Transfero & Finery Markets Launch LATAM OTC Crypto Desk

Transfero, a leading fiat onramp provider in Latin America, has announced a strategic partnership with Finery Markets, a prominent cryptocurrency trading technology firm, to establish an institutional over-the-counter (OTC) cryptocurrency trading desk. This collaboration, revealed on Friday, marks a significant advancement in the integration of cryptocurrency and traditional financial services in the region.

The partnership leverages Finery Markets’ advanced trading software, FM Liquidity Match, enabling Transfero to tap into global OTC liquidity sources. This integration is set to revolutionize the way institutional clients execute large-scale cryptocurrency trades, offering them access to automated trade execution and enhanced trading capabilities.

OTC cryptocurrency trading, which facilitates direct transactions between two parties, offers a more flexible approach compared to traditional exchange-based trading. This method provides greater control over pricing and settlement options, making it an attractive choice for large-scale traders.

Carlos Eduardo Russo, CFO at Transfero Group, emphasized the partnership’s goal to bridge the gap between cryptocurrency and traditional financial markets. He highlighted the commitment to empowering clients to seamlessly integrate blockchain technology into their financial transactions, ensuring a smooth and efficient experience.

Finery Markets’ trading software is equipped with sophisticated features such as pre-trade risk management, diverse trade settlement options, and regulatory compliance tools, all designed to meet the specific needs of institutional traders. This technology promises to transform crypto trading procedures and enhance capital efficiency for Transfero’s clients.

Konstantin Shulga, CEO and co-founder of Finery Markets, expressed enthusiasm about providing Transfero with cutting-edge technology that will fundamentally change the landscape of crypto trading.

This initiative arrives at a time when cryptocurrencies are witnessing increasing adoption across Latin America. Transfero plays a crucial role as a fiat ramp, facilitating the conversion between fiat currencies like the Brazilian real or Argentine peso and various cryptocurrencies. Meanwhile, Finery Markets, established in 2019, boasts of offering trading infrastructure and liquidity connections to over 100 institutional cryptocurrency trading firms globally.

The partnership between Transfero and Finery Markets is a significant step forward in the evolution of cryptocurrency trading in Latin America. It not only enhances the trading experience for institutional clients but also signals the growing integration of digital assets into mainstream financial systems. This collaboration is poised to set a new standard in the region’s cryptocurrency trading landscape, offering advanced solutions that align with the dynamic needs of modern traders.