Finery Markets Expands Into 26 African Countries With OVEX Partnership

Finery Markets has entered into a strategic partnership with OVEX to provide institutional crypto liquidity across 26 African countries, expanding access to local currency rails within its global network.
 

Under the agreement, OVEX will act as Finery Markets’ exclusive partner for African rails, becoming the dedicated access point to African markets for participants on Finery Markets’ non custodial crypto ECN and SaaS trading infrastructure.
 

Finery Markets’ technology supports institutional liquidity provision for $450 million in monthly trading volume across more than 150 digital assets. Through the partnership, counterparties will gain access to crypto and stablecoin trading pairs denominated in Ghanaian cedi, Kenyan shilling, Nigerian naira, Tanzanian shilling, Central African CFA franc, West African CFA franc and South African rand.
 

The companies said the arrangement is designed to support institutional adoption in Sub Saharan Africa, which has emerged as the third fastest growing market globally for on chain value in 2025. Stablecoins accounted for 43 per cent of crypto transaction volume in the region in 2024, according to the figures cited.
 

Finery Markets operates an electronic communication network offering request for quote, order book and quote stream trading through a single connection point. OVEX will distribute pricing to institutional counterparties across the continent, connecting them to global crypto capital markets.

 

Konstantin Shulga, CEO, Finery Markets

Konstantin Shulga, CEO, Finery Markets said:

"We are incredibly pleased to welcome OVEX, a key player in the African digital assets market, to our ecosystem. It gives our clients an upper hand in scaling their liquidity provision operations globally, backed by trusted institutional-grade setup. As stablecoins become a critical layer in digital finance, our partnership delivers enterprise rails to a market where adoption is accelerating at unprecedented speed and scale.”

Salman Allana, CCO, OVEX

Salman Allana, CCO, OVEX commented:

“At OVEX, we're focused on building the financial infrastructure that connects Africa to global digital asset markets. Finery Markets' ECN technology allows us to instantly scale price distribution across institutional counterparties. This partnership is a deliberate step in our broader mission to provide African market players with world-class trading infrastructure."

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