UTC-05:00,Friday , April 19th 2019

Crypto Exchanges Must 'Grow or Die,' Says Exec at Fintech Firm Cinnober

12:24 Thursday , November 08th 2018
A financial technology company that was founded a full decade before the Bitcoin white paper came out is looking to help today's cryptocurrency trading platforms mature.

Cinnober, based in Stockholm, mainly provides tech solutions to traditional stock and commodity exchanges around the world. But this year it's struck a handful of deals with crypto startups – most recently the Bitstamp exchange, which announced this week it will be the first in the space to use the vendor's TRADExpress platform, alongside the likes of the London Metal Exchange. And it likely won't be the last crypto exchange to do so. Cinnober says it's looking for other potential partners in the market and sees around a dozen that would fit its criteria for selection: the biggest trading volumes and an effort to gear up for serving institutional investors.

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