Silicon Valley-based Integral Development Corp., a provider of end-to-end electronic trading platforms, has just announced that it is beginning a co-operation with a cryptocurrency exchange called Mint Exchange. The crypto venue has licensed a trading terminal powered by Integral to help launch its “institutional grade cryptocurrency exchange.”
Integral has been tending to the recent surge in demand for cryptocurrencies. The financial technology company initially integrated a handful of the world’s leading digital currencies into its OCX trading platform in late 2017. And earlier this year, it expanded its crypto offering to include 14 different virtual coins, linking 16 crypto exchanges from around the world.
2020 Global Market Outlook: How the “Known Unknowns” Can Affect CurrenciesGo to article >>
Mint Exchange seems to be particularly proud of the fact that it will be able to leverage the resources of Integral, including their regulatory and operational practices, cloud-based workflow management and trading platform. As such, the partnership further bridges the gap between traditional finance and the blockchain sector which brings added value to its customers, as well as providing familiar expertise for non-crypto investors to explore the world of virtual tokens.
A collaboration with a renowned player in FX business
“We chose to build Mint Exchange on the Integral FX platform because of its history of innovation and reliability. Integral processes over $40 billion/day in fiat currency trading, so we’re confident that it can handle our cryptocurrency volumes,” said Masato Kikuchi, Managing Director of Mint Exchange.
Over the past few years, Integral has managed to continuously improve its products, and reduce costs for its users. The company has maintained pursuit of its agenda to improve execution across the FX market. In 2015, Integral launched its Open Currency Exchange (OCX), aimed at improving liquidity levels by aggregating direct, indirect and resting order liquidity into one central exchange. While it initially launched with a monthly subscription cost of $275, it was soon lowered to $2.75 per million to accommodate the trading volume of each user, rather than imposing an even charge to clients of all sizes.