India-based A2ZCrypto partners with Finery Market to operate OTC cryptocurrency
Indian cryptocurrency startup A2ZCrypto has partnered with Finery Markets, a leading non-custodial cryptocurrency ECN and trading infrastructure provider for institutional players. The goal of this collaboration is to revolutionize over-the-counter (OTC) cryptocurrency operations in the region and provide a seamless convergence of cutting-edge technology and broad market liquidity.
Under this partnership, A2ZCrypto will leverage Finery Markets’ liquidity matching technology to facilitate OTC cryptocurrency trading for its customers. This integration represents a significant step forward in consolidating decentralized cryptocurrency/INR liquidity while expanding the accessibility of digital assets to a wider audience.
FM Liquidity Match
FM Liquidity Match offers a comprehensive trading solution with a proprietary matching engine that is ideal for market participants looking to seamlessly build an electronic over-the-counter (OTC) trading business.
Operating through a sub-account model, this model allows a broker, prime broker, OTC desk or liquidity provider to create a master account and then create multiple sub-accounts for their clients. Each sub-account functions independently, with its own balances, positions, and trading history, while the master account oversees user access, risk management, and overall trading parameters. With GUI or API accessibility, FM Liquidity Match ensures efficient customer relationships and smooth transaction execution throughout the entire cycle.
A2ZCrypto Eyes Reaches Broader Audience Through Finery Markets Partnership
Krishnendu Chatterjee, A2ZCrypto CEO, emphasized the harmony of this collaboration with the company’s mission to provide unparalleled value to its customers. “Our primary goal has always been to create value for our customers through the best trading technology and competitive exchange rates,” asserted Chatterjee. “This collaboration aligns perfectly with our goal of unifying decentralized cryptocurrency/INR liquidity and enabling it to connect with a wider audience.”
It was founded in 2020 and is headquartered in Kolkata. A2Z encryption It has quickly emerged as a virtual digital asset service provider specializing in cryptocurrency-fiat on/off ramps, OTC business, and cryptocurrency education. The company’s powerful platform facilitates INR-to-cryptocurrency swaps, allowing users to trade seamlessly in Bitcoin, Ethereum, USDT, and USD91.
A2ZCrypto’s commitment to compliance and security is highlighted by its registration with the Financial Intelligence Unit of India (FIU-IND) under the Prevention of Money Laundering Act (PMLA). This regulatory compliance instills trust among users and positions A2ZCrypto as a trusted player in the fast-growing Indian cryptocurrency market.
Additionally, A2ZCrypto’s role as liquidity provider for Finery Markets’ liquidity match, marketplace and interdealer platform is a significant milestone in strengthening the trading infrastructure for global cryptocurrency institutions. A2ZCrypto aims to bridge the gap between the traditional financial system and the rapidly growing digital asset ecosystem by introducing the INR quote for fiat-crypto asset pairs provided by a variety of global liquidity providers.
Konstantin Shulga, CEO of Finery Markets, expressed his enthusiasm for the strategic partnership, highlighting its pivotal role in the company’s expansion into the APAC region, particularly India. “By combining FM liquidity matching technology with A2ZCrypto’s INR-to-crypto swap facilitation expertise, we have created a system that simplifies INR trading for the multitude of market participants dealing with digital assets,” Shulga said.
The collaboration between Finery Markets and A2ZCrypto is poised to fuel innovation in the digital asset trading space by providing customers with an enhanced trading experience and robust banking support. Leveraging Finery Markets’ advanced trading software and extensive institutional OTC liquidity pools, the partnership seeks to streamline trading, increase transparency and mitigate risk in the evolving cryptocurrency landscape.
As India’s cryptocurrency ecosystem continues to evolve, the A2ZCrypto-Finery Markets partnership sets a precedent for strategic collaboration to drive adoption and foster innovation in the rapidly growing digital asset market.
Also Read: AI and Bitcoin Reign Supreme, but What Will Happen in 2024?
