Transfero and Finery Markets Launch Institutional OTC Cryptocurrency Trading Desk
Transfero, a leading fiat onramp provider in Latin America, has joined forces with Finery Markets, a cryptocurrency trading technology company, to introduce an institutional over-the-counter (OTC) cryptocurrency trading desk. This partnership will enable Transfero to utilize Finery Markets’ trading software FM Liquidity Match, granting them access to global OTC liquidity sources and automated trade execution for large-scale cryptocurrency trades.
OTC cryptocurrency trading allows for direct execution of large trades between two parties, offering more flexibility in pricing and settlement options compared to exchange-based trading. The collaboration aims to bridge the gap between cryptocurrency and traditional financial markets, empowering clients to integrate blockchain technology into their everyday financial transactions seamlessly.
“The partnership will completely transform the crypto trading procedures and help improve capital efficiency.”
Konstantin Shulga, CEO and co-founder of Finery Markets
Hot Take: Embracing Crypto Adoption in Latin America
The partnership between Transfero and Finery Markets signifies the growing adoption of cryptocurrencies in Latin America. As Transfero serves as a fiat ramp for converting between fiat currencies and cryptocurrencies, this collaboration is set to enhance the accessibility and efficiency of crypto trading in the region.
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