BitGo brings right flow to Cinnober crypto exchange solutions
Cinnober, a provider of exchange technology, has turned to BitGo’s crypto wallet solution to expand its trading and post-trade platform for digital asset exchanges.
BitGo’s wallets and custodial services allow clients to store and transfer digital assets. The solutions include security key management, multi-signature setups, setting of procedures and client-driven policies.
Veronica Augustsson, CEO of Cinnober, says: “The cryptocurrency market has grown significantly in the past few years, and we’ve seen exchanges in this segment struggle with capacity, scalability challenges and repeated outages.
“There is an opportunity for Cinnober to support this market with proven trading and surveillance solutions used by established financial markets, and, with BitGo’s secure and reliable wallet and custody services, we can offer a competitive solution with short time-to-market.”
Stand on Cinnober
Last month, KRM22, a London-listed tech investment company, said it was acquiring a 60% stake in Irisium, a subsdiary of Cinnober, for £2.5 million in cash.
Back in February, Japan Exchange Group launched its new clearing system for exchange traded derivatives (ETD), based on Cinnober’s TRADExpress RealTime Clearing and CCP Risk solution.
