Apifiny, a cross-exchange crypto-asset buying and selling community, at present introduced the launch of its new Good Order Routing (SOR), a sophisticated function that permits institutional merchants to automate and route orders throughout Apifiny’s 25+ linked exchanges for finest value execution.
The SOR function addresses important crypto market fragmentation by enhancing the capabilities of multi-exchange buying and selling via a single API and account.
Institutional merchants are accustomed to utilizing sensible routing methods, and SOR is designed to automate and break down giant orders and seeks to establish the most effective costs all through networked exchanges to reduce any slippage in value.
Apifiny’s aim is to drive institutional adoption with applied sciences and instruments that deal with issues throughout the crypto trade, particularly market fragmentation. Previously yr, it has been reported that the crypto markets are so fragmented that even when the 5 largest exchanges have been to merge, the brand new entity would nonetheless solely command round 40% of the general buying and selling quantity.
“With a view to deal with liquidity fragmentation, sensible order routing was the logical subsequent step within the evolution of Apifiny’s platform. SOR has confirmed to be a key instrument in inventory buying and selling and permits for hedging towards fragmentation by analyzing the market and executing orders in direction of a unified value. Whereas there are nonetheless a number of main platform developments to come back this yr, SOR is a large step ahead for institutional merchants and we’re excited to supply it via Apifiny.”
– Haohan Xu, CEO of Apifiny
Connecting with over 25 of the highest crypto exchanges by buying and selling quantity, the Apifiny community will increase stability and reduces disruption within the market by offering quick entry to the optimum market-clearing costs and liquidity for buying and selling cryptocurrencies.