Newly launched American cryptocurrency exchange Binance.US has partnered with Tagomi, an institutional investor-focused crypto brokerage, to provide liquidity for its cross-exchange trading platform.
Tagomi went live in December 2018 and raised $12 million in a funding round earlier this year. The crypto brokerage platform has also received BitLicense from the New York Department of Financial Services (NYDFS).
Through this partnership with Binance.US, Tagomi users, which include quant funds, venture funds, family offices, IRAs and HNWI, would be able to benefit from improved access to the marketplace’s select trading pairs.
“Few countries can rival the liquidity and demand of U.S. markets. Large funds, venture capitalists and family offices in the U.S. need secure access to participate in the crypto market as global players,” said Marc Bhargava, President of Tagomi. “Binance.US is tilting the odds in their favor by offering Americans broader asset exposure.”
As a crypto brokerage, Tagomi aims to offer its users the lowest price possible on select trading pairs. It does so by submitting trade orders across several exchanges.
Binance.US is the 15th exchange to join Tagomi, along with a number OTC desks both in the U.S. and abroad. As a liquidity partner, Binance.US will offer institutional traders on Tagomi’s platform increased access to on-demand liquidity.
“Binance.US is focused on lowering the barriers to entry and cultivating a new class of crypto investors. Institutional traders in the U.S. present an outsized demand that is currently not being met. Our partnership with Tagomi falls directly in line with our mission to make the U.S. a global leader in the growth of the digital asset market, while also helping educate new and sophisticated traders on the wealth of opportunities cryptocurrencies present, well beyond simple investment vehicles,” said Catherine Coley, CEO of Binance.US.
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