Vela, a global multi-asset electronic trading provider, announced on Thursday it has teamed up with CoinRoutes, a provider of consolidated data, smart order routing & algorithmic trading for crypto investors, to provide the crypto-asset capabilities of the Vela products. Vela reported that through the partnership CoinRoutes will deploy its Smart Order Routing (SOR) platform to provide clients with immediate electronic access to crypto-asset trading exchanges.
Vela also revealed that its Crypto-Asset SOR offering, based on the CoinRoutes platform, provides routing to achieve the best aggregate price across all selected crypto exchanges immediately. The platform provides both aggressive and passive algorithmic strategies allowing clients to trade while retaining complete control over their exchange keys and wallets.
While sharing more details about the partnership, David Weisberger, Co-Founder and CEO at CoinRoutes, stated:
“We are very pleased to be working with Vela to deliver easy and convenient electronic access to crypto-asset exchanges.” Adding, “As Vela is a trusted leader in the FinTech space, we are excited with what the future holds for our partnership and the new solutions we will be able to provide to our mutual clients.”
Peggy Sullivan, Chief of Staff at Vela, went on to add:
“This launch of Vela’s Crypto SOR platform is yet another step forward in delivering innovative solutions that simplify electronic cryptocurrency trading for our institutional global client base.” Adding, “Our partnership with CoinRoutes allows traders to leverage sophisticated SOR and algorithmic strategies to achieve best execution. We look forward to continue working with CoinRoutes and providing robust and innovative technology products to support enterprise-grade crypto-asset trading.”