OTCXN, a blockchain-powered capital markets infrastructure company today announced that Fractal Wealth, a proprietary algorithmic trading firm that trades digital assets, has joined its network.
This news comes just days after OTCXN revealed that OSL, an OTC digital asset brokerage company in Asia-Pacific, has also joined its network.
“We are pleased to have Fractal Wealth join the OTCXN network. They represent a unique source of liquidity for our rapidly growing and diverse institutional client base. As an algorithmic trading firm, they will benefit from the ability to trade programmatically on OTCXN’s ECN, LiquiMatch. OTCXN’s aggregated liquidity spans both native, resting dark and lit orders, executable quote streams from major liquidity providers, plus institutional, as well as retail exchanges that have joined the network. All liquidity on the OTCXN network is actionable – or tradable – with Fractal Wealth holding a single collateral account at their custodian on the OTCXN network,” says Rosario Ingargiola, CEO and founder of OTCXN.
Carson Cook, CEO of Fractal Wealth, comments: “Counterparty risk and risk of centralised exchange hacking are some of the biggest barriers to institutional adoption of digital assets. OTCXN offers a great product that removes these risks and also provides efficient trading between counterparties. By allowing firms to keep their assets at their custodian, OTCXN also can help simplify the process of moving funds between trading venues. At Fractal Wealth, we are excited to partner with OTCXN and provide liquidity on their platform.”
Fractal Wealth is a digital asset proprietary trading and technology firm, employing algorithmic strategies to source and offer liquidity in unique ways. Fractal Wealth specialises in cryptocurrency market making across centralised exchanges, decentralised exchanges, and decentralised finance platforms. Additionally, it offers trading technology solutions to institutional clients.