Cooper.co, a crypto custodian and prime brokerage platform, announced on Tuesday its partnership with SFOX to expand its liquidity and enhance the over-the-counter (OTC) settlement process.
SFOX is a prime dealer for professional traders and businesses to trade and manage their digital assets. The offerings of the company include liquidity for digital assets through an institutional-grade blockchain trading platform along with cross-market execution, advanced algorithmic order types, global market data analysis, and blockchain infrastructure support.
Copper’s institutional clients can now access SFOX’s price execution platform and global liquidity pool.
Commenting on the partnership, Dmitry Tokarev, co-founder and CEO of Cooper.co, said: “SFOX are a force within institutional crypto-asset trading. They are known for their deep liquidity, with low slippage, solid technology, and having been in the crypto-assets ecosystem since the early days. We are delighted to be working with them, providing a crucial and complementary service to our shared clients.”
Strengthening position in the market
This partnership came following Cooper’s closing of its Series A funding round, raising $8 million. The London-based company is now eying for expansion into North America and APAC region.
Meanwhile, SFOX is also concentrating on expanding its services and recently tied with B2C2 for offering liquidity services to high-volume investors.
“We are excited to partner and work with one of the fastest growing institutional digital asset custodians in Europe. They’ve built a great technology for safeguarding digital assets and we look forward to working with them more closely in delivering the needs of institutional investors for crypto,” Danny Kim, head of growth at SFOX, added.
“With Copper’s award-winning infrastructure couple with SFOX’s liquidity, our partnership offers institutional investors a full-stack solution for crypto.”