Tilde, an Asian cryptocurrency liquidity provider, announced on Wednesday that it has teamed up with TradAir, a trading technology solutions provider, to provide electronic cryptocurrency liquidity to its institutional customers in Asia.
Through the partnership, clients of Tilde will be able to trade a variety of cryptocurrencies through TradAir’s HTML5 cryptocurrency native trading platform. The instruments available for trading will include niche pairs.
This is Tilde’s first cryptocurrency white labeling partnership in Singapore. The partnership will also give Tilde’s clients access to a suite of TradAir’s analytical tools, which, among other things, allows traders to monitor customer credit and trade risk.
Tilde and TradAir Aim to Capitalize on Maturing Crypto Market
For those who aren’t aware, Tilde is an over-the-counter (OTC) cryptocurrency trading service and market maker. It was only launched recently in July of this year, by the Asian proprietary trading firm Grasshopper.
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Commenting on the partnership, John Lin, the founder and Chief Executive Officer (CEO) of Grasshopper and Tilde said: “as the cryptocurrency market matures and institutional investors become more involved, we want to facilitate the trading process by maximising efficiency while minimising risks in their interactions with OTC desks.”
“TradAir’s platform is intuitive and with Tilde it offers best execution that delivers an exceptional trading experience. We are excited about the partnership and look forward to transforming the cryptocurrency trading arena for our clients.”
TradAir, on the other hand, provides a range of trading technologies including a rating engine, distribution technology, and trading analytics solutions. Its best-known product, however, is its white label trading platform.
Ayal Jedeikin, the CEO of TradAir added: “we are thrilled to have Tilde as our first cryptocurrency client in Asia. Combining Tilde’s unique cryptocurrency liquidity network with TradAir‘s trading platform is a winning proposition for institutional traders that need the breadth of cryptocurrency offerings with the tools and performance of an institutional grade GUI.”