24 Exchange joins Talos network for execution and settlement of Crypto Spot trades

Rick Steves

“By integrating into the growing Talos partner network, 24 Exchange will provide Talos customers with enhanced access to digital asset trading opportunities and increased liquidity. Expanding access to Crypto Spot trading is a key component of 24 Exchange’s growth strategy, and we are pleased to achieve that while also delivering a new liquidity venue in partnership with a respected pioneer such as Talos.”

24 Exchange has joined the partner network of Talos, effectively becoming a Liquidity Provider for customers of the leading provider of institutional digital asset trading technology.

Talos users can now access liquidity found on the 24 Exchange global platform via its unique “central dealer” model in Crypto Spot. This model, where all counterparties face 24 Exchange Broker LTD, allows for seamless execution and settlement of Crypto Spot trades.

Founded by ECN technology specialist and former CEO of NY-based FastMatch, Dmitri Galinov, 24 Exchange provides a 24/7 platform for institutional participants looking for competitive fees and a high quality service on Crypto Spot, Crypto NDFs, FX Swaps, FX NDFs and FX Spot.

24 Exchange is operated by 24 Exchange Bermuda Limited and 24 Exchange Broker Limited which are regulated by the Bermuda Monetary Authority (BMA) for the purposes of conducting Digital Asset Business, pursuant to the Digital Asset Business Act.

In February 2022, 24 Exchange submitted to the U.S. Securities and Exchange Commission a final Form 1 application for a license to create a new national exchange that would allow 24/7/365 trading of U.S. securities.

Enhanced access to digital asset trading opportunities and increased liquidity

24 Exchange CEO and Founder, Dmitri Galinov, said, “By integrating into the growing Talos partner network, 24 Exchange will provide Talos customers with enhanced access to digital asset trading opportunities and increased liquidity. Expanding access to Crypto Spot trading is a key component of 24 Exchange’s growth strategy, and we are pleased to achieve that while also delivering a new liquidity venue in partnership with a respected pioneer such as Talos.”

Anton Katz, co-founder and CEO of Talos, said: “24 Exchange has quickly established itself as an efficient and reliable global exchange that continues to expand the asset classes its customers can trade, including Crypto NDFs and Spot. Clients on the Talos partner network are seeking access to the seamless execution and settlement services that 24 Exchange is offering in Crypto Spot. We are excited to bring 24 Exchange’s high-caliber liquidity destination to our network and platform.”

Talos supports end-to-end trading – from onboarding to price discovery, execution, and settlement – including bilateral access to liquidity providers. The institutional platform offers customizable connectivity solutions for institutions on the buy-side and sell-side, including hedge funds, asset managers, service providers, prime brokers, OTC liquidity providers, lenders, custodians, exchanges, and more.

The Talos trading platform, lending marketplace, data and analytics, and portfolio and settlement tools, are all offered directly or through service providers on a white-label basis.

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