Apifiny, a cross-exchange crypto-asset trading network, today revealed the launch of its brand-new Smart Order Routing (SOR), a sophisticated function that enables institutional traders to automate and path orders throughout Apifiny’s 25+ linked exchanges for finest rate execution.
The SOR function addresses important crypto market fragmentation by improving the abilities of multi-exchange trading through a single API and account.
Institutional traders are accustomed to utilizing wise routing systems, and SOR is created to automate and break down big orders and looks for to determine the very best costs throughout networked exchanges to lessen any slippage in rate.
Apifiny’s objective is to drive institutional adoption with innovations and tools that deal with issues within the crypto market, particularly market fragmentation. In the previous year, it has actually been reported that the crypto markets are so fragmented that even if the 5 biggest exchanges were to combine, the brand-new entity would still just command around 40% of the total trading volume.
” In order to attend to liquidity fragmentation, clever order routing was the rational next action in the development of Apifiny’s platform. SOR has actually shown to be an essential tool in stock trading and enables hedging versus fragmentation by examining the marketplace and performing orders towards a combined rate. While there are still numerous significant platform developments to come this year, SOR is a big advance for institutional traders and we are thrilled to provide it through Apifiny.”
— Haohan Xu, CEO of Apifiny
Connecting with over 25 of the leading crypto exchanges by trading volume, the Apifiny network increases stability and decreases disturbance in the market by supplying instant access to the ideal market-clearing costs and liquidity for trading cryptocurrencies.