Okcoin partners with PrimeXM and becomes the first cryptocurrency exchange to use the industry-leading trading and aggregation engine

Okcoin’s integration of PrimeXM’s XCore technology will deliver ultra-low latency to its growing list of institutional clients

SAN FRANCISCO, March 22, 2022 /PRNewswire/ — okcoins, one of the world’s largest and fastest growing cryptocurrency platforms, today announced a partnership with PrimeXM, a leading provider of low latency connectivity, aggregation and trading technology B2B. With the integration of PrimeXM’s XCore technology, Okcoin is the first cryptocurrency exchange to become a liquidity provider in the XCore community, a global marketplace of over 250 institutional makers and takers that trade on average more than $55 billion per day in foreign exchange (FX), spot metals, contracts for difference (CFD), futures, stocks and exchange-traded funds (ETF).

Okcoin can now deploy hundreds of B2B/FIX API connections to financial institutions, giving standardized access to digital asset trading to more brokers, hedge funds, family offices, proprietary trading desks and e-commerce platforms . Members of the PrimeXM XCore community, which includes CMC Markets, FXCM, Swissquote, and UOB Kay Hian, among other leaders, have the freedom to choose their trading counterparties profitably. Okcoin will offer 24/7 connectivity and access to crypto investing and trading with a seamless experience for institutions using their existing technology stack.

“We are thrilled to partner with PrimeXM to make crypto more accessible,” said Khairi AzmiCEO of Okcoin for Singapore and Head of Sales for Asia. “Demand among institutions for crypto solutions is at an all-time high, which makes integrating XCore a natural next step. 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 a crypto exchange liquidity provider to our growing XCore trading community, enabling them to serve their institutional clients with our technology,” said Sam SuPrimeXM Business Development Manager for Asia. “We look forward to working with the Okcoin team to create new ‘win-win’ opportunities while connecting the booming digital asset market to traditional financial and e-commerce platforms.”

Okcoin is a regulated crypto exchange comprised of both the central limit order book system and the OTC, backed by market players from institutions and retail partners around the world. Known for its low fees and transparent price discovery, Okcoin’s platform offers segregated wallets/sub-accounts, leverage, post-trade settlement and unparalleled depth of crypto liquidity for institutions to make their crypto purchases and transactions. For more information, please visit okcoin.com/institutions.

About Okcoin
Founded in 2013, Okcoin is a US-based cryptocurrency exchange serving over 190 countries and territories. The platform allows retail and institutional investors to buy over 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. Additionally, Okcoin offers institutional trading tools and APIs for asset managers, venture capital and hedge funds, retail brokers, payment processors, and more. Follow Okcoin on Twitter at @Okcoin and visit okcoin.com for more information.

About PrimeXM
PrimeXM is an award-winning technology and connectivity provider for the global financial industry. Founded in 2010, PrimeXM’s main goal is to provide cutting-edge products XCore Technology which is a powerful aggregation pricing and trading engine, OMS, real-time risk management, monitoring and reporting system with full margining and trading capabilities. The XCore e-commerce platform is also a powerful B2B/FIX API engine supporting high-end MT4/MT5 bridging technology and it is integrated with hundreds of other OMS/EMS systems from manufacturers and third-party lessees.

The company’s infrastructure and the low-latency connectivity and hosting services provided comply with industry certifications: ISO27001 and ISAE 3000 SOC 2 Trust Services Principles. Institutional buy and sell firms can use corporate hosting solutions at the four global FX trading data centers: Equinix London (LD4), new York (NY4), Tokyo (TY3) and Singapore (SG1).

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SOURCEOkcoin

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