The nascent cryptocurrency industry is growing leaps and bounds according to reports and data from the past several years. That has attracted many individuals and institutional players seeking to establish themselves as the dominant forces as the market grows. The latest entrant to the crypto sector is Caplin. This E-trading technology provider announced on July 22 that it has added cryptos to its technology components for multi-asset trading.
The company explained that this addition of digital assets came after high demand came from its institutional client base. The London-based company has included multiple features for its crypto trading services. These features include request for stream, volume ladders, request for quotes, and watchlists. Currently, Caplin has already added support for up to 35 crypto assets trading and it has plans to add some more.
Moreover, the platform is offering customized technologies primarily based on their clients’ needs. The CEO of the company, John Ashworth, said that institutional crypto trading is a growing and evolving market. The market leaders in that sector strive to offer user-friendly and high-quality platforms.
Nevertheless, many clients remain anxious about the path of development that the market will take. Hence, most request for a platform that has elements and features of FX trading whilst simultaneously incorporating ‘crypto-specific’ features.
Joining a Highly Demanding Market
Caplin already offers desktop and mobile-based trading technologies. Since 2002, the company has invested in various industries like futures, equities, forex, precious metals, fixed income, and now the lucrative prospective crypto market.
The company is bullish with its ‘agile methodology’ for trading. Therefore, it is leveraging market monitoring, multi-factor authentication, real-time notifications and charts for all its crypto services.
Ashworth is aware that the clients want speed and flexibility in product development. Caplin is confident that it delivers all that since it integrates agile processes with advanced technologies and many years of experience in the financial markets. The CEO said:
“Our technology platform is built to be easily adaptable to accommodate different assets. This resulted in crypto trading being added in only 90 days.”
Therefore, it enables the company to accommodate specific client needs while concurrently remaining flexible, even in new markets. For several years now, Caplin is seen to be planning aggressively for its expansion into the new markets. Notably, it added three market veterans to its team earlier this month.
The list of institutional investors diving into the crypto markets keeps growing. Thus, it might be just a matter of time before virtual tokens are accepted as forms of payments around the world even at retail levels.