We're starting live testing real-time trade clearing together with multiple custody providers.
This is game changer for institutional players onboarding.
@bitfinex
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Replying to @paoloardoino @bitfinex
What will this mean to institutions exactly?
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Replying to @LeeWallisUK @bitfinex
Institutions coming from traditional markets are used to have risk segregation: trading venue, custody, clearing separated. Crypto exchanges are a all in one solution. With our new offering we are supporting external custody and clearing.
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I would assume that the initial use case will be with other crypto exchanges ? Can you give us some names of organizations you are currently testing with ?
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There is Definitely an ocean of opportunity in the larger institutional, enterprise,FX etc level spaces. Trade Clearing in reagards to these markets is massive in terms of volume. Do you plan to leverage L2 scaling for them?
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Indeed we are in the talks to leverage layer 2 solutions to reduce settlement costs
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Seems like a natural progression. Thanks for the quick reply
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