Cobalt expands OTC trading connectivity with 4OTC

Rick Steves

While institutional demand for digital assets has become a reality within the trading industry, the future of the cryptocurrency ecosystem is still unknown as a wide number of top officials still regard Bitcoin et al as having no intrinsic value.

Cobalt has partnered with London-based connectivity services provider 4OTC in order to use the 1API to connect with market data in the Digital Asset and FX Markets.

The connectivity will increase Cobalt’s access to market data venues, streamline data management, and reduce the time taken to connect with new venues.

4OTC’s infrastructure addresses the challenges of OTC trading desks in the FX and Digital Asset markets as it offers low latency, scalable and secure connectivity for banks, market makers, and buy-side trading firms.

The firm’s 1API connects to multiple liquidity providers and venues in Digital Assets and FX markets and in good timing. The cryptocurrency ecosystem is on a roll. Bitcoin has broken through the $20,000 all-time high of 2017 only to continue its bullish journey during recent months. Bitcoin has since reached the $1 trillion market cap.

The lack of institutional-grade infrastructure for market data, matching, credit, and collateral management has come as an opportunity for financial technology firms like 4OTC and Cobalt. Their offerings allow clients to transition between FX and Digital Assets to maximize efficiency and profit.

Darren Coote, CEO of Cobalt, commented: “Since our expansion into Digital Assets last year, we have been pursuing partnerships that can grow our offering across both the Digital Assets and FX markets. We are pleased to be working with 4OTC, receiving a high-quality data feed consisting of FX and Digital Assets market data ensures we can provide a market-leading platform and infrastructure to our client base allowing them to navigate and connect between both markets without disruption.”

Alexis Atkinson, Founder of 4OTC, said: “In today’s fragmented FX and Digital Assets markets, low latency connectivity services are vital. This is a key focus for 4OTC. Recognizing the need for firms to connect to multiple venues and liquidity providers quickly, speed of onboarding is a crucial differentiator for our service, where we typically have clients and venues up and running in a matter of hours.“

“We are delighted to work with Cobalt as they expand their innovative market-leading services and look forward to continuing this partnership.”

While institutional demand for digital assets has become a reality within the trading industry, the future of the cryptocurrency ecosystem is still unknown as a wide number of top officials still regard Bitcoin et al as having no intrinsic value.

Read this next

Digital Assets

Revolut receives FCA’s go-ahead to launch crypto trading

British fintech and banking firm Revolut has received a regulatory go-ahead to launch its cryptocurrency services in the UK.

Digital Assets

GBTC share is trading at 36% below bitcoin spot price

Grayscale Bitcoin Trust share has widened its discount relative to the underlying cryptocurrency held in the fund, the highest margin ever since its debut in 2013. Digital Currency Group’s flagship GBTC shares traded at a discount of 35.8% to net asset value (NAV) today.

Digital Assets

Crypto lender Nexo investigated by 8 US state regulators

State securities regulators in New York, California, Kentucky, Maryland, Oklahoma, South Carolina, Washington and Vermont are investigating crypto lender Nexo for allegedly failing to register its Earn Interest Product.

Metaverse Gaming NFT

Astar Network’s ad features 329 top brands to support Web3 in Japan

Blockchain innovation hub Astar Network is making strides in promoting the Web3 adoption worldwide. In yet another milestone, the smart contracts platform has run a national newspaper ad in Japan that set a new global record with participation from 329 blue-chip firms.

Digital Assets

Pyth Network welcomes onchain data from crypto market maker Auros

“By sharing our high-frequency trading data with a truly onchain decentralized network, we aim to foster innovation that will lead to better financial solutions for all participants.”

Digital Assets

Tokeny integrates Ownera to boost liquidity of tokenized assets

“The adoption of FinP2P will result in higher liquidity and better access to capital and assets by providing regulated firms with one secure point of connection to multiple digital asset networks across the globe.”

Digital Assets

BingX launches subsidy vouchers to cover user losses in copy trading

“With the introduction of copy trade subsidy vouchers, new users can easily try out trading strategies without incurring losses.”

Digital Assets

Talos expands sales team: Frank van Zegveld, Matt Houston, Hillary Conley

“The extensive leadership and industry expertise of these new hires will enable us to build long-lasting relationships as we continue to build out our global presence in EMEA and beyond.”

Executive Moves

FX and CFD broker Emporium Capital hires industry veteran Robert Woolfe as COO

His past experience within the FX and CFD industry includes top roles at Capital Index, London Capital Group, GKFX, ETX Capital, and IG.  “I’m delighted to be part of the Emporium Capital team and spearheading the brokerages global expansion plans”, he said about the appointment.

<