BeQuant has officially launched its London-based cryptocurrency exchange developed by professionals for professionals. The operator is designed to support institutional trading as the emerging asset class increasingly makes a mark in Wall Street.
Multiexchange is the chosen technology provider to further establish BeQuant as a leading exchange in the cryptocurrency space offering access to real liquidity of over $150mln in average daily traded volume. The platform’s core matching engine features real-time clearing and cutting-edge order matching algorithms in order to appeal to market-makers, quantitative desks and active traders looking to connect via industry standard FIX or robust APIs.
Chief Executive Officer George Zarya aims to establish BeQuant as a leader in cryptocurrency compliance and Erik Wilgenhof Plante will be in charge of compliance as CCO. Plante helped Abu Dhabi to draft its cryptocurrency regulatory framework. He was Head of Compliance for itBit and PayPal.
George Zarya, Chief Executive Officer at BeQuant, commented:
“Cryptocurrency is an exciting and appealing asset to both retail and institutional investors. The launch of the BeQuant exchange comes at a crucial time for the crypto market. For many, reliability and regulation are important factors to the health of the industry. With BeQuant, we aim to establish controls that are in line with both UK and international standards.”
As institutional interest in cryptocurrencies grow, established players have been announcing the launch of crypto offerings, including LMAX institutional cryptocurrency exchange, confined to LMAX’s London-based data center and likely to extends its digital infrastructure to Tokyo and New York. LMAX even partnered with Genesis Markets to increase appeal amongst institutional players. Archax has also launched an institutional grade digital currency exchange targeting the traditional investment community. Bloomberg launched an institutional grade benchmark for the virtual currency market.
