Binance aims to expand liquidity offoneZero ecosystemering through integration with oneZero
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Binance, the world’s leading cryptocurrency exchange, recently posted an announcement on its website explaining that Binance VIP & Institutional had decided to join the oneZero EcoSystem. The platform will use the partnership to provide its liquidity services and further extend its reach.
The integration into the oneZero EcoSystem came after the platform launched the Binance Link Program for trading technology providers. In doing so, the exchange opened up its industry-leading liquidity for Margin, Spot, and Futures markets for crypto exchanges and financial brokers that are already a part of the oneZero network.
The exchange said that this would allow institutional clients to deliver pricing, as well as trading over MetaTrader 4 and 5 servers. Apart from that, cross-connections to additional bridges all over the world would also become possible.
Binance pointed out that the service will only be available for clients of both Binance Institutional and oneZero. Furthermore, the provision of the service will require users to submit an application and get approved and accepted by Binance. Meanwhile, oneZero users who never used Binance before will be able to join its VIP Program and gain access to additional benefits.
Building a vast network of brokers, banks, and liquidity providers
As for oneZero, this is a developer of multi-asset enterprise trading technology, which is offered to everyone, including institutional brokers, liquidity providers, banks, and even the retail sector. The company has seen a number of integrations recently, with Binance being only the latest one on the list.
Three months earlier, the company integrated Invast Global — a multi-asset prime brokerage located in Sydney, Australia. The company said that it chose to join up with oneZero in order to meet its core trading technology’s needs, as its institutional business operates around the world.
Before that, oneZero had a number of big integrations in 2021, mostly involving trading-related companies that joined its platform. The firm even integrated three post-trade regulatory vendors, including Point Nine, EMIREP, and SteelEye. In March 2021, the company integrated AFTX’s institutional arm, AFTX Connect. Before that, it was FDCTech, which is a CFD and forex trading technology provider.
March 2021 was also when oneZero launched its Algorithmic Pricing Module, which is a price creation tool that relies on data constructs of brokers, as well as various algorithms to create customized pricing. In other words, oneZero saw a lot of development, new features, and new integrations, which created a vast network of services that are sharing different tools, as well as things like liquidity, in Binance’s case, and more.
OneZero itself says that its EcoSystem is where its network of brokers, banks, and liquidity providers can come together for liquidity distributions and access to unique flow. In addition to that, it provides direct market access to clearing providers, exchanges, and other services.
