These are exciting times for the cryptocurrency industry as a whole. Bitcoin and altcoins remain incredibly popular among financial players. Aquis and Archax are teaming up to create a new institutional crypto exchange. This new platform is slated to go live in the first half of 2019.
Bringing cryptocurrency to institutional investors remains a key challenge. Various companies have come and tried, yet none have made a meaningful impact. The partnership between Aquis Technologies and Archax may yield very different results. Aquis has a suite of exchange operations services and tools which will be encompassed in the upcoming exchange platform.
Institutional Investors And Bitcoin
Aquis Exchange PLC is a publicly traded company on the London Stock Exchange’s AIM. Their expertise and technology will be of great help in launching this new trading platform. By purposefully targeting institutional traders, the new venture will be very different from traditional cryptocurrency exchanges. It may introduce a lot more people to the likes of Bitcoin in the coming years.
Archax CEO Graham Rodford adds:
“It was vital for us to work with an existing provider of cutting-edge, traditional exchange technology with a strong record of delivering products, systems and services to third parties. Having reviewed a large number of options, it was clear that Aquis was a perfect fit for us and the winner in terms of performance. The fact that so many market participants are already familiar with their technology was a key factor in us selecting them. We believe that using a regulated MTF operator to run our core matching engine, as well as leveraging Aquis’ market surveillance team, will also fast track our time to market.”
The goal is to launch a high-speed and high-capacity trading platform. The underpinning matching engine and surveillance solution will be critical in this regard. Combined with the proper operations and post-trade tools, this institutional-grade exchange can be of great interest to the right people.