Caplin has added crypto to its wide range of technology components for multi-asset trading. The E-trading technology provider unveiled this news earlier today. According to the firm, this addition comes after its clients base demanded crypto services.
According to a report, the London-based firm added several features for its crypto trading services. These include volume ladders, watchlists, requests for quotes or request for stream. At the moment, the company has listed 35 coins for trading. It also aims to back more coins in due course. On top of this, Caplin is offering its clients some customized technologies to suit their needs.
Talking about the firm’s new services, John Ashworth, Caplin’s CEO said,
Institutional crypto trading is a new and constantly evolving market, with market leaders focused on providing cutting-edge and user-friendly platforms. However, clients are also anxious about the way the market will develop, and have asked for a platform that mimics elements of FX trading whilst capturing ‘crypto-specific’ features.
Venturing into the Crypto Market with High Demand
Caplin has been providing desktop and mobile-based trading technologies for close to two decades now. The firm has ventured into a wide array of sectors such as forex, equities, and fixed income among others. Its entrance into the crypto space comes as the crypto market continues trading sideways in the day.
The firm revealed that it would use multi-factor authentication and market monitoring for its crypto services. Also, it noted that it would introduce real-time charts and notifications.
Our technology platform is built to be easily adaptable to accommodate different assets. This resulted in crypto trading being added in only 90 days.
This news comes after Caplin added three market experts to aid its expansion plans. A report unveiled that the firm aims to branch out into Asia, Scandinavia, and the Middle East and Africa (EMEA) region. The new members are Keith Hill, Campbell MacPherson, and Claus Holmark Asved.
Keith hill joined the Caplin team as an advisory board member. Prior to this appointment, he worked in the FX sector for 35 years. Campbell MacPherson took the Head of Business Development for APAC position. He has 30 years of experience in Global Markets sales and tech space. On the other hand, Claus Holmark Asved joined Caplin as the Head of Business Development for Scandinavia and Germany. He came with 30 years of experience in the FX sector.
Do you think Caplin’s foray into crypto will pave way for other mainstream firms to dip their toes in the nascent sector? Let us know in the comments below.