Crypto Exchange Bitfinex Seeks To Offer Institutional-Grade Cryptocurrency Connectivity

Announcements, News | July 12, 2018 By:

Crypto security provider Market Synergy GmbH has been chosen by cryptocurrency exchange Bitfinex to provide robust, high performance connectivity for institutional clients.

Based in Switzerland, Market Synergy offers institutional cryptocurrency connectivity and security for banks. It has developed a bespoke network solution designed to ease the fragmentation of connectivity in the 24 hour cryptocurrency market. Its Meet-Me-Rooms (MMR) provide centralized sources of cryptocurrency connectivity to exchanges, banks, brokers and hedge funds.

According to the release, Market Synergy designed and built a network solution for Bitfinex that is hosted in a Swiss data center in Zug, known as the Crypto Valley. In addition to providing outsourced connectivity and hosting services to Bitfinex, Market Synergy will manage co-location services for the exchange’s institutional clients. Market Synergy will also offer a FIX feed and ISP link to Bitfinex’s recently launched digital asset gateway.

James Banister, CEO, Market Synergy, said they have worked very closely with Bitfinex to evaluate their needs, select the ideal data center and set up the correct infrastructure to create a bespoke network with connections to their digital asset gateway for professional traders.

“We are now ready to go live, having invested in and set up our infrastructure in a secure data center in Switzerland which hosts servers for a number of major financial institutions,” Banister said. “We can also offer colocation services to any Bitfinex institutional client.”

Market Synergy is a separate company within the FXecosystem Group, which also comprises of FXecosystem and Bondecosystem, both of which are institutional market leaders in outsourced connectivity in their respective asset classes.

“We are very pleased to collaborate with Market Synergy to facilitate improved access to digital assets via Bitfinex,” said Bitfinex CTO Paolo Ardoino. “We are experiencing first hand the immense institutional interest in cryptocurrency trading and we are excited to be able to pioneer its development.”