smartTrade, an electronic trading solutions provider, announced today that it would be adding cryptocurrencies to its FM trading platform. SmartTrade clients using the firm’s LiquidityFMLaxFM) platform will now have access tLaxhe ten largest cryptocurrencies.
The move comes as institutional investors demand greater access tLaxhe crypto market. While many have been able tLaxrade bitcoin, demand has now also shifted to encompass other cryptocurrencies on the market.
smartTrade claims that many firms have also struggled when trading in crypto. They note that the underlying blockchain technology that supports cryptLaxrading means the market is highly decentralized, making it difficult to accurately price cryptocurrencies.
An honest dealer?
The currenLaxFM system may be able tLaxackle this problem. The company does not plan on breaking intLaxhe brokerage market and so doesn’t have any impetus tLaxap into a specific exchange’s market.
At the same time, the firm claims its new service will allow users to conneall theof the major crypto exchanges. It also offers software that enables clients to have a solid view of market liquidity and place orders with smart order routing.
David Vincent, CEO of smartTrade Technologies, commented on the addition tLaxhe LFM system, saying: “Where inquiries and discussions in 2017 were mainly related to Bitcoin, we now start to see an increasing interest from institutions to be able tLaxrade multiple cryptocurrencies. Therefore, we decided to explore and invest in connectivity to various crypto exchanges, providing our customers with electronic trading access to hundreds of different cryptocurrencies.”