Finery Markets experienced a period of extensive innovation and growth.
April 6, 2023
At Finery Markets, Q1 was a time of innovation, growth, and excitement. We're always pushing ourselves to be better, to do more, and to provide our clients with the best possible experience. And in Q1, we did just that.
One of our biggest accomplishments was the launch of our automated electronic onboarding tool. This tool streamlines the pre-trade process, making it faster and more efficient for our clients. We know that time is money, and we're committed to helping our clients save both.
We also welcomed a new liquidity provider to our marketplace - Wincent. Wincent has become the first liquidity provider to connect to the Finery Markets platform via FIX 4.4 protocol. This is a big deal, and it's a testament to the quality of our platform and the strength of our relationships with our partners.
But we didn't stop there. We also expanded our FM Space to connect cryptocurrency businesses with qualified liquidity providers and financial institutions from around the world. We know that the world of cryptocurrency can be complex and confusing, and we're committed to making it easier for our clients to navigate.
Of course, we didn't just focus on business in Q1. As a team, we took on the challenge of the OPAP Limassol Marathon. This was a super cool race along the stunning coastline of Limassol, and it was a big deal for us. We're always looking for ways to challenge ourselves, both in business and in life, and this was just one example of that.
We've been active in the media space, with our CEO's views on recent events highlighted in Reuters, Associated Press, Morning Star and Cointelegraph. We're always looking for ways to share our expertise and insights with the world, and we're proud to have been featured in these publications.
Finally, the Q1 numbers indicate that BTC remained the most traded asset on Finery Markets' multi-dealer marketplace, with a 57% share. Despite a 39% YoY drop in BTC price, there was a 9% YoY growth in trading volume for BTC-to-stables and BTC-to-fiat.
At Finery Markets, we're always striving to be better. Q1 was just the beginning, and we can't wait to see what the rest of the year brings. Stay tuned for more updates, more innovations, and more excitement.
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