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Bitfinex to use Swiss-based Market Synergy to provide institutional connectivity

Bitfinex to use Swiss-based Market Synergy to provide institutional connectivity

Market Synergy GmbH, a Swiss-based organization which offers institutional standard cryptocurrency connectivity and security for banks, brokers and hedge funds has been selected by Bitfinex, the world’s leading cryptocurrency trading platform, to provide robust, high-performance connectivity for institutional clients.

Market Synergy has designed and built a bespoke network for Bitfinex, hosted in a Swiss data center in the heart of Crypto Valley. The network is highly secure, reliable and supported 24×7.

In addition to providing outsourced connectivity and hosting services to Bitfinex, Market Synergy can also manage co-location services for Bitfinex’s institutional clients and offer a FIX feed and ISP link to the digital asset gateway which Bitfinex recently launched in collaboration with Connamara.

Market Synergy is a separate company within the FXecosystem Group, which also comprises FXecosystem and Bondecosystem, both of which are institutional market leaders in outsourced connectivity in their respective asset classes.

James Banister, CEO, Market Synergy comments, “As the demand for cryptocurrency trading gathers momentum, we spotted a gap in the market for an institutional caliber cryptocurrency connectivity offering. Following over two years of research and planning, we have launched Market Synergy to take us into a new asset class, with the aim of becoming the leading institutional outsourced connectivity provider in the cryptocurrency space.

“We are delighted to have been selected by Bitfinex, one of the world’s largest cryptocurrency exchanges to manage their global connectivity. We have worked very closely with Bitfinex to evaluate their needs, select the ideal data center and set up the correct infrastructure to create a bespoke network with connections to their digital asset gateway for professional traders.

“We are now ready to go live, having invested in and set up our infrastructure in a secure data center in Switzerland which hosts servers for a number of major financial institutions.  We can also offer colocation services to any Bitfinex institutional client.”

Paolo Ardoino, Bitfinex CTO adds, “We are very pleased to collaborate with Market Synergy to facilitate improved access to digital assets via Bitfinex. We are experiencing first hand the immense institutional interest in cryptocurrency trading and we are excited to be able to pioneer its development.”

Source:Bitfinex

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