and crypto trading platform, will provide both the infrastructure and the support required to start the “institutional adoption of cryptocurrency trading”
The Caspian platform will incorporate both spot and futures services provided by OKEx, into their cryptocurrency OEMS (Order and Execution Management System).
Chinese Market Focus
The press release also stated that their focus will initially be on the Chinese market, before global expansion.
James Jiang, OKEx’s vice president stated:
“There is huge potential for the institutionalization of crypto in China and more broadly. We are delighted to have teamed up with Caspian to help facilitate our clients’ needs in this space”
New Target Market
With the rise in the growth and adoption of cryptocurrency, more top companies are venturing into crypto trading as institutional investors, making them the new target market for the digital asset industry. One notable firm is Fidelity Digital Assets, that has announced that they will be delving into the digital asset trading market in the coming weeks, with Bitcoin (BTC) as its major asset.
Caspian Parent Companies
The Caspian platform is an offspring of the collaboration between Tora, an American trading services company and Kenetic Capital, a digital currency firm based in Hong Kong.