Avelacom

Avelacom Sees London As Largest Global Cloud-Based Infra Centre For Crypto Market

London
Avelacom

Avelacom is leading low latency connectivity and IT infrastructure solutions provider, revealed in its latest update that it views London as the largest global cloud-based infrastructure center for cryptocurrency trading activities. The firm claims in its report that more than 30% of its clients are currently using its AWS London center for cryptocurrency trading activities and that the boom in demand for the same began since the start of the year.

The firm also believes that at the current rate of expansion and demand for the service, it expects that more than 50% of its clients will be using its service for crypto trading activities within the next couple of months.

The cryptocurrency trading industry has seen a major growth both in terms of activity and in terms of growth in the number of tradable assets during the ongoing global COVID-19 pandemic scenario. While the world is currently seeing a shift in work dynamics as many firms are shifting to work from home options amid lockdown, there has been a proportional increase in demand for low latency access to Amazon Cloud Services (AWS). 

 

In particular, the firm saw a sharp spike in demand for access to AWS London center a majority of which came from sophisticated institutional investors who are operating in the derivatives market. Digital assets seem to be experiencing a visibly distinctive increase in high volume trade activity across multiple regions. Among various such regions that see high activity, London is highly preferred by more cryptocurrency exchanges and cloud-based infrastructure who seem to designate the AWS center as a start point. Since the boom began, the number of firms offering such services has increased, in turn driving an increased volume of activity among crypto assets.

Cryptocurrency market sees a number of exchange operators use cloud-based services and for such firms, there is a compulsive necessity for providing low latency connection between APAC region and US markets. As trading activity in London sees a boost, it has now become a scenario were low latency access between all three regions is becoming highly important. Digital assets are characterized by high volumes traded across multiple regions, which now includes London with more crypto exchanges and trading firms deploying their cloud-based infrastructure using London as a start point.

 

Many crypto exchanges currently use Cloud tech which makes low latency connectivity between regions across Asia-Pacific and the US highly essential. As trading from London increases, low-latency access between all three regions becomes more important. This is because of the Triangle arbitrage strategy which is currently highly popular and preferred in the market where trading activity is mandatory across more than three exchanges. For this strategy to succeed there is a need for maximum network performance with freedom to access exchanges across multiple clouds, data centers, and global location alongside high bandwidth requirements.

The increase in demand for said services demonstrates the possibility of more participants emerging in the market in particular from the institutional trading sector. To facilitate the necessary requirements to meet increased demand, Avelacom has optimized its network capacity and routes to provide crypto traders with best in class low latency connections. 

 

Speaking about this move, Aleksey Larichev, CEO of Avelacom said “Throughout the last few months we’ve seen high volumes across all asset classes, but the biggest growth continues to be in digital assets, now also reflected in London. March was challenging because strategies couldn’t be adjusted quickly enough but now we’re seeing real growth again. We were pioneers in understanding the future importance of digital asset trading and the need for low latency connectivity, connecting quickly to new destinations and clouds such as in Dublin, Ashburn, Portland, and Seattle.

This infrastructure is facilitating all existing and new clients, particularly in London currently, as their digital assets trading needs escalate”.