Digital asset trading firm STS Digital has announced the acquisition of Swiss cryptocurrency market maker Flovtec, aiming to enhance its market making services and liquidity solutions.
STS Digital Acquires Swiss Market Maker Flovtec to Expand Market Making Capabilities
In a press release, STS Digital said the acquisition is expected to significantly accelerate its market-making capabilities.
The integration of Flovtec's trading infrastructure and proprietary algorithms is expected to deliver deeper liquidity and tighter spreads for Flovtec's established clients, thereby expanding STS Digital's reach in the market.
The acquisition will support a range of services, including regulated custody, customized liquidity solutions and advanced trading strategies.
STS Digital plans to incorporate Flovtec's technology into its existing platform, which is expected to facilitate the development of new and innovative trading products and services.
The acquisition also positions STS Digital to benefit from Flovtec’s regulatory status in Switzerland, potentially helping it expand into the European market.
STS Digital specialises in over-the-counter trading and market making, and this strategic acquisition is seen as a significant step in enhancing its capabilities and service offerings in the digital asset space.
*This is not investment advice.