eToroX, the blockchain subsidiary of global investment platform eToro, today announced the launch of its institutional-grade API trading programme, AlgoX Prime.
AlgoX Prime is the top-tier API program of eToroX Exchange, the eToro Group’s regulated and secure cryptoasset exchange. Employing the deep liquidity of eToro, tight spreads, and bespoke capabilities for cryptoasset trading, AlgoX Prime is carefully tailored to suit the needs and requirements of institutional-grade algorithmic traders from both the traditional and crypto spheres.
The program offers highly competitive fees, a free enterprise-grade market data package, and a high-quality, low-latency colocation service that incorporates professional-level connectivity, enabling direct access to eToroX’s dedicated, high-security data centre. The continuous and ongoing rollout will include an ever-expanding list of cryptoassets, increased volume from eToro, and much more.
From the Consensus invest:Asia event in Singapore, Doron Rosenblum, eToroX Managing Director, said: “AlgoX Prime, our new API trading program, offers sophisticated trading capabilities to institutional and corporate traders. We believe that it will open the door for institutional traditional financial algo trading companies to trade cryptoassets, and by doing so, greatly increase market liquidity.”
“The AlgoX Prime trading program aligns with eToro’s strategy of bridging the gap between blockchain and the traditional financial markets,” said Yoni Assia, CEO of eToro. “The ability to trade using APIs will help steer institutional traders to connect to the crypto market, and to utilize eToro’s high-trading volume.”
“It is highly significant that we are launching AlgoX Prime API trading programme today in South East Asia,” commented Jasper Lee, Managing Director of eToro Asia. “The market in this region is highly dynamic. People are very involved with crypto, and we believe that developments such as our new API program will greatly help facilitate mass adoption.”
SOURCE eToro
