OkCoin joins PrimeXM’s community of LPs

Rick Steves

PrimeXM was founded in 2010 and offers aggregation pricing and trading engine through its XCore technology, a B2B/FIX API engine supporting high-end MT4/MT5 bridging technology, which is integrated with hundreds of other 3rd party maker & taker OMS/EMS systems.

Okcoin has partnered with PrimeXM, the low-latency connectivity, aggregation, and B2B trading technology firm, and became the first cryptocurrency exchange acting as a liquidity provider in the XCore community.

PrimeXM’s XCore is a global marketplace of more than 250 institutional maker and taker firms that transact on average more than $55 billion per day in foreign exchange (FX), spot metals, contract for differences (CFDs), futures, stocks, and exchange-traded funds (ETFs).

The XCore community includes top market participants such as CMC Markets, FXCM, Swissquote, and UOB Kay Hian and provides the freedom to choose their trading counterparties in a cost-efficient manner.

Institutional demand for crypto at an all-time high

Okcoin is a regulated crypto exchange that offers segregated wallets/subaccounts, leverage, post trade settlement, and an depth of crypto liquidity for institutions to complete their crypto purchases and trades.

Okcoin is said to have been the first centralized exchange to offer direct entry into decentralized finance (DeFi) with Earn, a tool for earning APY through decentralized lending, liquidity pools, staking, and more.

The platform is made up of both the central limit order book system and OTC, supported by market participants from institutions and retail partners globally.

The integration with XCore will allow Okcoin to roll out hundreds of B2B/FIX API connections to financial institutions, giving standardized access to trade in digital assets to more brokers, hedge funds, family offices, proprietary trading desks, and e-trading platforms.

Okcoin will offer 24/7 connectivity and access to crypto investing and trading with a seamless experience for institutions using their existing technology stack.

Khairi Azmi, General Manager for Singapore and Head of Sales for Asia at Okcoin, commented: “We’re pleased to team up with PrimeXM to make crypto more accessible. The demand among institutions for crypto solutions is at an all-time high, making the integration of XCore a natural step for us to take. We look forward to bridging the gap between institutional trading and digital assets as part of the XCore community.”

Sam Su, Business Development Manager for Asia at PrimeXM, said: “We are excited to welcome Okcoin as a crypto exchange liquidity provider into our growing XCore trading community, enabling them to service their institutional clients with our technology. We look forward to working with the Okcoin team to establish new ‘win-win’ opportunities while connecting the booming digital assets market with traditional financial and e-trading platforms.”

PrimeXM was founded in 2010 and offers aggregation pricing and trading engine through its XCore technology, a B2B/FIX API engine supporting high-end MT4/MT5 bridging technology, which is integrated with hundreds of other 3rd party maker & taker OMS/EMS systems.

Read this next

Digital Assets

BlackRock digs further into crypto with metaverse ETF

BlackRock, the world’s largest asset manager with almost $10 trillion in AUM, is set to launch a new metaverse ETF to help investors securely monetize on the booming immersive version of the internet.

Digital Assets

Binance wins license in New Zealand as rival Huobi shutters derivatives

Binance, the world’s largest crypto exchange by traded volume, has obtained licenses to operate in New Zealand, even after rival Huobi shutdown derivatives trading last month due to concerns about regulations.

Retail FX

Hong Kong busts perpetrators of ‘ramp and dump’ scam

Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has charged thirteen suspects of market manipulation in a joint operation with the local police.

Institutional FX

TradingView integrates market data from German Tradegate exchange

TradingView announced that it ‎has increased data coverage to allow its users to receive information from ‎and get free access to the intra-day and tick data from Tradegate Exchange.

Retail FX

Spotware Systems introduces Custom Push Notifications for cTrader mobile apps

Spotware Systems, a technology provider for the electronic trading industry, is introducing a new push notification feature to alert mobile users of price swings and market fluctuations through their cTrader app.

Market News

The Week Ahead: 30 September from David Madden, Market Analyst at Equiti Group

Sterling dominated the headlines last week, as there were concerns the UK government might struggle to service its debt.

Inside View

How does the quality of signal providers affect your business?

A must-have onboarding process for brokers with investment services like PAMM, MAM, or copy trading


DBS deploys Nasdaq Trade Surveillance

“The confidence that markets and our clients have in DBS as a safe and trusted banking group is anchored on our ability to detect and respond to anomalous activity, which in turn calls for a robust surveillance and prevention infrastructure.”

Industry News

SEC charges Justin Costello and David Ferraro for securities fraud and posing as billionaire veteran

The Securities and Exchange Commission charged Cannabis executive Justin Costello and David Ferraro, an associate of Costello’s, for promoting the stock of several microcap companies on social media without disclosing their own simultaneous stock sales as market prices rose.