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Finery Markets and DAMEX Collaborate to Launch Electronic OTC Trading

February 14, 2024

 by Tareq Sikder
  • Damex Direct offers businesses a solution for managing their digital and fiat assets.
  • FM Liquidity Match facilitates electronic OTC trading for institutional players with its proprietary matching engine.

To enhance OTC trading capabilities, Digital Asset Management Limited (DAMEX), a payment platform specializing in digital asset management, has integrated FM Liquidity Match into its trading technology stack.

Damex Direct: A Solution for Digital Asset Management

Through the DAMEX OTC Desk, businesses now have the convenience of buying and selling digital assets using fiat or stablecoins, coupled with access to round-the-clock customer support. DAMEX offers competitive rates by harnessing multiple liquidity sources.

Samuel Rondot, the Managing Director for Business at DAMEX, shared his perspective on the development: “DAMEX aims to bridge the gap between cryptocurrency and traditional financial markets, empowering businesses to leverage blockchain technology in their everyday financial transactions.”

“We strive to provide a seamless on-ramp/off-ramp experience for our clients, so we are constantly exploring innovative solutions to improve the quality, affordability, and efficiency of our product offerings.”

“As a regulated entity in the industry, we have been searching for the ideal partner to provide a comprehensive solution for businesses actively managing their crypto assets. With FM Liquidity Match, we can now offer a convenient option for clients who want to engage in active trading alongside our bespoke on and off-ramp services.”

Beyond the OTC desk, the DAMEX group offers Damex Direct, an all-in-one solution that enables businesses to efficiently manage their digital and fiat assets through dedicated IBANs, instant settlements, and multi-user access. Security is a priority for DAMEX, and its custody solution incorporates advanced technologies such as multi-party computation, bespoke cold-storage, and optional insurance solutions.

See more: Finance Magnates 

Continue reading

Finery Markets welcomes a new liquidity provider

Finery Markets welcomes a new liquidity provider

What are crypto ramps? On-ramp and off-ramp explained

What are crypto ramps? On-ramp and off-ramp explained

How DAMEX elevated their client facing operations with FM Liquidity Match

How DAMEX elevated their client facing operations with FM Liquidity Match

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