Finery Markets Enhances Liquidity Pool with Addition of Stillman Digital

Finery Markets, a  non-custodial cryptocurrency Electronic Communication Network (ECN) and provider of SaaS trading solutions for institutional clients, has announced a strategic partnership with Stillman Digital, a global technology and digital asset liquidity provider.

This collaboration marks a significant expansion of Finery Markets' liquidity pool, integrating Stillman Digital's substantial trading volumes, which exceeded $5 billion in Q2 2024 alone. The partnership will enhance the network of regulated counterparties available on Finery Markets' ECN through its suite of products including FM Marketplace, FM Liquidity Match, and FM White Label.

Stillman Digital, which has facilitated over $20 billion in trade volume since 2021, brings to the table a comprehensive range of liquidity solutions. These include electronic trade execution, market making, OTC block trading, and on/off-ramp services. As a liquidity provider on Finery Markets, Stillman Digital will operate within the firm quotes in the order book, serving counterparties across Finery Markets' product range.

Konstantin Shulga, CEO of Finery Markets, expressed enthusiasm about the partnership: "We are pleased to welcome Stillman Digital to our lineup of global liquidity providers available on Finery Markets. With Stillman Digital on board, our liquidity takers—including payment companies, OTC desks, brokers, and digital asset firms—will benefit from competitive pricing across a diverse range of asset pairs."

Jack West, Co-founder of Stillman Digital, highlighted the strategic importance of the collaboration: "By integrating with Finery Markets, we will be offering our liquidity solutions and trading services to a broader customer base. We believe that crypto ECNs represent a dynamic market structure component that will foster innovation and enable us to enhance our market footprint by delivering the most competitive pricing available within their ecosystem."

Finery Markets, established in 2019, has become a crucial player in the institutional crypto trading landscape, enabling over 100 global businesses dealing in digital assets to access OTC liquidity. The addition of Stillman Digital, with its multiple crypto licenses and registrations across various jurisdictions, is expected to significantly boost the platform's liquidity and trading capabilities.