Okcoin partners with PrimeXM to enhance liquidity

Dynamically developing crypto platform Okcoin has partnered with leading connectivity, low-latency, B2B trading, and aggregation technology provider PrimeXM, Invezz learned from a press release posted on PR News Wire.

PrimeXM’s XCore market daily transaction volume is $55B+

By integrating PrimeXM’s XCore technology, Okcoin becomes the first crypto exchange in history to provide liquidity to the XCore community. This is a global marketplace with more than 250 institutional maker and taker companies. Total daily transactions in FX, stocks, spot metals, CFDs, futures, and ETFs exceed $55 billion on average.

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New opportunities

The crypto exchange is now able to launch hundreds of B2B/FIX API connections to financial institutions, providing more brokers, hedge funds, family offices, proprietary trading desks, and e-trading platforms with standardized access to trade in digital assets.

The freedom to choose trading counterparties

Members of the PrimeXM XCore community, which include FXCM, UOB Kay Hian, CMC Markets, Swissquote, and other notable organizations can choose their trading counterparties cost-efficiently. Okcoin will offer 24/7 access and connectivity to crypto trading and investing with a seamless experience for organizations, utilizing their existing technology stack.

Khairi Azmi, Okcoin General Manager for Singapore and Head of Sales for Asia, commented:

We’re pleased to team up with PrimeXM to make crypto more accessible. The demand among institutions for crypto solutions is at an all-time high, making the integration of XCore a natural step for us to take. We look forward to bridging the gap between institutional trading and digital assets as part of the XCore community.

Sam Su, PrimeXM Business Development Manager for Asia, added:

We are excited to welcome Okcoin as a crypto exchange liquidity provider into our growing XCore trading community, enabling them to service their institutional clients with our technology. We look forward to working with the Okcoin team to establish new ‘win-win’ opportunities while connecting the booming digital assets market with traditional financial and e-trading platforms.

Transparent prices and low fees

Okcoin is known for its transparent price discovery and affordable fees. The platform offers leverage, segregated wallets, post trade settlement, and unparalleled crypto liquidity for users to make crypto purchases and trades.