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Bitfinex CTO: Market Synergy partnership key to speed and security



Bitfinex CTO: Market Synergy collaboration key to speed and security
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Bitfinex gained access to a wide range of institutional investors via Market Synergy. In a recent Profit&Loss interview, Paolo Ardoino, the crypto exchange’s CTO detailed upon the partnership and how it provides institutions access to a wide selection of digital assets. He added,

Collaborating with Market Synergy was key in order to provide speed and security across our platform to the standards expected by large financial institutions.”

Based on the market requirements, the exchange offers option of accessing a cloud-based VPS (virtual private server) with built in connections to Bitfinex. Highlighting the crypto exchange’s strong position to cater to professional investors, Ardoino discussed the possibility of having

“This means that we now have an institutional offering for clients wanting a dedicated server and connections as well as a VPS offering for those who don’t want to deploy their own servers but still require a low latency and strong network security.”

Speaking about the present, Bitfinex is working towards building a type of trading architecture that is more suitable for clients from traditional finance. Ardoino also claimed that the company will shortly be announcing new, dedicated software relating to pricing information for co-located customers, which has been created to the standard expected by large financial institutions.

Moreover, Bitfinex exchange reported increasing demand from banks, brokers and hedge funds wanting to offer digital assets to their clients, which is why “we will continue to invest in our infrastructure and evolve our institutional-calibre offering in order to lead the market worldwide,” Ardoino concluded.

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Arijit is a full-time journalist at AMBCrypto, who focuses on the XRP and Ethereum ecosystem. Leveraging over three years of experience in media and Majoring in Computer Science, he covers the technical developments in the crypto ecosystem

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