Crypto alternate Bitfinex has partnered with the worldwide credit score community Hidden Highway to broaden institutional entry to digital property. Institutional buyers linked with Hidden Highway will now be capable to entry Bitfinex’s digital asset choices.
“I’m thrilled to welcome Hidden Highway and their buyer base to probably the most resilient digital property alternate platform in the marketplace,” stated Invoice Brindise, Head of Enterprise Growth at Bitfinex. “We at Bitfinex are proud to supply prospects cutting-edge buying and selling options, deep liquidity, and a variety of buying and selling pairs, all supported by a strong infrastructure fortified with stringent safety measures. I’m sure that Hidden Highway’s prospects will get pleasure from exploring the completely different merchandise we offer to assist institutional {and professional} buyers achieve publicity to digital property.”
Hidden Highway gives brokerage companies to institutional shoppers, together with hedge funds and proprietary buying and selling desks, and the partnership with Bitfinex is ready to boost its digital asset buying and selling capabilities. Furthermore, Bitfinex additionally affords derivatives, presenting an array of crypto publicity to institutional buyers.
“Hidden Highway is dedicated to offering our shoppers with fashionable expertise and streamlined workflows for a seamless expertise throughout merchandise and asset lessons on our platform, together with digital property” added Michael Higgins, World Head of Enterprise Growth at Hidden Highway. “Integrating with Bitfinex underscores our efforts to boost entry and selection, and we’re completely satisfied to supply our counterparties entry to this preeminent venue.”
Crypto’s reputation is rising amongst institutional buyers. A latest examine by BNY Mellon Wealth Administration Examine revealed that 39% of the household places of work surveyed are both actively investing or contemplating investments on this asset class.
Moreover, 76% of hedge funds had no less than 1% invested in crypto final 12 months, based on knowledge from Statista.