The market structure for digital assets is unique. In addition to matching trades, exchanges act as depository institutions for trading collateral. Professional traders and institutions incur costs, operational risk and capital inefficiencies because collateral is fragmented across many exchanges.
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Press May 01, 2019
SINGAPORE, May 1, 2019 - NextPrime emerged from stealth mode today and announced the launch of its prime-brokerage services platform for institutional crypto traders. The first service on offering is a fiat-currency custody solution that allocates buying power across multiple exchanges from a single pool of trading capital. Funds are held in fully-regulated, third-party custody accounts and cash settled multuple times daily.