BEQUANT is a UK-based retail and institutional multi-exchange trading platform.

In a bid to expand its institutional client base, BEQUANT, the UK-based digital asset solutions provider recently introduced its prime broking services. The service is intended to provide institutions with easier access to liquidity, custody, lending, and other products in the crypto space. BEQUANT has now announced its tie-up with cryptocurrency marketplace OKEx for the launch of its prime brokerage service. (Yahoo Finance)

OKEx crypto-exchange

The OKEx digital assets exchange provides spot and derivatives trading, including futures, perpetual swap, and options, of major cryptocurrencies.

According to BEQUANT, the OKEx platform will expand its liquidity base as well as the choices available for various services to large institutional clients.

The global footprint resulting from the tie-up will help both companies to access business from the best financial institutions. This will address the growing popularity of digital assets.

BEQUANT Prime Broking

Last month, BEQUANT launched its institutional prime broking service. It intends to provide a range of services to enable institutions to upgrade and expand their portfolios. Further, these services would be provided at low transaction costs.

“It’s important to know that centralized servicing is really important for the institutional players,”  said Alex Mascioli, head of institutional services at BEQUANT told CoinDesk at the time. “We’re becoming a one-stop-shop for these places to consolidate a fragmented market right now.”

The platform already connects to 18 different sources of liquidity including seven crypto exchanges. It provides access to spot trading at exchanges and OTC desks. It is currently in the midst of a huge expansion into digital asset services. The platform intends to provide “an unprecedented level of digital asset integration” for the financial services industry.

The addition of OKEx will benefit BEQUANT with additional liquidity. “We are happy to be able to offer our clients the opportunities OKEx provides, and connect with such a well-known market leader,” commented BEQUANT CEO George Zarya.

Last week, BEQUANT engaged digital asset exchange Huobi for providing institutional clients access to the latter’s exchange facilities as part of its prime brokerage package.

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