EFX LIQUIDITY MODULE
Fiat-to-crypto and even crypto-to-crypto transactions imply high transaction cost as well as high counterparty risk.
Our solution offers trouble-free hedging against a risk exposure to crypto assets.
Low cost, low risk, easy to integrate.
ZERO TRADING FEES
No trading or other hidden fees; get what you see
REALLY GOOD RATES
Even better than on leading crypto exchanges
Bitcoin, Ethereum, XRP, Litecoin, USDC etc. and major fiat currencies
Get access to the true liquidity via supported APIs (REST, WS)
LOW COST POSSIBLE
Optimised business process to keep settlement cost low
HOW DOES IT WORK?
The process is really simple
MARKET MAKERS >
provide liquidity across a number of supported crypto-crypto and crypto-fiat currency pairs while maintaining narrow spreads
< EFX CORE >
is our communication software that allows smooth interaction between takers and makers, provides API, reporting and controls for risk limits
< END USERS
connect to eFX core and take liquidity in order to manage their treasury, hedge risk exposure to crypto assets or process a transaction
DO I NEED IT?
You accept payments for goods and services in cryptocurrencies or pay your staff or vendors in crypto
You need to convert fiat-to-crypto (or crypto-to-fiat) and crypto-to-crypto on risky crypto exchanges placing your money at risk and paying high fees
You process crypto transactions and need to manage your treasury position by OTC or on-exchange trading
Supported crypto assets: BTC, BCH, ETC, ETH, LTC, XLM, XRP, XTZ, ZEC and counting.
Supported stable coins: USDC, DAI, USDT.
Supported fiat currencies: EUR, GBP.
The idea of a trading non-custodial venue with aggregated crypto-liquidity was initially discussed by the Finery team.
We spent May and June on getting the first feedback from potential users of the platform. Participating in Blockchain Summit in Malta and Consensus conference in New York has made it possible to finalize the product's design.
In the beginning of September, the matching engine that enables peer-to-peer trading was ready for the integration with a pilot market maker and a pilot client.
Official launch of the beta version. The first live trade took place on the 1st of November. The first settlement was seamless and occurred a couple of days later.
A first stable coin - Centre's USDC - was added to the the list of supported instruments in response to the demand from customers.
We have added new coins (ETC, XLM, XTZ, ZEC) and a new stable coin DAI as well as ETH/EUR, BTC/GBP trading pairs to meet the demand from our users.
Finally, we have released a non-trading API that allows settlement between the trading parties in a completely automated way.