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Bitfinex Crypto Exchange and Swiss Market Synergy Launch Connection Network For Banks

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Wed, 07/11/2018 - 18:34
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Yuri Molchan
The two companies are developing a connection service for brokers and hedge funds
Bitfinex Crypto Exchange and Swiss Market Synergy Launch Connection Network For Banks
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Bitfinex, one of the biggest digital exchanges, announced the launch of a new crypto connection service aimed at corporate traders and investors. The exchange is doing it in a partnership with a Swiss provider Market Synergy.

The trading company intends to make a faster and safer crypto connection network as an addition to its FIX gateway. The goal is to meet the growing demand in it for corporate investors.

The Swiss partner

As part of the agreement, Market Synergy has built a network for FIX virtual asset gateway. It provides outsourced connection and hosts services and also FIX feed and the Internet service provider link.

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Apart from that, the Swiss company provides colocation services to the big financial institutions working with the trading platform.

The CEO of Market Synergy says the company’s team has closely worked with Bitfinex and estimated their needs and requirements and create all the necessary conditions for working with professional traders.

FIX gateway

FIX stands for Financial Information eXchange and it is a protocol for standard electronic communication for the crypto industry. It facilitates data between financial institutions by taking less time for trading.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.