Archax launches 24×7 crypto exchange in partnership with interop.io and ChartIQ

Rick Steves

“We are thrilled to launch our crypto exchange, delivering a comprehensive and innovative trading platform for professional investors. By combining our institutional know-how, regulatory expertise, advanced technology and strong partnerships, we are empowering institutions to navigate the digital asset market with confidence and efficiency.”

Archax has announced the launch of its institutional focused, 24×7 crypto exchange, built with a professional and institutional audience in mind.

The 24×7 crypto exchange delivers all the controls and processes that institutional players both need and expect, the global, regulated, digital asset exchange, broker, and custodian explained.

The Archax crypto exchange offers a configurable multi-screen interface, built with partners interop.io and ChartIQ, to empower users to tailor their trading environment to their specific needs, enhancing productivity and enabling swift decision-making.

Graham Rodford, CEO and co-founder of Archax, said: “We are thrilled to launch our crypto exchange, delivering a comprehensive and innovative trading platform for professional investors. By combining our institutional know-how, regulatory expertise, advanced technology and strong partnerships, we are empowering institutions to navigate the digital asset market with confidence and efficiency.”

Archax offers a robust API connectivity, allowing for seamless integration with institutional trading systems and workflows, so that clients can easily incorporate the exchange into their existing infrastructure, streamlining their operations and maximizing efficiency.

Archax’s crypto exchange to add BTC/USD and ETH/USD

The crypto exchange plans to introduce additional trading pairs in the coming weeks and throughout the rest of the year, starting initially with BTC and ETH vs USD pairs. This expansion will further enhance the liquidity and trading options available to institutional investors, enabling them to access a broader range of digital assets through a trusted platform.

The new crypto exchange complements Archax’s recently launched insolvency remote custody offering, combining to create a compelling ecosystem for institutional and professional users.

The ability to securely hold digital assets, traditional securities and fiat assets in custody, while also having access to the new crypto exchange and crypto OTC service, creates real utility for clients looking to safely and efficiently navigate the digital asset landscape.

Archax secured ISO27001 certification

The launch of a 24×7 crypto exchange comes on the heels of successfully securing an ISO27001 certification, further cementing the FCA-regulated digital asset exchange, broker, and custodian’s position within the industry.

The ISO27001 certification, backed by the International Standards Organization (ISO), is a testament to the firm’s commitment to meeting strict security and compliance standards and provides assurance for all Archax clients.

By securing the accreditation, Archax is able to provide an extra layer of comfort for clients when using the platform, knowing of the strong existing security measures.

Archax was the first UK investment firm that obtained FCA registration under the 5th Money Laundering Directive in the UK. This registration allows it to apply innovative technologies to our trading infrastructures and the way we are trading regulated financial instruments.

The FCA permissions allow Archax to securely hold client money and assets. Archax protects the money it holds on behalf of customers in line with FCA rules. Archax does not lend this money or use it to finance its own business.

Archax Ltd is authorized and regulated by the Financial Conduct Authority (“FCA”) as a UK investment firm with permissions to operate a Multilateral Trading Facility (“MTF”). The firm is on the FCA Financial Services Register with firm reference number (“FRN”) 838656. Additionally, the company is listed on the FCA’s Cryptoasset Register.

Under UK law, Archax is governed by the Financial Services and Markets Act (“FSMA”) 2000. Those who gain access to the Archax website are responsible for compliance with applicable laws and regulations.

Read this next

Digital Assets

Bybit exits UK market ahead of regulatory changes

Bybit is suspending its cryptocurrency services for users in the United Kingdom due to impending regulations from the country’s Financial Conduct Authority (FCA).

Digital Assets

Binance argues SEC trampled authority set by Congress

Binance, Binance.US, and Changpeng Zhao have jointly filed to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) in June.

Uncategorized

Oscar Asly replaces Rasha Gad as CEO of M4Markets Dubai

Seychelles-regulated brokerage firm M4Markets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Retail FX

Capital Index UK reports mitigated loss despite revenue drop

FCA-regulated brokerage firm Capital Index (UK) Limited has released its annual financial report for the year 2022.

Digital Assets

Mike Novogratz’s Galaxy Digital expands in Europe

Galaxy Digital, the New York-based cryptocurrency financial services company founded by Mike Novogratz, is expanding its presence in Europe by appointing Leon Marshall as its first European CEO.

Metaverse Gaming NFT

Turingum Partners with MarketAcross to Drive Web3 Adoption in Global and Japanese Markets

Global blockchain PR leader MarketAcross joins forces with Japanese Web3 specialist Turingum to mutually expand its market reach, aiming to fortify Turingum’s worldwide footprint and MarketAcross’s presence in the lucrative Japanese blockchain landscape.

Digital Assets

Binance to delist all stablecoins in Europe next year

During a public hearing with the European Banking Authority (EBA), an executive from Binance said that the exchange could ultimately delist stablecoins from its European platforms by June 30, 2024.

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.

<