Okcoin Partners with PrimeXM, Becomes First Cryptocurrency Exchange to Use Industry-Leading Trading & Aggregation Engine
Okcoin, one of the world’s largest and fastest-growing cryptocurrency platforms, announced a partnership with PrimeXM – a leading low-latency connectivity, aggregation, OMS, Risk, and B2B Trading, technology provider. Okcoin will license PrimeXM’s XCore technology and become the first cryptocurrency exchange to become a native XCore Community Crypto provider servicing the existing buy-side brokerage community. Pricing and trading will be provided 24/7 except during the short weekend maintenance window when in most cases Clients experience a restart/down-time of less than 1 min.
Using XCore technology, Okcoin will also be able to roll out hundreds of B2B/FIX API connections to financial institutions giving standardized access to trade in digital assets to brokers, hedge funds, family offices, and proprietary trading desks and e-trading platforms.
“We’re pleased to team up with PrimeXM to make crypto more accessible,” said Khairi Azmi, Okcoin General Manager for Singapore and Head of Sales for Asia. “The demand among institutions for crypto solutions is at an all-time high, making the integration of XCore a natural step for us to take. We look forward to bridging the gap between institutional trading and digital assets as part of the XCore community.”
“We are excited to welcome Okcoin as Crypto exchange – liquidity provider into our growing XCore Trading Community, looking to service their institutional Clients via our technology stack” said Sam Su, PrimeXM Business Development Manager for Asia. “We are looking forward to working with the Okcoin team, to establish new “win-win” opportunities while bridging the booming digital assets with traditional financial products and e-trading platforms.
Okcoin is a regulated crypto exchange made up of both the central limit order book system and OTC, supported by market participants from institutions and retail partners globally. Known for its low fees and transparent price discovery, Okcoin’s platform offers segregated wallets/subaccounts, leverage, post trade settlement, and an unparalleled depth of crypto liquidity for institutions to complete their purchase and crypto trading. For more information, please visit okcoin.com/institutions.
Founded in 2013, Okcoin is a US-headquartered cryptocurrency exchange serving 190+ countries and territories. The platform enables retail and institutional investors to purchase 50+ digital assets using local currencies, with a mission to make crypto easy for everyone including first-time buyers. Okcoin was the first centralized exchange to offer direct entry into decentralized finance (DeFi) with Earn, a tool for earning APY through decentralized lending, liquidity pools, staking, and more. In addition, Okcoin offers institutional trading tools and APIs to asset managers, venture capital and hedge funds, retail brokers, payment processors, and more. Follow Okcoin on Twitter at @Okcoin and visit https://www.okcoin.com/ for more information.
PrimeXM is an award-winning technology and connectivity provider to the global financial industry. Founded in 2010, PrimeXM’s key business focus is providing cutting edge XCore technology which is a powerful aggregation pricing and trading engine, OMS, real-time Risk management, Monitoring and Reporting system with full front to back margin and trading capabilities. The XCore e-trading platform is also a powerful B2B/FIX API engine supporting high-end MT4/MT5 bridging technology and it is integrated with hundreds of other 3rd party maker & taker OMS/EMS systems.