• Cypator Inc. has launched an ECN for institutional crypto trading participants.
• The platform is powered by best-in-class cloud and web technology and is live with multiple institutional participants utilizing the platform.
• Cypator also has a partnership in place with prime broker Hidden Road, which acts as a counterparty to all trades and facilitates both the credit risk and settlement of transactions.
Institutional Trading ECN Cypator Launches
Cypator Inc., an Electronic Communication Network (ECN) for institutional players, announced that it is live with multiple institutional participants utilizing the platform to trade crypto spot transactions. With its partnership in place with prime broker Hidden Road, indirect credit relationships are enabled, allowing a larger trading ecosystem between market makers (Liquidity Providers) and takers who receive unlimited liquidity from any connected Market Maker.
Frictionless Crypto Trading
Cypator provides clients with a counterparty who is willing to take on the risk (credit risk) of their trades, as well as offering a complementary trading solution that enables all players to trade seamlessly with each other. Cypator currently supports spot trading on a non-disclosed basis, but plans to expand in the future to support other product types.
Powered By Best-In-Class Technology
The ECN is powered by best-in-class cloud and web technology for fast execution times, minimal latency and reliable order routing across multiple venues. Backed by experienced management team led by Ayal Jedeikin (ex TradAir), Cypator looks to provide an optimal service experience through its high standards of security, privacy, speed and scalability.
Institutional Over The Counter Trading On The Rise
With OTC trading becoming increasingly popular due to the need for diversifying liquidity sources in a non-custodial fashion, players are able to benefit from better pricing and improved liquidity access via cypator’s ECN network. This allows market makers/liquidity providers much wider distribution than ever before when providing their services—without compromising on security or reliability.
Through its relationship with Hidden Road prime broker—and leveraging best-in-class cloud technology—Cypator offers institutions a secure platform for anonymous credit based execution of trades in crypto markets at lightning speed – without compromising on privacy or security