Gold-i adds Binance to Crypto Switch solution for brokers and fund managers

Rick Steves

“We added Binance due to significant client demand, including from high-growth regions such as Asia.”

Gold-i has announced the integration of its Crypto Switch 2.0 with Binance, the world’s largest cryptocurrency exchange, in a move that enables Gold-i’s institutional clients to trade Binance’s and product offering with highly competitive pricing.

Capitalizing on Binance’s market-leading liquidity for investment and hedging opportunities, Gold-i continues to grow its flagship aggregation, liquidity management and distribution technology stack for digital assets.

Crypto Switch now offers broker and hedge fund clients a choice of 18 crypto specialist liquidity providers.

Client demand from Asian brokers and hedge fund clients

Tom Higgins, Chief Executive Officer at Gold-i commented: “We added Binance due to significant client demand, including from high-growth regions such as Asia. Binance is a fantastic exchange for us to have integrated with. It is the biggest exchange globally and this creates great opportunities for our clients. We have now completed our integration and are certain that this will drive even more demand from our institutional clients wishing to trade digital assets.”

The Gold-i Crypto Switch™ 2.0 provides an institutional solution for consuming and distributing crypto liquidity as it is connected to multiple crypto market makers and exchanges in order to ensure tight spreads, deep liquidity and low latency.

Fully integrated with central settlement and clearing partners, Crypto Switch provides fiat and digital asset settlement, regulatory compliance and institutional custody.

Gold-i is a renowned fintech within the FX and CFD industry that specializes in multi-asset liquidity management, advanced risk management tools, and business intelligence software.

The firm has recently realigned its sales operations as a result of a comprehensive business evaluation to optimize the quality of its liquidity management and digital asset capabilities.

To that end, Gold-i promoted its director of operations, Mark Alvarez-Buylla, to take on an expanded role as chief commercial officer (CCO). Gold-i said Mark played a key role in the development of its core products, and thus expects his elevation to be instrumental in accelerating momentum through 2022 and beyond. In his new role, he will lead Gold-i’s business and commercial strategy, with responsibility for the sales, marketing and finance functions.

Gold-i then promoted Joy Li as Head of APAC, where she will have overall responsibility for managing the team in the fintech’s Shanghai office and increasingly focus on the Crypto Switch solution, particularly in Hong Kong, Singapore, Japan, and Korea.

The Gold-i Bridge, Matrix and MAM are the firm’s signature products in Asia Pacific, but demand for trading digital assets continues to rise, which is leading Joy Li to spearhead a campaign to grow Gold-i’s client base of crypto fund managers in the region, managing their entire technology infrastructure including access to crypto market makers and clearing.

Read this next

Retail FX

eToro valuation halved as SPAC merger deadline expires

The deadline for the completion of the SPAC merger of eToro had passed yesterday, June 30, and the Israeli broker apparently canceled the deal with Betsy Cohen-backed blank-check firm.

Institutional FX

FXSpotStream reports second best figure for monthly volumes

Trading volumes on institutional FX platforms surged in June after fears over the impact of Russia’s military invasion of Ukraine sent speculative asset classes reeling.

Retail FX

Vantage expands MT5 offering with access to new stocks

ASIC-regulated foreign exchange brokerage Vantage has expanded its service offering and trading products by incorporating new markets, namely 14 exchange-based stocks on MetaTrader 5.

Digital Assets

CFTC charges $1.7 billion Bitcoin scam, largest to date

Mirror Trading accepted at least 29,421 Bitcoin from approximately 23,000 investors from the United States and even more throughout the world.

Retail FX

Spotware Systems upgrades cTrader Desktop to version 4.3

Spotware Systems, a technology provider for the electronic trading industry, has launched an updated version of its cTrader Desktop, which adds new functionality to join a roster of advanced trading capabilities.

Digital Assets

OKX launches Block Trading for tighter pricing

With Block Trading, users can integrate spot and derivatives trades on the same platform and trade multiple currencies in a single trade. The service supports trading of perpetual swap, futures, and option contracts with popular altcoins as the underlying.

Industry News

Interactive Brokers pays $1 million to settle with CFTC

Interactive Brokers overcharged its customers a total of $710,828.14.

Metaverse Gaming NFT

DappRadar launches cross-chain token staking

The launch of the cross-chain token staking mechanism by DappRadar comes under a partnership with LayerZero protocol, which enables smart contracts to communicate across different chains.

Digital Assets

Polkadot releases one-stop marketplace for Substrate pallets

Proof-of-stake blockchain Polkadot has achieved a significant feat in its development, as it rolls out Substrate Marketplace, a one-stop shop for exploring the many Substrate pallets currently available.