Q1 2024 update

At Finery Markets, we are constantly pushing the boundaries of what is possible. In the first quarter of 2024, we embarked on a journey of ongoing and steady progress.

Following the approval of the BTC ETF in Q1 2024, there has been a significant increase in institutional interest in digital assets. As a result, we have observed a stunning 80% year-over-year growth in the amount of customer transactions through our OTC trading infrastructure, reaching a historical record in transaction volume. 

In our pursuit of customer and security excellence, we have achieved a significant milestone. Finery Markets has become the first crypto-native ECN to pass the SOC 2 Type 1 examination. This prestigious security compliance benchmark evaluates every aspect of our organization, from infrastructure and software to staff and policies, ensuring the utmost protection of our customers' data. This accomplishment solidifies our commitment to trust and credibility among market players worldwide. We are setting a new standard for security in the industry.

Collaboration and partnerships are at the heart of our success. In this regard, we are thrilled to announce our partnership with Hidden Road Partners, a renowned prime broker in the crypto space. Through our flagship solution, FM Liquidity Match, institutional participants can now trade crypto spot transactions with ease, with Hidden Road serving as a prime broker for these trades. Together, we are revolutionizing the way digital assets are traded.

We are also excited to share that A2ZCrypto, a registered company with the Financial Intelligence Unit India, has selected FM Liquidity Match as their key digital asset technology for OTC crypto operations. This partnership also adds the Indian Rupee (INR) to the list of available fiat-to-crypto asset pairs. We believe this partnership helps us create a more accessible and reliable trading infrastructure for global crypto institutions.

Our commitment to growth extends beyond our internal operations. We value our clients and want to reward them for their support. Our referral program has been gaining more traction among our clients base since its launch, offering extraordinary rewards for simply referring new clients to Finery Markets. A win-win opportunity, with plenty of benefits and no upfront costs. 

As we strongly believe in the power of collaboration, we are excited to continue building a thriving community. In Q1’24 we introduced the incredible stories of our customers' adventures. 

1. How DAMEX transformed its interactions with clients through the power of FM Liquidity Match. 

2. The remarkable journey of Nexdesk's aspirations has evolved into limitless innovation with the creation of FM Liquidity Match. 

In Q1, we also introduced "The Flow" — Finery Markets’ first Podcast. In our first episode, we embarked on a captivating journey delving into the intricate realm of electronic trading. Finery Markets CEO Konstantin Shulga engaged in a riveting conversation with Doug Atkin, the former CEO of Instinet, who was included in the top 30 individuals making the greatest impact on e-finance by Institutional Investor Magazine. Together, they delve into the evolution of electronic trading, from its traditional roots to its growing role in institutional crypto trading. It is a fascinating journey that highlights the monumental changes taking place in the digital assets industry. 

At Finery Markets, we are just getting started. We never stop striving for greatness, and we invite you to stay tuned for more updates, innovations, and an unending stream of excitement. Together, we are shaping the future of digital finance.