cryptobriefing.com
Crypto exchange Bitfinex has partnered with the global credit network Hidden Road to broaden institutional access to digital assets. Institutional investors connected with Hidden Road will now be able to access Bitfinex’s digital asset offerings.
“I am thrilled to welcome Hidden Road and their customer base to the most resilient digital assets exchange platform on the market,” said Bill Brindise, Head of Business Development at Bitfinex. “We at Bitfinex are proud to offer customers cutting-edge trading features, deep liquidity, and a wide range of trading pairs, all supported by a robust infrastructure fortified with stringent security measures. I am certain that Hidden Road’s customers will enjoy exploring the different products we provide to help institutional and professional investors gain exposure to digital assets.”
Hidden Road provides brokerage services to institutional clients, including hedge funds and proprietary trading desks, and the partnership with Bitfinex is set to enhance its digital asset trading capabilities. Moreover, Bitfinex also offers derivatives, presenting an array of crypto exposure to institutional investors.
“Hidden Road is committed to providing our clients with modern technology and streamlined workflows for a seamless experience across products and asset classes on our platform, including digital assets” added Michael Higgins, Global Head of Business Development at Hidden Road. “Integrating with Bitfinex underscores our efforts to enhance access and choice, and we are happy to offer our counterparties access to this preeminent venue.”
Crypto’s popularity is growing among institutional investors. A recent study by BNY Mellon Wealth Management Study revealed that 39% of the family offices surveyed are either actively investing or considering investments in this asset class.
Additionally, 76% of hedge funds had at least 1% invested in crypto last year, according to data from Statista.