ION TradAir teams up with NY exchange BlockQuake on crypto liquidity
ION TradAir’s trading solution continues to undergo more updates and integrations that are designed to make it more dynamic for different market participants.
In this sense, the Israel-based provider of cloud trading technology solutions today revealed a new partnership with New York digital asset exchange BlockQuake.
Through this alliance, TradAir and BlockQuake are hoping to capture more business by further merging cryptocurrency and blockchain with traditional financial services. It also enables their respective clients to access deeper cryptocurrency liquidity and better pricing thanks to the alignment of market makers and liquidity providers.
All liquidity integration modules can be configured for a variety of business types, allowing their B2C and B2B clients to offer customized applications and workflows to each of their end-users.
BlockQuake takes a regulatory compliance first approach
BlockQuake, which launched operations in 2020, had applied for a New York State BitLicense, and is registered with the US Financial Crimes Enforcement Network as a money services business. Its centralized exchange, which is also pursuing SEC and CFTC registrations, provides traders with fiat on-ramps, multiple cryptocurrencies, and seven stablecoins.
“BlockQuake is on the path to become a one-stop-shop with multiple fiat gateways into and out of various cryptocurrencies and stablecoins,” said Antonio Brasse, CEO and Co-Founder of BlockQuake. “Through this partnership, we will tap into a wider customer base and not only be able to service retail clients globally but also institutions, family offices, and other entities interested in transacting high volumes. I look forward to this alliance as it will enhance overall liquidity integration, creating a better user experience and ultimately, drive greater adoption into the industry.”
Brian Liedberg, Chief Business Officer at TradAir, added: “We’re delighted to be partnering with BlockQuake, extending our solutions to benefit ION’s customers. Through this partnership, BlockQuake will be able to provide deeper liquidity and better pricing to its customers while TradAir will benefit from interfacing with a new powerful exchange geared to the trading and investing community.”
TradAir, which is owned by financial data and software provider ION Group, offers its customers access to FX liquidity sourced from major bank and non-bank liquidity providers, delivered via TradAir’s HTML5 eFX platform. The technology developer positioned itself as an ideal partner for many brokerages as the company deploys its servers in several locations, including London, New York, Singapore, and Tel Aviv. Back in 2020, the privately owned company raised $11 million in a Series D funding round, led by GF Investments and the family office of Harvey Golub, the former CEO of American Express.