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Screenshot of a breaking news alert e-mail from Q2 2017
Institutional cryptocurrency startup XTRADE.io has announced that Divisa Capital / Equiti Group founder Mushegh Tovmasyan has joined the company as a strategic advisor.
XTRADE.io is a technology company founded by veteran Wall Street trading specialists. The company plans to introduce a new infrastructure that would allow banks, hedge funds, and large institutional traders to easily access cryptocurrency markets. By building a low-latency infrastructure with a unified FIX API, a technology used on Wall Street for over 25 years, along with a standalone trading platform and liquidity aggregation the company plans to provide precise and virtually instant pricing data while minimizing ‘slippage’ for the trading of digital assets.
Mushegh Tovmasyan said:
The technology that XTRADE.IO is building is exactly what will help bring institutional investors along with professional traders into the cryptocurrency markets. Their team has the background, talent, and expertise to bring a much needed technological upgrade to crypto trading and we plan to work closely with them moving forward.
Alexander Kravets, CEO of XTRADE.IO added:
It’s an honor having a legendary entrepreneur in the trading space like Mushegh to join XTRADE.IO as a strategic advisor. Our technology will be the bridge that brings billions of dollars in new market cap to cryptocurrency markets via institutional investors. We just have to provide the level of technological sophistication that they have become accustomed to trading on Wall Street, which is exactly what we are building at XTRADE.IO.
XTRADE.IO is proposing a three-stage solution to solve some of the many issues that are a barrier of entry for large, institutional or professional traders. In phases, the company plans to implement a universal FIX API, a standalone trading platform with XTRADE.IO PRO, a Singular Point of Access (SPA) for liquidity aggregation, and XTRADE DARK, a crypto to fiat large block order dark pool built to facilitate institutional scale.