Leading trading technology provider Mercury Digital Assets has unveiled its new BEACON OTC platform. The software is designed to provide several crypto markets – including ATMs and digital exchanges – with institutional services that will help them provide crypto derivatives and spot trading for customers.
Mercury Digital Is a Leading OTC Provider
Crypto has come a long way in the past several years. While initially traders could only invest in specific coins through exchanges, this world has expanded to include several alternative trading products such as exchange-traded funds (ETFs) and staking pools. Mercury Digital is now looking to help grow the industry by making sure more crypto companies have what they need to keep their customers happy through the addition of said options.
Tony Saliba – the CEO of Mercury Digital – explained in a statement to his company’s clients:
Your needs are our priority. At Mercury, we develop and provide customizable proprietary technology to fit the client’s needs ensuring anything they want can be designed, built, and delivered quickly to keep up with the competitive and fast-moving crypto assets world.
Mercury has become a leading crypto OTC technology provider. BEACON OTC can be molded and changed around to fit a specific company’s needs and vision. The program features a unique interface that can serve either as a separate business model, or it can be mixed into one that already exists if the respective company utilizes limited technology.
In addition, BEACON also connects to third parties like OTC liquidity providers, banking platforms, and FX brokers while automating certain operations like pre-trade risk checks. Thus, clients of Mercury Digital can focus on gaining market shares and building new products to ensure their business gets stronger.
Traders can expect to see services like those offered through Mercury become more legitimate and mainstream in the coming years now that they are getting their way on specific products. For example, it was long stated that a bitcoin-based ETF would never come about. It sure seemed that way for many years given that the Securities and Exchange Commission sought to either condemn or delay any ETF crypto applications that made their way into its main offices.
Pro Shares Started a Trend
It wasn’t until 2021 when Pro Shares unveiled a new futures-based bitcoin ETF. The product was criticized for its lagging technology in that futures are often considered weaker than physical assets. In addition, it was stated that customers would not be privy to full profit trading, though the move was considered a big one in that so many years had gone by where the SEC just said “no.”
Crypto has long been a purely speculative industry, though now it appears to have become much more in that people are viewing items like bitcoin as hedges tools; products that can keep wealth safe and secure during times of economic turmoil.