Cryptocurrency Prime Brokerage Companies
BitGo, the world's leading digital asset custody provider, entered the crypto prime brokerage niche by establishing BitGo Prime. BitGo Prime serves institutional investors by providing them the opportunity to trade their crypto assets directly and anonymously from the safety and security of insured cold storage at BitGo Trust. BitGo Prime states that it sources from a deep pool of liquidity across a number of Tier 1 exchanges and market makers and acts on a riskless principal basis, providing liquidity to clients directly on a non-disclosed basis. BitGo Prime also supports full integration with BitGo Portfolio and Tax, helping its clients with reporting and compliance.
Launched by the company behind the first U.S. OTC bitcoin trading desk, Genesis Prime is a full-service digital currency prime broker and one of the leading providers in the niche. It provides institutional investors with an all-in-one solution to put substantial amounts of capital to work, be it to trade, borrow, or lend digital assets. Its services include secure, discreet buying and selling, borrowing and lending in large sizes over fixed terms, cryptoasset custody services, and screening to ensure KYC and AML requirements are met. Thanks to years of successful operation and its transparent reputation, today Genesis is a preferred choice for institutional investors in the crypto niche.
Founded in 2007 in London, BEQUANT is considered a leading one-stop solution for professional digital-asset investors and institutions. BEQUANT Pro is the company's prime brokerage arm that focuses on providing institutional trading services with low latency and direct market access. The service provider points out that once its clients set up multicurrency (crypto and fiat) accounts, they gain access to the top-10 most liquid crypto exchanges and OTC block trading execution. They can also take advantage of a simplified KYC process, dedicated 24/7 customer support, and an individual client manager. BEQUANT's team is composed of experts from institutional, retail, and digital investment firms.
Troy Trade is a global prime broker specialized in crypto trading and asset management. The firm provides crypto brokerage services for institutional clients and professional traders. Aside from that, it helps its clients by providing additional products and services, including spot and margin trading, derivatives, data, custody, lending, and staking, all managed from a single account. Troy Trade claims that the users of its trading platform can also take advantage of sophisticated data analytics and full-stack quantitative solutions. The brokerage company reveals that its leadership is comprised of professionals coming from leading institutions like Credit Suisse, Huobi, OKEX, MIT, and more.
Tagomi is a leading digital assets prime brokerage company. The firm also offers a variety of additional crypto-related services, including trading, custodial solutions, margin, lending, shorting, and financing, all handled from a single account. Founded in 2018 in Chicago, IL, Tagomi executes trades across multiple liquidity venues, including exchanges and OTC desks, to achieve better price execution for its clients. The firm serves active traders and investors, including individuals, funds, RIAs, wealth management companies, and more. Among its clients are the likes of Bitwise, Pantera Capital, Paradigm, Galaxy Digital, Multicoin Capital, and many others. Tagomi was acquired by Coinbase.
FalconX is focused on simplifying institutional trading while at the same time bringing its clients plenty of advantages, including price discovery, deep liquidity (both on lit markets and dark pools), seamless trade execution, zero slippage, and more. FalconX serves both institutional and retail crypto investors, including OTC desks, hedge funds, payment providers, exchanges, prop traders, and miners. The prime brokerage company has developed a tight quoting logic system that uses algorithms to analyze data points on pricing and volatility in milliseconds and deliver its clients fair prices in real-time (99.99% uptime, according to FalconX's information). The firm's trading desk offers 24/7 settlement and customer support.
Founded in 2017 in London, BCB Group is among Europe’s leading payment service providers for institutional clients interested in the cryptocurrency and blockchain industry. The company's services include cryptocurrency prime brokerage, compliance, trade execution and settlement, consolidated reporting, digital custody, and payment and banking services. BCB Group points out that among its clients are some of the world’s largest crypto-engaged financial institutions, including Bitstamp, Nexo, Coinbase, Bitpay, Tagomi, and more. The company claims that it is also the UK’s fastest-growing OTC trading desk.
Quantreq offers customizable and scalable crypto fund and investor services, including fund administration, institutional research, capital introduction, and prime brokerage. By taking advantage of Quantreq’s proprietary QTrade Prime platform, institutional clients can open a single account and gain access to trading across multiple exchanges and venues with deep liquidity. Quantreq's Prime product also includes electronic trade execution and management with smart-order routing, middle/back-office support, pre/post-trade compliance, trading through segregated and consolidated order books with crypto derivatives, options, and more.
Covario is a Swiss crypto prime brokerage platform aimed at building the technology and solutions that asset managers need to trade cryptocurrencies securely, resembling the way they do with traditional assets. Covario claims that its platform connects the world's major crypto trading venues together so that its institutional clients can identify trading opportunities, manage risks with ease, and capitalize on them. Covario’s infrastructure is built from the ground up to be a full-service offering for professional asset managers that brings them speedy market analysis and order entry, a smart trading API with co-located code execution, and multi-venue order pool collation for the best execution.