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Broadridge Financial Solutions, an international financial technology company listed on the NYSE, today confirmed that it has entered into a partnership with Coinbase to accelerate the growth of the crypto ecosystem.
According to details shared by Broadridge, the partnership will provide interoperability between Coinbase Prime and Broadridge Trading and Connectivity Solutions’ NYFIX order routing network. This partnership will not only support crypto market participants through increased liquidity, but also provide greater access to crypto trading.
Despite the short-term cycle, the momentum for institutional adoption is leaning in one direction, towards more exploration and more interest. Said Greg Tussar, Vice President of Institutional Products at Coinbase, said: By utilizing the NYFIX order routing network, this partnership will bring multiple cryptocurrency liquidity to the desks of more buy-side his traders, lowering the barriers to entry in this growing asset class.
Coinbase is one of the largest companies in the crypto ecosystem. Earlier this year, the crypto trading service provider increased its presence in the European region and received regulatory approval in Italy. Despite the latest market adjustments, the company announced expansion plans to strengthen its reach in different parts of the world.
Broadridge said the integrated solution will allow NYFIX clients to route order flow to Coinbase Prime via FIX, an industry standard protocol. The company added that the solution will be available to customers in the United States and will be rolled out to other regions in the future.
Ray Tierney, President of Broadridge Trading and Connectivity Solutions, said: Today, through Coinbases deep access to liquidity and his NYFIXs extensive market coverage, we are able to integrate over 2,000 clients to bring crypto trading to the institutional market.
In the fourth quarter of 2022, Broadridge total revenues increased 12%.
Broadridge Financial Solutions, an international financial technology company listed on the NYSE, today confirmed that it has entered into a partnership with Coinbase to accelerate the growth of the crypto ecosystem.
According to details shared by Broadridge, the partnership will provide interoperability between Coinbase Prime and Broadridge Trading and Connectivity Solutions’ NYFIX order routing network. This partnership will not only support crypto market participants through increased liquidity, but also provide greater access to crypto trading.
Despite the short-term cycle, the momentum for institutional adoption is leaning in one direction, towards more exploration and more interest. Said Greg Tussar, Vice President of Institutional Products at Coinbase, said: By utilizing the NYFIX order routing network, this partnership will bring multiple cryptocurrency liquidity to the desks of more buy-side his traders, lowering the barriers to entry in this growing asset class.
Coinbase is one of the largest companies in the crypto ecosystem. Earlier this year, the crypto trading service provider increased its presence in the European region and received regulatory approval in Italy. Despite the latest market adjustments, the company announced expansion plans to strengthen its reach in different parts of the world.
Broadridge said the integrated solution will allow NYFIX clients to route order flow to Coinbase Prime via FIX, an industry standard protocol. The company added that the solution will be available to customers in the United States and will be rolled out to other regions in the future.
Ray Tierney, President of Broadridge Trading and Connectivity Solutions, said: Today, through Coinbases deep access to liquidity and his NYFIXs extensive market coverage, we are able to integrate over 2,000 clients to bring crypto trading to the institutional market.
In the fourth quarter of 2022, Broadridge total revenues increased 12%.
