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
VARIOUS CRYPTOASSETS
Bitcoin, Ethereum, XRP, Litecoin, USDC etc. and major fiat currencies
LOW-LATENCY API
Get access to the true liquidity via supported APIs (REST, WS)
LOW COST POSSIBLE
Optimised business process to keep settlement cost low
24/7/365 LIQUIDITY
Round-the-clock system with the 99% expected uptime
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?
Yes, if...
PURE HEDGING
You accept payments for goods and services in cryptocurrencies or pay your staff or vendors in crypto
EXCHANGE BUSINESS
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
TRANSACTION PROCESSING
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 (SEPA).
PRODUCT TIMELINE
INITIAL IDEA
April 2019
The idea of a trading non-custodial venue with aggregated crypto-liquidity was initially discussed by the Finery team.
DRAFT DESIGN
June 2019
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.
EFX CORE
September 2019
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.
LIVE TRADING
November 2019
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.
STABLE COIN
December 2019
A first stable coin - Centre's USDC - was added to the the list of supported instruments in response to the demand from customers.
MORE COINS
March 2020
We have added new coins (ETC, XLM, XTZ, ZEC) and a new stable coin DAI as well as ETH/EUR, BCH/EUR, LTC/EUR, XRP/EUR trading pairs to meet the demand from our users.
AUTOSETTLEMENT
April 2020
Finally, we have released a non-trading API that allows settlement between the trading parties in a completely automated way.
MORE QUESTIONS?
Get in touch or send us a request by email.