Broctagon Rolls out Network for Aggregated Crypto Liquidity Pool

Fazzaco learned that Broctagon Fintech Group (Broctagon), a multi-asset liquidity and technology provider headquartered in Singapore, has rolled out a global network of crypto liquidity providers, to build an aggregated liquidity pool - WorldBook.

WorldBook is a crypto Straight-Through Processing (STP) network and is designed to standardize the crypto liquidity industry. It will integrate the orderbooks of all connected crypto exchanges, for the purpose of simplifying cryptocurrency prices like FX and securities.

Currently, the new launch is leveraging the NEXUS 2.0, a next-generation liquidity aggregation engine developed by Broctagon, as the driving engine, with smart order routing, promising global price discovery and best bid and offer.

“Liquidity challenges exist for newer and established exchanges alike,”said Broctagon Co-Founder and CEO, Don Guo. “The former requires extensive capital for marketing to capture enough users for a liquid orderbook while the latter often pay hefty fees for external market maker services to drive profitability. The WorldBook is a solution for both.”

“With the WorldBook’s price aggregation, we found that bitcoin had an average negative spread of USD$10, even amongst the major exchanges. The price disparity could only be worse for the thousands of altcoins across many smaller exchanges.”

Earlier in May, Fazzaco reported that Broctagon has received Labuan Money Broker License​ to expand its presence in Asia.