{"id":81256,"date":"2024-06-13T14:35:41","date_gmt":"2024-06-13T18:35:41","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=81256"},"modified":"2024-06-13T14:38:30","modified_gmt":"2024-06-13T18:38:30","slug":"hidden-road-partners-with-bitfinex-after-bybit-kyc-issues","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/hidden-road-partners-with-bitfinex-after-bybit-kyc-issues\/","title":{"rendered":"Hidden Road Partners with Bitfinex After Bybit KYC Issues\u00a0"},"content":{"rendered":"\n

Shortly after severing connections with Bybit, the brokerage business Hidden Road<\/a>, sponsored by Citadel Securities, has teamed up with Bitfinex.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u00a0Institutional investors that use Hidden Road, a premier brokerage firm supported by Citadel Securities, will now have access to cryptocurrency through Bitfinex. <\/p>\n\n\n\n

The cryptocurrency exchange announced that Hidden Road's “extensive institutional investor base” will have access to Bitfinex's list of supported cryptocurrencies as a result of the cooperation in a press statement dated June 13.\u00a0<\/p>\n\n\n\n

Although the partnership's details were not made public, the exchange made clear that institutional investors will profit from services, including margin trading, over-the-counter markets, and peer-to-peer financing\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. <\/p>\n\n\n\n

The integration with Bitfinex “underscores our efforts to enhance access and choice, and we are happy to offer our counterparties access to this preeminent venue,” said Michael\u00a0<\/p>\n\n\n\n

Higgins, global head of business development at Hidden Road, in a statement regarding the partnership. A “disagreement” about Bybit's know-your-customer and anti-money laundering processes<\/a> was cited as the reason for the brokerage business in London ceasing to provide its clients with trading access on the platform before the partnership was official. <\/p>\n\n\n\n

Hidden Road, founded in 2018 by Marc Asch, offers margin financing and cross-margining for cash, cleared derivatives, and over-the-counter swaps products. <\/p>\n\n\n\n

With an emphasis on cryptocurrencies, the company also provides elite brokerage services. A $50 million Series A fundraising round headed by Castle Island Ventures was held by Hidden Road in 2022. Wintermute, XBTO Humla Ventures, Citadel Securities, FTX Ventures<\/a>, Uncorrelated Ventures, Greycroft, and Coinbase Ventures were among the other investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shortly after severing connections with Bybit, the brokerage business Hidden Road, sponsored by Citadel Securities, has teamed up with Bitfinex. \u00a0Institutional investors that use Hidden Road, a premier brokerage firm supported by Citadel Securities, will now have access to cryptocurrency through Bitfinex. The cryptocurrency exchange announced that Hidden Road’s “extensive institutional investor base” will have […]<\/p>\n","protected":false},"author":43,"featured_media":81257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11407],"tags":[729,19782,985],"class_list":["post-81256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-exchange","tag-bitfinex","tag-hidden-road","tag-partnership"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1718301825456.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=81256"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/81257"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=81256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=81256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=81256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}