Apifiny launches VIP Program that enhances liquidity aggregation

Rick Steves

Apifiny has launched a VIP Program which allows users to unlock lower fees across the company’s network of leading exchanges by contributing liquidity to its hybrid crypto exchange, Apifiny HEX. The global cross-exchange digital asset trading network has plans to go public through a planned merger with Abri SPAC Inc. (Nasdaq: ASPA, ASPAW, ASPAU) in […]

Apifiny has launched a VIP Program which allows users to unlock lower fees across the company’s network of leading exchanges by contributing liquidity to its hybrid crypto exchange, Apifiny HEX.

The global cross-exchange digital asset trading network has plans to go public through a planned merger with Abri SPAC Inc. (Nasdaq: ASPA, ASPAW, ASPAU) in Q3 2022.

Unified order book of CEX and AMM crypto liquidity

The crypto trading ecosystem has institutional and frequent traders in need of access to the entire crypto market as well as smart tools and solutions that can ensure full pricing transparency, but market fragmentation remains an issue and multi-exchange strategies often make it more difficult to aggregate volume on exchanges to achieve higher fee tiers and lower trading fees.

Apifiny is addressing this issue by allowing frequent multi-exchange traders to unlock lower trading fees by providing liquidity to Apifiny HEX, which aligns the incentives of traders and liquidity providers (LPs) using automated market making (AMM) and offers one unified order book that captures CEX and AMM crypto liquidity, while offering zero taker fees.

Haohan Xu, Chief Executive Officer of Apifiny, said: “Apifiny prioritizes liquidity aggregation by offering the right tools and pricing for both institutional and retail traders whose trading volume is not high enough to access exchanges’ VIP pricing. We have taken several strides to enhance the trading experience for our users, and this VIP Program is only one of many to come. We are up against the world’s fragmented liquidity, and building a unified, global digital asset trading network for professional and VIP traders.”

The firm is also offering Apifiny Connect users a 20% trading fee discount on each connected exchange’s published tiered trading fee schedule, and lower trading fees for those making deposits on Apifiny HEX.

Apifiny launched a Smart Order Routing (SOR) for automation

Apifiny has recently launched its new Smart Order Routing (SOR) that allows institutional traders to automate and route orders across Apifiny’s 20+ connected exchanges for best price execution.

The global cross-exchange digital asset trading network launched the SOR as it continues to ramp up product development ahead of its planned merger with Abri SPAC Inc. in Q3 2022.

Smart routing systems automate and break down large orders and seek to identify the best prices throughout networked exchanges to minimize any slippage in price. SOR addresses one of the key pain points of crypto trading: fragmented liquidity.

Apifiny’s goal is to drive institutional adoption with advanced technologies and tools that address the problems within the crypto industry. The platform connects with over 20 of the top 100 global digital asset exchanges by trading volume to unify highly fragmented trading markets.

This increases stability and continuity and reduces disruption in the crypto marketplace by providing institutional traders immediate access to the optimal market-clearing prices and global liquidity for trading cryptocurrencies.

Instant transfers for arbitrage opportunities

Earlier this year, the firm launched instant transfers between select premier exchanges on its network including Apifiny HEX, the company’s new class of hybrid exchange. The feature aims to ensure the best bid and offer price similar to how NBBO (National Best Bid & Offer) provides for traditional stocks.

These are available for institutional and retail traders looking to exploit more arbitrage opportunities and improve capital utilization by cutting cross-exchange transfer times.

Instant Transfers allows traders to transfer funds in seconds to purchase on one exchange, including Apifiny HEX, and sell on another. The functionality can be activated without requiring exchanges to do any significant development work.

The global digital asset trading network claims to be the only one offering both instant transfers and institutional traders direct access to the order books of 25 centralized exchanges with lower cost than trading directly on those exchanges.

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