Bitfinex, a popular cryptocurrency exchange, revealed that it would partner with Koine, a digital assets custody platform, to enable “investors to mitigate counterparty risk and the use of private keys in the clearing and settlement of cryptocurrencies,” a blog post from the latter group notes.
Essentially, the partnership is in place to improve the platform’s trading environment, ensuring that institutional investors have the services they need to feel safe on the platform.
On top of this, those who have an account both with Bitfinex and Koine can bring out a line of credit on Bitfinex to trade.
An excerpt from the post notes:
“As a cryptocurrency exchange offering capital markets grade trading infrastructure, Bitfinex is at the forefront of offering state-of-the-art services such as the provision of algorithmic trading. The collaboration with Koine delivers a trading environment that meets the needs of institutional investors, providing fund managers with a separate custody solution while maintaining continuous ownership throughout the trade lifecycle.”
Recently, Bitfinex has been expanding its services and offerings. As InsideBitcoins has previously reported on, the platform has recently launched what it calls Bitfinex Pulse, a platform for discussions and other social matters. It’s essentially a social network run by a cryptocurrency exchange.