Finery Markets partners with Merkeleon
Finery Markets, an institutional crypto liquidity marketplace connecting global OTC desks with financial institutions set a new partnership with Merkeleon, turnkey software provider for online marketplaces, auctions, crypto exchanges, crypto processing.
Merkeleon’s partnership will improve execution and liquidity quality via single access to global OTC desks through Finery Markets. Liquidity quality is an essential aspect for institutions trading crypto in a fragmented market. Whether that be for early-stage startups including newly created CEX or more established exchanges instant exchanges, hedge funds, asset managers and wallets seeking deep liquidity with the tightest spreads.
Since 2019, Finery Markets has been connecting institutions with OTC liquidity providers from the USA, Europe, and Asia. Finery’s unique technology allowed them to trade at the best firm quote with all the LPs they set relations with. Last year the platform experienced a 12x increase in trading volume reaching over $2bln.
Alexey Sidorowich, Sales & Marketing Director at Merkeleon said:
“When starting a crypto business, it is especially important to have time-tested technological solutions that provide operators with maximum flexibility in configuring the solution for the target audience. Thanks to the variability of Finery Markets solutions, partners and clients of Merkeleon’s white label solutions will be able to get new sources of liquidity at favorable rates, as well as effective tools for its control and management”.
Konstantin Shulga, CEO & Co-founder of Finery Markets said:
“By integration with Merkeleon software solution Finery Markets will start offering access to OTC liquidity directly to final clients. This will improve penetration of OTC liquidity among B2C customers and have a positive impact on the market maturity.”
About Merkeleon
Merkeleon provides innovative crypto trading and payment business solutions that have been developed within the Austrian company since 2008.
The portfolio of SaaS and White Label solutions includes 3 main products: online auction & marketplace software with / without blockchain technologies, world 1st audited by a cybersecurity company crypto trading engine and the crypto payment processing software. As it is very scalable and flexible, the software is suitable for companies of any size: small, medium, large.
Focusing on the SaaS aspect of the solution, the projects can be easily launched just within 2 weeks and customized in accordance to the business requirements.
About Finery Markets
Finery Markets is the first global crypto-native Multi-Dealer Platform. Serving clients since 2019 Finery Markets provide Financial Institutions & Crypto-related Businesses with:
· Proprietary matching engine enabling firm liquidity & bespoke execution quality
· Access to global Liquidity Providers / OTC desks via single API & GUI
· Robust infrastructure: full automation & 99.99+% uptime
· Flexible settlement & cash management based on non-custodial model
