Zodia Markets is establishing a partnership with Finery Markets to enhance institutional access to digital assets and FIAT liquidity, the company announced today.
The collaboration will combine Zodia, a digital asset broker backed by Standard Chartered Bank, with Finery Markets’ inappropriate cryptographic electronic communications networks (ECNs) and Software-as-a-Service trading solutions.
Zodia Markets offers forex pairs with same-day payment capabilities through the arrangement, using the Quote-for-Quote (RFQ) trading method through Finery’s platform. The purpose of integration is to eliminate technical barriers that have traditionally slowed the institutional adoption of digital assets.
Mark Richardson, Chief Executive of Zodia Markets
“We are pleased to announce that we are committed to providing a range of services and services to our customers,” said Mark Richardson, Chief Commercial Officer at Zodia Markets. “We make it very easy for a wider network of market participants to have access to our liquidity – safe, efficient, large scale.”
The partnership will integrate existing integrations in Finery Market with prime brokers including Hidden Road, allowing Zodia Markets to set pricing without the need for additional technical integrations and resolve with clients across the Finery ecosystem.
Founded in 2019, Finery Markets has built a customer base of over 150 digital asset companies in over 35 countries, including payment providers, brokers, OTC desks, hedge funds and custodians.
As Financial capital letters Reported mid-month, Finery recorded triple-digit growth in OTC trading volume amid rising institutional adoption. In February, this volume reached $1.8 billion, an increase of 135% compared to the same month last year.
Institutional crypto trading partners target 60% OTC growth
A recent market research from Finery Markets shows that over a third of institutional liquidity providers expect the market to grow by more than 60% in 2025, raising institutional interest in digital asset trading.
Konstantin Shulga, CEO and co-founder of Finery Markets
Konstantin Shulga, CEO and co-founder of Finery Markets, said: “From the beginning, our focus has been on making it easy for all corporate clients to start using Crypto in Qing’s market.”
The service is available throughout Finery Markets product suite, including FM Marketplace, FM Liquidity Match, and FM White Labels.
Zodia Markets currently supports over 60 digital assets and over 20 Fiat currencies. The company maintains regulatory entities in the UK, Ireland and Jersey.
In the meantime, the company received a new operating license from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).
