Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Digital Asset Trading Firm STS Digital Acquires Swiss Crypto Market Maker Flovtec

Digital Asset Trading Firm STS Digital Acquires Swiss Crypto Market Maker Flovtec

BitcoinsistemiBitcoinsistemi2024/08/14 13:27
By:Utku Yanık

Digital asset trading firm STS Digital has announced the acquisition of Swiss cryptocurrency market maker Flovtec.

Digital asset trading firm STS Digital has announced the acquisition of Swiss cryptocurrency market maker Flovtec, aiming to enhance its market making services and liquidity solutions.

STS Digital Acquires Swiss Market Maker Flovtec to Expand Market Making Capabilities

In a press release, STS Digital said the acquisition is expected to significantly accelerate its market-making capabilities.

The integration of Flovtec's trading infrastructure and proprietary algorithms is expected to deliver deeper liquidity and tighter spreads for Flovtec's established clients, thereby expanding STS Digital's reach in the market.

The acquisition will support a range of services, including regulated custody, customized liquidity solutions and advanced trading strategies.

Related News If Kamala Harris is Elected, Will It Be Positive or Negative for Bitcoin and Cryptocurrencies? Here are the Hidden Details

STS Digital plans to incorporate Flovtec's technology into its existing platform, which is expected to facilitate the development of new and innovative trading products and services.

The acquisition also positions STS Digital to benefit from Flovtec’s regulatory status in Switzerland, potentially helping it expand into the European market.

STS Digital specialises in over-the-counter trading and market making, and this strategic acquisition is seen as a significant step in enhancing its capabilities and service offerings in the digital asset space.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Token listing: Instantly buy/sell BTC with EUR & BRL via cash conversion!

Bitget users can now instantly buy or sell BTC with EUR or BRL balances via cash conversion! Buy/Sell Crypto Tips: Enjoy a transaction fee rebate in USDT on your first cash conversion transaction! Additional perks >>> Flash Monday: Buy crypto with a credit/debit card for zero fees >>> Flash Thursda

Bitget Announcement2024/11/25 08:12

Orbiter Finance collaborates with the Ethereum Foundation and the University of California, Santa Barbara to enhance the security model of bridging p

Since its establishment in 2021, Orbiter has been deeply exploring security, aiming to become a reliable infrastructure in the cross-chain field.

Chaincatcher2024/11/25 07:55

OXTUSDT now launched for futures trading and trading bots

Bitget has launched OXTUSDT for futures trading with a maximum leverage of 25, along with support for futures trading bots, on November 25, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. OXTUSDT-M perpetual futures: Parameters Details Listing t

Bitget Announcement2024/11/25 07:50

Bitget Spot Bot adds CHEEMS/USDT

We are pleased to announce that Bitget spot bot has now added: CHEEMS/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own

Bitget Announcement2024/11/25 07:40