CrossTower partners with Bosonic 16 December 2020US Reporter: Maddie Saghir
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Digital asset exchange operator CrossTower has partnered with crypto-focused prime brokerage network Bosonic to allow all clients on the network to trade on CrossTower liquidity without the need to custody assets at the exchange.
CrossTower is the first exchange to be added to the Bosonic network.
The partnership means any institution using a custodian on the Bosonic network can now trade on CrossTower without shifting assets to CrossTower or needing to establish any credit lines.
CrossTower co-founder and CEO Kapil Rathi said: “The Bosonic network is a cornerstone of services we’re rolling out to bring institutions the liquidity they are looking for while minimising counterparty and settlement risk.”
Rathi continued: “We chose the Bosonic network because it enables exchanges to deliver liquidity to the maximum number of institutional clients including traditional fiduciaries.”
Rosario Ingargiola, CEO and founder of Bosonic, noted: "Our careful search for high-calibre trading partners led us to CrossTower because they’ve built an institutional-grade venue with liquidity the clients on our network want to access.”
“This relationship provides clients with a seamless onramp to CrossTower, enabling them to trade on CrossTower liquidity while keeping their assets in their own account at the custodian of their choosing,” added Ingargiola.
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Image: alphaspirit/Adobe Stock 