Talos Platform Launches New Feature Combining FX and Crypto

Talos, a leading institutional technology provider for digital asset trading, announced that it has launched a new feature on its platform that allows its clients to define and trade synthetic pairs that include FX and crypto "legs" .

As a result, Talos's clients can now trade or provide prices in pairs like BTC-EUR by automatically combining the FX (ex EUR-USD) and the digital asset (ex BTC-USD) legs to derive a cross rate with a tighter spread.

By marrying FX and digital assets, Talos delivers an efficient, end-to-end solution that effectively gives an investor direct access to a global pool of both FX and crypto liquidity, as well as the ability to move efficiently from asset to asset. Additionally, through Talos's digital asset trading platform, investors can see all active trading counterparties along with available quantities across all supported FX and synthetic markets. Using the platform's FX capabilities, the system will arrive at a single cross-rate price based on the quantity required and will then concurrently execute both the FX and crypto components of the transaction.

"Digital assets are traded worldwide by the retail sector and institutions alike, but the majority of the liquidity remains in USD-denominated pairs," says Anton Katz, co-founder and CEO of Talos. "Given the rapidly increasing number of non-US institutional clients we're now seeing, the ability to trade seamlessly from any fiat currency to any cryptocurrency should significantly reduce trading costs and bring further international players to our platform."