On May 23 the cryptocurrency portfolio and risk management platform Caspian Tech announced a partnership with the Seychelles based trading platform the Bitcoin Mercantile Exchange (Bitmex). The move aims to bring Caspian closer to being an all-in-one platform with access to multiple exchanges.
Full Stack Portfolio Management Firm Caspian Partners With Bitmex
The firm Caspian is making partnerships across the cryptocurrency ecosystem in order to become an all-in-one institutional, investor-focused portfolio management system. This week the firm partnered with Bitmex so now Caspian customers will have a unified trading module with more liquidity. Additionally, the firm provides Order and Execution Management System (OEMS), Risk Management System (RMS), and a Portfolio Management System (PMS).
Arthur Hayes, the co-founder of Bitmex, says the collaboration with Caspian makes sense because “Bitmex employs the latest in multi-factor security, inside and out.”
Bitmex offers quite a bit of liquidity as in the last 30 days the exchange has managed to swap $3Bn in trade volume. The firm offers leveraged trading and futures for multiple cryptocurrencies and claims to have “300 percent more Bitcoin/USD liquidity than any other platform.” Robert Dykes, CEO of Caspian, believes the company can leverage the firm’s multi-factor security – which is an issue of increasing interest to the company’s target market.
“Our aim at Caspian is to drive exponential growth in crypto-trading participation amongst institutional and sophisticated investors,” Dykes explained during the announcement.
Caspian Has Also Partnered With the OTC Fund Octagon and the Gemini Exchange
Essentially Caspian is a joint venture tethered to the firm Tora which provides an OEMS global trading platform alongside a blockchain firm called Kenetic. The company says its main mission is to offer sophisticated traders bank-grade security and trading technology. This month Caspian has been making partnerships with market makers like Bitmex as the firm recently partnered with Octagon, Asia’s largest OTC crypto-fund, and the Gemini exchange on May 4. The news follows many cryptocurrency exchanges looking to offer institutional grade financial services within their platforms while Caspian hopes to provide a Swiss army knife of exchanges.
What do you think about the Caspian services partnering with exchanges to offer a sophisticated trading service for institutional investors? Let us know your thoughts on this subject in the comments below.
Images via Shutterstock, Caspian, and Bitmex.
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