LATTICE80 announced on Tuesday it is currently planning to launch Crypto Exchange exclusively for institutional investors. According to LATTICE80, the new exchange will be catered to Institutional Investors and it will have a market-making engine to provide liquidity to other exchanges and funds. While sharing more details about the new Exchange, Joe Seunghyun Cho, Co-founder and Founding CEO of LATTICE80, stated:
“We see strong demand in the market yet lack of institutional level service providers to support market needs. LATTICE80’s parent company Marvelstone Group will provide its quant hedge fund systems to build institutional level liquidity provider services and trading engines. We won’t be competing with other exchanges in retail market but partner with other exchanges to grow together to support Institutional Investors.”
LATTICE80 also recently announced to open Crypto Hub in Singapore and KAYA Token Private Sales of the first ICO round started on Monday. The announcement came just a little over a month after LATTICE80 discontinued its Singapore fintech hub to launch the new Crypto Hub. At the time of the announcement, Cho revealed that despite the company’s move to London, Singapore remains a hotbed for innovation.
“What is missing, despite massive interest, is a balanced ecosystem for Blockchain and crypto startups in the country. In my regular interactions with various founders and other important people in the industry, a demand for the expertise LATTICE80 brought to Fintech is evident. The potential to collaborate, learn, and co-create needs to be addressed and it needs to addressed now. A place where startups can pitch and test their ideas daily with the community is required.”