Crypto alternate Bitfinex has partnered with the worldwide credit score community Hidden Highway to broaden institutional entry to digital belongings. Institutional buyers related with Hidden Highway will now have the ability to entry Bitfinex’s digital asset choices.
“I’m thrilled to welcome Hidden Highway and their buyer base to essentially the most resilient digital belongings alternate platform available on the market,” stated Invoice Brindise, Head of Enterprise Improvement at Bitfinex. “We at Bitfinex are proud to supply clients cutting-edge buying and selling options, deep liquidity, and a variety of buying and selling pairs, all supported by a strong infrastructure fortified with stringent safety measures. I’m sure that Hidden Highway’s clients will take pleasure in exploring the totally different merchandise we offer to assist institutional {and professional} buyers achieve publicity to digital belongings.”
Hidden Highway offers brokerage providers to institutional shoppers, together with hedge funds and proprietary buying and selling desks, and the partnership with Bitfinex is ready to reinforce its digital asset buying and selling capabilities. Furthermore, Bitfinex additionally gives derivatives, presenting an array of crypto publicity to institutional buyers.
“Hidden Highway is dedicated to offering our shoppers with fashionable know-how and streamlined workflows for a seamless expertise throughout merchandise and asset courses on our platform, together with digital belongings” added Michael Higgins, International Head of Enterprise Improvement at Hidden Highway. “Integrating with Bitfinex underscores our efforts to reinforce entry and selection, and we’re completely happy to supply our counterparties entry to this preeminent venue.”
Crypto’s reputation is rising amongst institutional buyers. A latest examine by BNY Mellon Wealth Administration Examine revealed that 39% of the household places of work surveyed are both actively investing or contemplating investments on this asset class.
Moreover, 76% of hedge funds had not less than 1% invested in crypto final 12 months, in keeping with information from Statista.
