New institutional cryptocurrency trading platform BeQuant has announced its global launch.
The new solution is designed to aid professionals investing into and trading in a wide variety of crypto asset classes in a secure manner.
BeQuant is partnered with technology developer Multiexchange, who aggregates liquidity and works with institutions like HitBTC. Through the deal, BeQuant can establish itself in the market by offering liquidity of more than $150m in daily traded volume.
The company’s core matching engine gives users real-time clearing and order management algorithms.
Based in London, the company will be headed by cryptocurrency and institutional investment expert George Zarya. Supporting Zarya is former PayPal head of compliance Wilgenhof Plante, who will serve as the company’s chief of compliance.
The rest of the team is made of FCA-compliant brokers and blockchain specialists, and will be based across London and Malta.
BeQuant CEO George Zarya said, “Cryptocurrency is an exciting and appealing asset to both retail and institutional investors. The launch of the BeQuant exchange comes at a crucial time for the crypto market. For many, reliability and regulation are important factors to the health of the industry. With BeQuant, we aim to establish controls that are in line with both UK and international standards.”
Last week, US-based cryptocurrency exchange platform Radar Relay raised $10m in its Series A financing round led by Blockchain Capital. The company operates a wallet-to-wallet decentralised trading platform based on the trading of Ethereum-tokens built on the 0x Protocol.
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