The rapid rise of cryptocurrencies in the past decade has created a new and vibrant financial ecosystem. More than just an investment, cryptocurrencies have become an integral part of numerous fintech applications and platforms, providing a variety of use cases that range from instant global transfers to programmable, automated financial contracts.
One of the major challenges facing fintech platforms, especially those enabling crypto payment use cases, is ensuring they have sufficient crypto liquidity to facilitate seamless transactions or the ability to "ramp crypto". In 2023, choosing the right crypto liquidity provider is a crucial decision for any business seeking to incorporate cryptocurrency into its services. In this blog, we delve into some of the top crypto liquidity providers and explore how Cybrid's innovative approach is redefining how businesses access liquidity in the crypto market.
Top Crypto Liquidity Providers in 2023
Crypto liquidity providers are pivotal actors in the expanding cryptocurrency ecosystem, ensuring the buying and selling of vast quantities of cryptocurrencies occur without causing notable market turbulence. Their vital role facilitates smooth transactions and curbs price volatility within the crypto markets.
Among the vast array of providers, the following have stood out as the leading crypto liquidity providers of 2023:
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B2C2: Standing at the forefront of the crypto market, B2C2 is revered for its refined electronic OTC trading platform, catering to the needs of a rapidly growing crypto market.
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DVChain: DVChain offers a secure and accessible gateway to the bustling cryptocurrency markets. Its primary audience includes institutional investors, offering services such as OTC trading and liquidity provision.
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Aquanow: With its global reach, Aquanow leverages cutting-edge technology to provide efficient trading in digital assets, proving its mettle as a significant liquidity provider.
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Coinbase API (Prime): A household name in the cryptocurrency industry, Coinbase Prime tailors its services for institutions. Its offerings span various sectors, including, most notably, liquidity provision.
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B2Broker: B2Broker has carved out its space as a leading liquidity provider, presenting a comprehensive suite of solutions for Forex brokers, crypto exchanges, and other financial entities.
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Binance API: Not just one of the world's largest cryptocurrency exchanges, Binance expands its influence by providing liquidity services, thereby bolstering the fluidity of crypto markets. Binance in the US has had operational issues in the US and Canada resulting in severe scale back and closure of services.
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FalconX: As a digital assets brokerage, FalconX caters to institutions with a range of services including trading, credit, and clearing across major cryptocurrencies.
- Zero Hash: With a focus on simplifying digital asset operations, ZeroHash provides robust liquidity solutions, reducing the risk of price slippage during large transactions.
Cybrid's Smart Order Router: Your One-Stop Crypto Liquidity Solution
In the complex and dynamic world of cryptocurrency, Cybrid provides a refreshing all-in-one solution. Our fintech platform enables crypto payment use cases and boasts a unique selling proposition: FBO bank accounts and an integrated approach to access market makers & crypto liquidity whether looking to crypto onramp or crypto offramp.
Our solution is a game-changer for businesses navigating the crypto landscape: we have built and implemented a smart order router that connects to multiple liquidity providers. This system allows businesses utilizing Cybrid to access multiple liquidity providers simultaneously and execute the best quote/price for orders.
Unlike conventional solutions that require businesses to integrate with multiple providers independently, our smart order router simplifies this process. Our system drastically reduces the integration costs and time that typically come with accessing multiple liquidity providers.
In addition to this, Cybrid takes on the task of handling all daily settlements and minimums. Our approach allows your business to focus on its core competencies while we manage the complex tasks associated with crypto liquidity.
Why Choose Cybrid?
The benefits of Cybrid's integrated approach go beyond just cost and time savings.
- Access to the best quotes/prices: By connecting with multiple liquidity providers, businesses are able to take advantage of the best quotes or prices available, thus maximizing profitability.
- Reduced market impact: With Cybrid's smart order router, large trades are split across multiple liquidity providers, reducing the overall impact on the market and potential for price slippage.
- Simplified management: We manage the complexity of dealing with multiple liquidity providers, freeing up businesses to focus on their core functions.
In the evolving world of cryptocurrencies, businesses need a partner they can trust to navigate the intricacies of the market. Cybrid offers an integrated, all-in-one approach to crypto liquidity, simplifying the process, and allowing your business to thrive in the crypto market. Embrace the future of finance with Cybrid – your partner in crypto liquidity. Schedule a demonstration with our Sales team today, or just get started building in our sandbox.
