CrossTower partners with Omniex to advance institutional adoption of crypto

May 26, 2021 - Crypto investment and trading firm CrossTower today announced that digital asset trading platform Omniex has entered a new partnership to provide access to the CrossTower exchange for mutual clients, and to enhance CrossTower’s execution through the use of the Omniex platform. Omniex provides access to over 30 of the industry’s most trusted exchanges and OTC (over-the-counter) liquidity venues, now including CrossTower. Omniex customers are now able to access deep and liquid order books at CrossTower US and Global exchanges.

Omniex provides sophisticated algorithmic trading and smart order routing tools that give asset managers, active traders, and intermediaries including broker dealers and OTC desks, consolidated order books across the top venues. Displaying the consolidated pricing from all major digital assets markets, Omniex brings best execution to buyside and sellside market participants.

“The growth rate of the digital asset industry has outpaced the rise of centralised mechanisms to support the transparency and efficiency of crypto spot and derivatives markets around the clock and around the globe,” said CrossTower CEO and Co-Founder Kapil Rathi. “We appreciate Omniex’s recognition of our consistently best-of-book pricing to support these dynamic markets.”

CrossTower is proud to be added to the Omniex ecosystem, and recently reported a 200% increase in its month-over-month (MoM) trading volumes, making it one of the fastest growing U.S.-regulated digital asset exchanges. CrossTower credits its rapid growth to its price competitiveness and the breadth of its capabilities, including a recently launched capital markets desk with an expanded offering, such as structured products, lending and trade financing options, now including credit card payments.

“We’re excited to be partnering with CrossTower’s seasoned team to continue the institutional expansion of the crypto market,” said Hu Liang, CEO and Co-Founder, Omniex. “In addition to enabling access to the CrossTower exchange, we’re excited to have CrossTower tap into our world-class liquidity aggregation and execution to support their continued institutional expansion.”

Today, CrossTower supports trading in the most widely traded cryptocurrencies including Bitcoin, Ether, Litecoin, USDC, Bitcoin Cash, Stellar, Chainlink, Basic Attention Token, ZCash, 0x, MakerDAO MKR, MakerDAO DAI and Numeraire.