OTCXN Network Adds Australian Exchange Independent Reserve to Current List Institutional Clients
The Independent Reserve, which is a Sydney based crypto exchange has just gone forward to join the San Francisco Capital market which is a blockchain powered company that is referred to as the OTCXN; this is all according to an official statement that was done by the company.
More On The Independent Reserve
The Independent Reserve has been considered to be the very first crypto exchange that has been able to go live on the OTCXN network. According to an announcement that was made, one that was able to describe the Independent Reserve as being the very first regulated and also largest crypto exchange you can find in New Zealand and Australia.
The Independent Reserve Is Seeking To Have An Institutional Order Flow
With this partnership in place, it has been reported to be part of the Independent Reserve effort in ensuring they bring about some institutional order flow to the current exchange. All this is to ensure that they are able to increase the liquidity for the companies growing client base.
Additionally, the partnership has also coincided with the current launch of the OTCXN, which is the launch of the LiquiMatch a machine engine, together with the Lit Central Limit Order and a Dark Pool, all these are an electronic communication network that will be used in the crypto world.
The Clients that are of LiquiMatch will easily trade with the current liquidity that they have at the OTCXN trading platform; this is also including the OTC Block Trading service; all this will happen through one of the accounts that have been held by their custodian. This is not all as the LiquiMatch will also be able to grant its various users easy access to the exchange liquidity.
According to the Head of Trading at the Independent Reserve, the OTCXN has an aggregated access that will be able to offer access to the vital market participants and also have the ability to mitigate the counterparty settlement risk that might arise quickly. As this is a factor that becomes very valuable especially when they are providing liquidity to the institutional client base that has been growing each day.
OTCXN Has Been Able To Rack Up Some New Institutional Clients
It has just been less than a week since the Independent Reserve made the decision in joining the OTCXN network, and from this move, the Fractal Wealth firm, which is an algorithmic digital asset trading company, has also gone ahead to join the network.
But this is not all as OTCXN also went ahead to sign the Hong Kong-based digital asset company called the OSL, as being there core Liquidity provider as on 10th of January.
With the presence of such prominent market participants like the OSL will be able to accelerate the market adoption together with the overall expansion of the growing OTCXN network. As a result, this will be able to reduce the risks and be able to efficiently scale the crypto trading that is taking place across the ecosystem.
All this is according to an official statement made by the Founder and the CEO of the OTCXN, Rosario M. Ingargiola.