CoinRoutes, an order execution system, has linked up with Crypto.com in order to broaden institutional access to liquidity and reduce friction for its customers.According to the press release, Crypto.com will connect its infrastructure with CoinRoutes’ order routing technology to offer diversified liquidity.
According to David Weisberger, chief executive officer of CoinRoutes, “CoinRoutes’ goal is to help its clients execute trades at the best possible price, and in order to do this, the company needs an accurate picture of all the liquidity in the market to achieve this.”Weisberger claimed that there has been a rise in customer desire for greater liquidity access.
In addition, he said that the majority of CoinRoutes’ customers had left the country, which was “another reason to diversify our liquidity,” according to Weisberger. The arrangement comes at a time when exchanges are under greater pressure from American regulators and markets are struggling with low liquidity, raising concerns about the future success of exchanges in the US.While this was happening, Crypto.com recently hit low points, including a U.K. advertising restriction, personnel cutbacks, and issues maintaining fiat on-ramps as the financial crisis worsened.