Aussie crypto exchange Blockbid adds BitSpread as liquidity provider

Australian cryptocurrency trading platform Blockbid has announced a new partnership with BitSpread, a quantitative investment fund for blockchain assets as their liquidity provider.

Working with crypto exchanges, BitSpread is a well-established and successful liquidity provider that acts as a trusted bridge between the trader and the exchange. Providing exclusive investment strategies that generate alpha and beta returns on blockchain assets, BitSpread vets both the exchange providers and traders, to quickly and efficiently identify who is credible and who is not.

BitSpread joins Blockbid’s vision for cultivating and growing a secure trading platform that can be trusted by both traders and investors. By working alongside BitSpread, Blockbid is able to provide a higher level of liquidity which is desirable for everyone, driving down the spread and cost of trading. Through their advisory role to the biggest market, BitSpread provides both liquidity and also proper risk management.

[perfectpullquote align=”full” bordertop=”false” cite=”COO at Blockbid, David Sapper” link=”” color=”” class=”” size=””]“In order to continue to position ourselves as a leading cryptocurrency exchange, we need to ensure the companies we work with complement our offering and BitSpread do just that. Their wealth of experience adds another layer of expertise to our platform and ensure we adhere to our core messaging of trading with confidence.”[/perfectpullquote]

The partnership with BitSpread follows the recent announcement made by Blockbid having joined forces with LexisNexis ThreatMetrix, adding another layer of fraud prevention and authentication security to their platform, as well as KYC processing.