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Q3 2023 update

October 17, 2023

Our team continuously pushes boundaries and strives to provide an unparalleled experience to our esteemed clients. During the Q3’23 Finery Markets experienced a remarkable period of innovation and expansion. 

Operating numbers for Q3' 23 reveal an impressive trend - customer transactions with stablecoins through Finery Markets' OTC trading infrastructure have continued to soar (up 25% YoY), despite the decline in crypto asset prices. These transactions have contributed a significant 71% to the total trading flow for both FM Marketplace and FM Liquidity Match in Q3. This growth highlights the established use case for digital assets - the ability to freely send and receive different types of digital assets worldwide, recognizing the value of blockchain-based payment assets in terms of settlement speed, 24/7 availability, borderless nature, and disintermediation.

FM Liquidity Match continues to gain significant momentum. As the role of prime brokers and the adoption of crypto by mainstream finance remain pivotal topics, we organized a fireside chat with Ryan Orton, Managing Director at Finery Markets, and Brett Reeves, Head of Business Development at Bequant, to delve deep into these discussions. The conversation addressed how the adoption of FM Liquidity Match has benefited Bequant and the influence of covering both OTC and CEXes on their business strategy.

We are thrilled to announce our collaboration with ClearToken in a groundbreaking proof of concept. Together, we aim to pioneer a global clearing house for digital assets, showcasing our dedication to innovation and market stability.

In Q3, we introduced our referral program, offering extraordinary rewards, including a 30% commission on our fees for two years, simply by referring new clients to Finery Markets. It's a win-win opportunity with numerous benefits and no upfront costs.

Our recent event at the IFX conference in Limassol, "Fintech Unplugged: iFX Afterparty," was an overwhelming success, bringing together 250 industry professionals. This gathering fostered significant business connections and epitomized the spirit of synergy in the fintech landscape. Thank you to everyone who joined us.

Despite the challenges faced in the crypto market, Finery Markets remains unwavering in its commitment to fuel institutional crypto adoption and revolutionize the digital asset industry with groundbreaking solutions. We have assembled a group of industry trailblazers who will assist us in growing and providing exceptional value to our clients.

We are thrilled to welcome talented individuals such as 

  • Tom Gould, joining us to lead our strategic partnerships;

  • Stas Bublik responsible for ensuring product excellence;

  • Krish Chatterjee, spearheading our expansion efforts in the APAC region

  • Ruben Nielsen focusing on strengthening our presence in the Nordics.

We've been active in the media space, with our CEO's OpEd “Unlocking Synergies: Bridging the Gap Between Crypto and Traditional Markets for Mutual Evolution” highlighted in Global Fintech Series, followed by the interview. During a conversation with FinanceFeeds' Editor-in-Chief Nikolai Isayev, Konstantin delved into the intricacies of our FM Liquidity Match for brokers, the concept of 'last look,' the emergence of crypto hubs, and the effectiveness of our referral program. As always, we remain committed to sharing our expertise and insights with the global community, and we take great pride in being featured in such respected publications.  

At Finery Markets, our pursuit of excellence is ceaseless. Stay tuned for more updates, more innovations, and an unending stream of excitement. 

 

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