Share this article
Crypto Trading Platform Talos Taps Amber Group for Liquidity Amid Increased Buying Demand
Amber Group will join Talos’ extensive partner network of over 40 liquidity venues, such as exchanges Binance, Coinbase and FTX.
Updated Nov 2, 2022, 3:02 p.m. Published Nov 2, 2022, 5:58 a.m.
Make us preferred on Google
Institutional crypto trading platform Talos has onboarded Amber Group as its newest liquidity provider amid increased demand for crypto trading and investing in the Asia-Pacific region.
The partnership will allow Talos’ users to source liquidity for their trades from Amber Group’s WhaleFin platform.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The head of APAC at Talos, Samar Sen, said products aimed at institutional investors were essential for the industry’s growth among seasoned institutional investors.
”Despite current market conditions, we continue to see increasing adoption of digital assets by institutions on the buy-side and sell-side,” Sen told CoinDesk over email. “Their long-term views on the potential of digital assets are undiminished, and many of these institutional service providers are using this time to build their product offerings before the next growth cycle.”
Talos raised $105 million in a Series B funding round in May, which valued the company at around $1.25 billion and which included investments from traditional finance giants Citigroup (C), Wells Fargo (WFC) and BNY Mellon (BK).
Amber joins Talos’ partner network of over 40 liquidity venues that include crypto exchanges such as Binance, Coinbase and FTX, as well as other over-the-counter companies.
The move would help drive the institutional adoption of cryptocurrencies as large trades are filled, matched, or sold in a short period of time using Talos’ infrastructure.
More For You
BlackRock exec says 1% crypto allocation in Asia could unlock $2 trillion in new flows
During a panel discussion at Consensus in Hong Kong, Peach pointed to massive capital pools in traditional finance as ETF adoption spreads across Asia.
What to know:
- Even a 1% crypto allocation in standard portfolios across Asia could translate into nearly $2 trillion of inflows, highlighting how modest shifts in asset allocation could transform the digital asset market, according to the head of APAC iShares at BlackRock, Nicholas Peach.
- BlackRock's iShares unit, whose U.S.-listed spot Bitcoin ETF IBIT has rapidly grown to about $53 billion in assets, is seeing strong demand from Asian investors as ETF adoption accelerates across the region.
- Regulators in markets such as Hong Kong, Japan and South Korea are moving toward broader crypto ETF offerings, but industry leaders say investor education and portfolio strategy will be critical to channeling traditional finance capital into digital assets.
Top Stories
