Crypto exchange Crypto.com has announced a new partnership with CoinRoutes, an order execution system, to improve institutional access to liquidity and reduce friction for its customers. The integration of Crypto.com’s infrastructure with CoinRoutes’ order routing technology will provide diversified liquidity, according to a press release.
CoinRoutes’ aim is to help its clients execute trades at the best possible price, and in order to do this, the company needs an accurate picture of all the liquidity in the market to achieve this, said David Weisberger, the chief executive officer of CoinRoutes. Weisberger noted that client demand to increase its liquidity access has increased, and that most of CoinRoutes’ clients have moved out of the United States.
The partnership comes as U.S. regulators have increased pressure on exchanges, and as low liquidity concerns have plagued markets. Crypto.com has experienced highs of successful approvals to operate in France and Brazil, as well as a banned advertisement in the U.K., workforce cuts, and difficulty maintaining fiat on-ramps due to the banking crisis. The company integrated with Wintermute earlier this year.