Coinhako, (a leading Singapore-based firm a leading digital asset platform in Singapore) today announces it will be joining Fusion Digital Assets, TP ICAP's FCA registered UK-based wholesale spot cryptoasset exchange.
Coinhako will be joining as trading counterpart, providing and consuming liquidity on the exchange. The collaboration will see the integration of Coinhako’s advanced trading and liquidity solutions with Fusion Digital Assets, helping facilitate risk exchange and increase liquidity in response to the growing demand of the wholesale market.
Kelvin See, Head of Trading, Coinhako: “This announcement aligns Coinhako with a significant increase in institutional adoption of cryptocurrencies, spurred by the formation of digital assets as a standalone investment class. As institutional investors increasingly seek portfolio diversification through cryptoassets, the requirement for platforms capable of handling increased order sizes in the wholesale market becomes paramount. For sophisticated investors and trading firms, liquidity, transparency and price slippage are crucial considerations, and this partnership will cater to those needs and will help drive further adoption.”
Simon Forster, Managing Director, TP ICAP Digital Assets: “2024 was a watershed moment for the cryptoasset class: the year that the wholesale market truly began to take permanent shape. Fusion Digital Assets is built to offer institutional clients a reliable platform to access high-quality liquidity, positioning us to capitalize on the growth of the wholesale crypto market. Adding a partner of Coinhako’s calibre is another important step forward in the growth of our exchange and paves the way for an even stronger and more promising 2025.”