Digital Asset Trading Firm STS Digital Acquires Swiss Cryptocurrency Market Maker flovtec
Digital asset trading firm STS Digital has acquired Swiss cryptocurrency market maker flovtec to expand its market making capabilities and enhance its liquidity solutions, The Block reports. STS Digital, which specializes in over-the-counter (OTC) trading and market making, believes that the strategic acquisition of flovtec will “significantly accelerate its market making services” as “it will provide deeper liquidity and smaller spreads for flovtec's regular customers “. Potential enhancements to the service include regulated custody, customized liquidity solutions and trading strategies. The acquired firm's trading infrastructure and proprietary algorithms will be integrated into STS Digital's existing platform, which STS claims will “facilitate the development of new and innovative trading products and services”. In addition, flovtec is regulated in Switzerland, which may help STS Digital expand in the European market.
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