Covario and AlgoTrader Team up to Offer Extended Liquidity and Best Pricing for Institutional Investors

Covario and AlgoTrader have partnered to provide extended liquidity and digital assets coverage for institutional buy- and sell-side clients, as well as best execution for crypto asset trading. With this strategic partnership, institutional clients of AlgoTrader's unique digital asset trading and orchestration platform gain full access to Covario's leading prime brokerage service offering. The partnership is anticipated to extend both firms' reach among institutional investors and mutually strengthen their positioning in the crypto asset management market.

AlgoTrader, as a leading technology provider for crypto and digital assets trading, connects its trading platform to all of Covario's services that are accessible via API integration. This connectivity allows AlgoTrader clients not only access to Covario's vast network across centralized (CEX) and decentralized (DEX) venues, but also various assets in the DeFi ecosystem that can be accessed through the prime brokerage service provider.

Covario CEO Mark Banner commented: "AlgoTrader's state-of-the-art digital asset trading and management platform, connected to Covario's aggregation of crypto solution providers, delivers a cost efficient and seamless trading experience. Through our combined efforts, we look forward to revolutionizing the institutional digital asset space."

AlgoTrader CEO Andy Flury added: "We are delighted to add Covario, one of the leading institutional crypto brokerages, to our list of top-grade venues for clients looking for convenient and secure access to the deepest liquidity at best rates. Thus, their custom-built solution will greatly benefit our buy- and sell-side clients. Through expanding our connectivity range with Covario, we'll further strengthen our positioning in the global digital asset investment scene and accelerate market adoption among financial institutions."