ROAD TOWN, Tortola, British Virgin Islands – August 15, 2024 – Bitfinexa modern digital asset trading platform, has announced a collaboration to explore a strategic integration with Komainu Connect, a regulated digital asset custodian. The merger is expected to allow institutions and sophisticated investors to leverage Bitfinex's deep liquidity and advanced trading features while maintaining the security of their assets in a unique regulated custody environment. This collaboration is enabled by Ledger Enterprise's trading and settlement technology, Ledger Tradelink
which enables institutional customers to trade through the Bitfinex platform.
By working with Bitfinex, the Komainu Connect integration is expected to allow institutions to trade on one of the world's most liquid markets for crypto assets, while keeping their assets separate with a custodian regulated. One of the main benefits that institutions will receive from this integration is the ability to enjoy uninterrupted trading on Bitfinex without having to move assets frequently on-chain, as well as the security offered by keeping assets held by Komainu.
The integration was the latest remote escrow solution offered by Bitfinex, and follows similar arrangements it has with other escrow partners, both of which have proven popular with clients. -institutional purchase.
Traders with funds on Komainu Connect and a verified account on Bitfinex will be able to allocate a portion of their funds under custody for trading, starting a lock at Komainu. At the same time, Komainu Connect will contact Bitfinex via an API connection. After approval, Bitfinex will provide the trader with a balance equal to the locked amount, enabling seamless trading with the specified asset.
“Our collaboration with Komainu Connect demonstrates our commitment to expanding secure trading options for our customers and provides an additional layer of security to institutional investors by allowing them to access a custody solution regulated Komainu while still having access to Bitfinex's strong trading environment,” said Paolo Ardoino, CTO of Bitfinex.
We are delighted to welcome Bitfinex to our Komainu Connect platform,” he said Paul Frost-Smith, Co-CEO at Komainu. “This collaboration expands our ecosystem of trusted exchanges, enabling greater liquidity across our growing network of trading venues from centralized exchanges, OTC desks, market makers and prime brokers .
“Our collaboration with Komainu and Bitfinex heralds a new era for capital markets through the launch of a new open protocol standard for off-exchange trading. We have long believed that establishing a unified standard for off-exchange collateralization and settlement among custodians, exchanges, and liquidity providers is critical to scaling the institutional digital asset market . We are delighted that Komainu and Bitfinex have chosen to integrate Tradelink's Ledger technology, and we look forward to bringing this innovative solution to market.”added Sebastien Badault, Executive VP of Enterprise Revenue at Ledger.
As compliance gains more visibility as regulations evolve, cryptocurrency exchanges have a critical responsibility to protect customer assets. Bitfinex's collaboration with Komainu Connect highlights the exchange's proactive approach to compliance.
For more information about Bitfinex visit it https://www.bitfinex.com/.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform that offers innovative services to traders and global liquidity providers. In addition to a series of advanced trading features and registration tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex's strategy is to provide unparalleled support, tools, and innovation to experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
Forward looking statements
Certain statements in this release may be forward-looking in nature. The words “believe,” “expect,” “estimate,” “could,” “should,” “expect,” “may,” “plan,” “seek,” “anticipate,” ” project” and other similar expressions among others. , usually indicate “forward-looking statements,” which speak only as of the date the statements are made. The matters discussed in these forward-looking statements are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those anticipated. or to be understood in the intended statements. Neither Bitfinex nor any other person undertakes any obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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