back Back

Okcoin partners with PrimeXM, to use industry-leading trading & aggregation engine

By Edlyn Cardoza

March 24, 2022

  • API
  • B2B Trading Technology
  • Digital assets
Share

Okcoin, PrimeXM, B2B Trading Technology, XCore Technology, FX, ETFs, API, Liquidity, Digital Assets, Trade Finance, USAOkcoin, one of the world’s largest and fastest-growing cryptocurrency platforms, recently announced a partnership with PrimeXM, a leading provider of low-latency connectivity, aggregation, and B2B trading technology. With the integration of PrimeXM’s XCore technology, Okcoin is the first cryptocurrency exchange to become a liquidity provider in the XCore community, a global marketplace of 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).

Okcoin can now roll out hundreds of B2B/FIX API connections to financial institutions, giving standardised access to trade in digital assets to more brokers, hedge funds, family offices, proprietary trading desks, and e-trading platforms. Members of the PrimeXM XCore community—including CMC Markets, FXCM, Swissquote, and UOB Kay Hian, among other leaders—have the freedom to choose their trading counterparties in a cost-efficient manner. Okcoin will offer 24/7 connectivity and access to crypto investing and trading with a seamless experience for institutions using their existing technology stack.

“We’re pleased to team up with PrimeXM to make crypto more accessible,” said Khairi Azmi, Okcoin General Manager for Singapore and Head of Sales for Asia. “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.”

“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,” said Sam Su, PrimeXM Business Development Manager for Asia. “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.”

Okcoin is a regulated crypto exchange made up of the central limit order book system and OTC, supported by market participants from institutions and retail partners globally. Known for its low fees and transparent price discovery, Okcoin’s platform offers segregated wallets/subaccounts, leverage, post-trade settlement, and an unparalleled depth of crypto liquidity for institutions to complete their crypto purchases and trades.

Previous Article

March 24, 2022

Atal Agarwal joins LenDenClub as Head – Initiative & New Strategies

Read More
Next Article

March 24, 2022

SRTIP and Al Ansari Exchange partner to offer a new payment solution

Read More








IBSi Daily News Analysis

March 22, 2024

API

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Tempo France suspends classical remittances, to focus on DeFi

Read More

March 18, 2024

Zone raises $8.5m to scale its decentralized payment infrastructure

Read More

February 21, 2024

Boom launches Blockchain-based payments platform in Africa

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023