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1Konto and Finery Markets have announced a partnership to enhance over-the-counter (OTC) cryptocurrency liquidity and institutional trading capabilities, amid growing institutional demand for digital assets.
The collaboration will see 1Konto integrate Finery Markets' technology to provide quotes across 50 digital assets and five major fiat currencies through FM Marketplace, FM Liquidity Match and FM Whitelable platforms.
According to Finery Markets' analysis, institutional trading volumes have shown double-digit growth for nine consecutive months, with OTC crypto market activity up 89% year-over-year.
Konstantin Shulga, CEO of Finery Markets, said: "We are excited to welcome 1Konto to our ECN. This partnership will provide significant value to institutional players globally by offering access to deep liquidity and competitive pricing. In many instances, the OTC trading setup proves more efficient for institutional trades, and with 1Konto's on-ramp/off-ramp capabilities, this offering becomes particularly appealing."
Edwin Handschuh, CEO of 1Konto, added: "We are excited to partner with Finery Markets and leverage their advanced ECN technology to enhance liquidity across digital assets and fiat currencies. This collaboration enables us to provide institutional clients with transparent, efficient trading solutions, addressing counterparty risk and streamlining operations. By joining forces, we contribute to a more resilient trading environment, offering tighter spreads and improved market efficiency to institutional investors worldwide."
Finery Markets, launched in 2019, operates as a non-custodial crypto Electronic Communication Network (ECN) serving over 100 digital asset clients across 35 countries. 1Konto provides OTC liquidity and offers Bitcoin-backed loans with assets held in bank custody without rehypothecation.
