Cypator celebrates 100,000 crypto trade milestone as crypto ECN accelerates growth
The ECN model, proven successful in other asset classes such as foreign exchange (FX) for nearly two decades, enables anonymous trading and direct access to diverse liquidity pools. This results in a significant market share capture and facilitates increased trading volumes.
Cypator has announced significant momentum in its client base since its Q2 2023 launch. With more than 20 market participants already on board and an additional 50 large trading institutions in advanced contract negotiations, Cypator is rapidly establishing itself as a crucial player in the digital asset trading landscape.
The Electronic Communication Network (ECN) for digital asset trading for institutional players has successfully cleared over 100,000 crypto trades in partnership with Hidden Road prime brokerage.
Execution-only ECN for anonymous spot trading coupled with distribution via prime brokerage
Cypator’s unique offering as an execution-only ECN for anonymous spot trading, coupled with distribution through prime brokerage, has garnered attention for its ability to reduce counterparty risk and streamline settlement processes. This surge in client uptake highlights the demand for de-bundled institutional trading infrastructure, with clients enjoying faster time-to-market, improved execution, and reduced risk.
The platform’s success can be attributed to the growing presence of crypto Over-The-Counter (OTC) Market Makers, or Liquidity Providers, and increasing demand from Taker participants for comprehensive liquidity access solutions.
The ECN model, proven successful in other asset classes such as foreign exchange (FX) for nearly two decades, enables anonymous trading and direct access to diverse liquidity pools. This results in a significant market share capture and facilitates increased trading volumes.
Highly efficient trading model taken from traditional finance
Ayal Jedeikin, CEO, and Founder of Cypator, said: “The subsequent momentum reflects the growing understanding of participants of the benefits of a highly efficient trading model taken from traditional finance, which is transferable for the dynamic and constantly evolving world of cryptocurrencies. With Cypator’s robust, low latency, and hugely scalable technology, our network of Makers and Takers are now successfully trading with each other without requiring bi-directional relationships or onboarding.”
Cypator’s ECN is built to address the unique liquidity, workflow, and technological challenges of trading digital assets. Bridging the gap between traditional and new finance, it offers unified access to trading digital assets, cleared through prime brokers and custodian setups, ensuring liquidity optimization, risk control, and transparency.
As the crypto market evolves and institutions increasingly recognize the benefits of efficient and transparent trading solutions, Cypator is well-positioned to continue its growth and contribute to the maturation of the digital asset trading ecosystem.
Liquidity optimization and risk control
Cypator is an Electronic Communication Network (ECN) designed to meet the needs of institutional players trading digital assets in a liquidity-optimized, risk-controlled, and transparent manner.
Tailored to trade digital assets and built on traditional financial workflows, Cypator addresses the unique challenges of trading through a prime broker, whether in a disclosed or undisclosed manner, or directly through a custodian.
By bridging the gap between traditional and new finance, Cypator’s ECN offers unified access to trading digital assets, cleared through prime brokers and custodian setups, ensuring liquidity optimization and risk control.
