Talos Uses Amber Group for Liquidity Due to Rising Demand

Amber Group will now be a part of crypto trading platform Talos’ vast partner network, which includes over 40 liquidity venues including the exchanges Binance, Coinbase, and FTX.

In response to the rising demand for cryptocurrency trading and investment in the Asia Pacific area, the institutional crypto trading platform Talos has added Amber Group as its newest liquidity provider.

Through the arrangement, Talos customers will be able to utilise Amber Group’s WhaleFin platform to seek liquidity for their transactions.

Products geared at institutional investors, according to Talos’ head of APAC Samar Sen, are crucial for the industry’s expansion among seasoned institutional investors.

”Despite current market conditions, we continue to see increasing adoption of digital assets by institutions on the buy-side and sell-side,” Sen told. “Their long-term views on the potential of digital assets are undiminished, and many of these institutional service providers are using this time to build their product offerings before the next growth cycle.”

The conventional financial behemoths Citigroup (C), Wells Fargo (WFC), and BNY Mellon invested in Talos’ $105 million Series B fundraising round in May, which valued the business at around $1.25 billion (BK).

Amber joins Talos’s partner network of more than 40 liquidity venues, which also includes over-the-counter businesses and cryptocurrency exchanges including Binance, Coinbase, and FTX.

As big deals are completed, matched, or sold quickly utilising Talos’s infrastructure, the move would encourage the institutional use of cryptocurrencies.