Matrixport Launches Phoenix Prime: A Game-Changer in Cryptocurrency Prime Brokerage Services
SINGAPORE – 04/04/2024 – (SeaPRwire) – Matrixport, a prominent player in the global digital assets landscape, has introduced its latest prime brokerage service, Phoenix Prime, aiming to revolutionize access to the cryptocurrency market. This innovative offering combines cutting-edge technology with a quant-driven approach to provide traders with seamless access to liquidity and enhanced capital efficiency.
Phoenix Prime stands out with its state-of-the-art Smart Order Router (SOR), enabling trading firms to access spot, perpetual swaps, and dated futures liquidity from major exchanges like Binance, OKX, and Bybit with unparalleled speed and efficiency. The service is set to expand further by onboarding additional exchanges, broadening the range of liquidity sources available to clients. Moreover, upcoming enhancements will focus on optimizing capital efficiency, empowering trading firms to manage their resources strategically.
By addressing the complexities associated with integrating across multiple exchanges and meeting regulatory requirements, Phoenix Prime offers trading firms a comprehensive solution for their liquidity and compliance needs. With its emphasis on speed, cost-effectiveness, and convenience, the platform ensures efficient capital management and effective mitigation of counterparty risk through features like instant cross-exchange transfers, off-exchange settlement, and competitive lending services.
Daniel Egloff, the Global Head of Prime Brokerage at Matrixport, emphasized the significance of Phoenix Prime’s technology-driven approach, stating, “As the crypto market evolves, the prime brokerage landscape is shifting away from traditional models. Phoenix Prime’s smart order routing technology resolves the challenge of fragmented liquidity, offering traders lightning-fast execution with potential latency as low as 30 microseconds. This enables trading firms to seize new opportunities, optimize capital usage, and reduce counterparty risk, all while enjoying competitive execution costs.”
About Matrixport
Matrixport is a leading digital assets ecosystem providing comprehensive crypto financial services to address the evolving needs of asset management, trading, and custody. The company’s suite of offerings caters to institutional and accredited investors, including Cactus CustodyTM, spot OTC, asset management, and tokenization of real-world assets.
With a track record of managing USD 4 billion in digital assets and achieving unicorn valuation in 2021, Matrixport has been recognized as one of the most promising blockchain companies worldwide by CB Insights in 2022. Through strategic collaborations with early-stage Web3 innovators, the company actively contributes to the growth and development of the blockchain ecosystem.
Headquartered in Singapore, Matrixport holds various licenses, including a Hong Kong Trust Company License, Money Lender License, FCA Appointed Representative, and Swiss FINMA SRO-VQF Membership. For more information, visit https://www.matrixport.com/.
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