OKX’s institutional clients can now trade via CoinRoutes for best execution
“Through this agreement, we’ve strategically expanded our broker landscape and enhanced the products, services and incentives available to users to further strengthen the trading experience.”
Digital asset exchange OKX and algo trading provider CoinRoutes have expanded their partnership to include a full range of API-enabled trading services to institutional clients, the two leading crypto-specialized firms announced.
With the introduction of a full range of API-enabled trading services, institutional users with an OKX account can now trade on OKX through the CoinRoutes interface.
CoinRoutes: A crypto EMS for best execution featuring algo trading, market data, and TCA
Founded in 2017, CoinRoutes offers advanced trading algorithms, market data dashboards, and a proprietary transaction cost analysis feature that measures trading performance. Order types include automated spread trading and multi-product trading in a single order.
The institutional grade crypto trade Execution Management System (EMS) helps participants achieve best execution by trading on over 65 major CEXs, DEXs, and Liquidity Providers covering more than 3,000 assets (spot, perpetuals, futures) via a single API or its trading app.
In a single order, institutional players can trade across DeFi and CeFi, using CEXs, DEXs, and LPs through CoinRoutes’s system, which also allows them to choose counterparties instantly and diversify counterparty risk.
The platform also features advanced algorithms, including automated spread trading and multi-product trading in a single order, which are designed to achieve the lowest costs while minimizing market impact and filling orders faster to reduce slippage.
Moreover, CoinRoutes has a built-in transaction cost analysis (TCA) to evaluate trading performance across its five benchmarks, including the firm’s proprietary Cost Calculator.
“We’ve strategically expanded our broker landscape”
Lennix Lai, Chief Commercial Officer at OKX, said: “Our expanded integration with CoinRoutes, one of the largest crypto order execution management systems (OEMS) in the world, gives OKX institutional users a very powerful partner through which they can optimise trading strategies. Through this agreement, we’ve strategically expanded our broker landscape and enhanced the products, services and incentives available to users to further strengthen the trading experience.”
Dave Weisberger, CEO and Co-founder at CoinRoutes, said: “We are excited to announce our integration with OKX, one of the leading global cryptocurrency exchanges. This strategic alliance aligns with our mission of providing the most comprehensive and best performing digital asset trading solutions to our clients globally. By leveraging OKX’s extensive liquidity and superior transparency, we’ll continue to bolster our clients’ trading strategies, amplifying their potential for superior execution. As we expand our global footprint, this is an important step for us, as it further underpins our commitment to innovation and efficient, data-driven trading solutions.”