Matrixport Introduces Phoenix Prime, a Breakthrough Brokerage Service with Ultra-Fast Connectivity to Cryptocurrency Liquidity

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Matrixport, a leading digital asset ecosystem, has unveiled its new prime brokerage service, Phoenix Prime. This groundbreaking service offers unified access to the cryptocurrency market with technologically enhanced trading infrastructure, minimal latency in the microsecond range, and a capital-efficient, data-driven system through the FIX protocol.
Powered by an advanced Smart Order Router (SOR), Phoenix Prime provides trading firms with unparalleled, low-latency access to liquidity from spot markets, perpetual swaps, and futures contracts from Binance, OKX, and Bybit. It plans to integrate more exchanges in the future to expand its clients’ access to larger sources of liquidity. The upcoming enhancements aim to optimize capital efficiency by offering trading firms greater strategic flexibility in the efficient management of their resources. Additionally, it addresses challenges faced by some trading firms due to complex integrations across multiple exchanges and geographical locations, as well as increasing KYC/AML compliance requirements.
With its technology-driven, data-driven prime brokerage offering, Phoenix Prime is built on the pillars of speed, cost-effectiveness, and convenience. It enables efficient capital management and mitigates counterparty risk through instant currency transfers, off-exchange settlements, and competitive lending services.
Daniel Egloff, Global Head of Prime Brokerage at Matrixport, stated, “As the market evolves, the value proposition of cryptocurrency prime brokerage will surpass the primitive business model of sub-account renting. Phoenix Prime’s intelligent order routing technology solves the liquidity fragmentation issue across all tradable products, with potential latency as low as 30 microseconds. Trading firms will be able to leverage new trading opportunities, maximize capital efficiency, and reduce counterparty risk while benefiting from competitive execution costs.”
Matrixport is a leading digital asset ecosystem that provides one-stop cryptocurrency financial services to meet emerging needs in asset management, trading, and digital asset custody. The company’s offerings to institutional and accredited investors include Cactus CustodyTM, OTC spot trading, asset management, and access to real-world assets through tokenization.
With actively managed digital assets totaling $4 billion, Matrixport achieved unicorn valuation in pre-funding in 2021 and was identified by CB Insights as one of the world’s 50 most promising blockchain companies in 2022. Through its “Ventures” branch, the company also establishes strategic collaborations with early-stage Web3 innovators, helping them build, grow, and scale.
Based in Singapore, the company holds a Hong Kong Trust Company license, money lender license, FCA Authorized Representative status, and SRO-VQF membership status from the Swiss Financial Market Supervisory Authority (FINMA). For more information, visit https://www.matrixport.com/.

Matrixport operates in the digital asset industry, providing a comprehensive range of cryptocurrency financial services. The company offers asset management, trading, and digital asset custody solutions to meet the emerging needs of institutional and accredited investors.

With its new prime brokerage service, Phoenix Prime, Matrixport aims to revolutionize the cryptocurrency market. The service offers unified access to the market, leveraging technologically enhanced trading infrastructure with minimal latency in the microsecond range. This ensures that trading firms have fast and efficient access to liquidity from spot markets, perpetual swaps, and futures contracts from top exchanges such as Binance, OKX, and Bybit.

In addition, Matrixport plans to integrate more exchanges in the future, expanding its clients’ access to larger sources of liquidity. This strategy aims to optimize capital efficiency by providing greater strategic flexibility for trading firms to manage their resources efficiently.

One of the key issues addressed by Phoenix Prime is the complexity of integrations across multiple exchanges and geographical locations. By offering a unified platform, the service simplifies trading operations for firms, reducing the challenges associated with complex integrations.

Another challenge addressed by Phoenix Prime is the increasing KYC/AML compliance requirements. As regulations tighten in the cryptocurrency industry, trading firms need to ensure compliance while maintaining efficient operations. The new service helps firms meet these requirements by providing a data-driven system and competitive lending services.

Matrixport’s prime brokerage offering is built on the pillars of speed, cost-effectiveness, and convenience. The advanced Smart Order Router (SOR) technology ensures low-latency access to liquidity, with potential latency as low as 30 microseconds. This technology solves the liquidity fragmentation issue across all tradable products, enabling trading firms to take advantage of new opportunities, maximize capital efficiency, and reduce counterparty risk.

In terms of market forecasts, the digital asset industry is expected to continue growing rapidly. As more institutional investors enter the space, the demand for comprehensive financial services like prime brokerage is likely to increase. Matrixport’s innovative approach positions the company well to capture this growing market.

With actively managed digital assets totaling $4 billion, Matrixport has achieved unicorn valuation in pre-funding in 2021. The company has also been recognized by CB Insights as one of the world’s 50 most promising blockchain companies in 2022. This recognition highlights Matrixport’s strong position in the industry and its potential for further growth and success.

For more information about Matrixport and its services, visit their official website here.