Source: CryptoNewsNet
Original Title: Crypto.com first to go live on Lynq, streamlining funding for institutional clients
Original Link: https://cryptonews.net/news/market/32241306/
Overview
Crypto.com Exchange has become the first exchange to go live on Lynq, a real-time, interest-bearing settlement network. This integration facilitates 24/7 collateral movement for institutional clients, enhancing operational efficiency.
Integration Details
The integration offers institutional clients of Crypto.com Exchange seamless funding of accounts, enhancing liquidity management and trading efficiency. Early adopters including Aquanow, DV Chain, GSR, Nonco, and Wintermute immediately utilized this service on day one.
Key Statements
Lynq CEO Jerald David highlighted the significance of the launch:
This launch is another step toward assembling a network of trusted counterparties that enhance capital efficiency and operational resilience across digital asset markets.
Crypto.com director Karl Turner emphasized the institutional benefits:
With this integration, our clients gain faster access to exchange funding and the efficiency of on-chain settlement – both critical components in advancing the next phase of institutional digital asset trading.
Competitive Positioning
The platform aligns with other US Dollar options for institutional exchanges, including Fedwire, SWIFT, and CUBIX, streamlining and improving the security of transaction processes.
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Crypto.com First to Go Live on Lynq, Streamlining Funding for Institutional Clients
Source: CryptoNewsNet Original Title: Crypto.com first to go live on Lynq, streamlining funding for institutional clients Original Link: https://cryptonews.net/news/market/32241306/
Overview
Crypto.com Exchange has become the first exchange to go live on Lynq, a real-time, interest-bearing settlement network. This integration facilitates 24/7 collateral movement for institutional clients, enhancing operational efficiency.
Integration Details
The integration offers institutional clients of Crypto.com Exchange seamless funding of accounts, enhancing liquidity management and trading efficiency. Early adopters including Aquanow, DV Chain, GSR, Nonco, and Wintermute immediately utilized this service on day one.
Key Statements
Lynq CEO Jerald David highlighted the significance of the launch:
Crypto.com director Karl Turner emphasized the institutional benefits:
Competitive Positioning
The platform aligns with other US Dollar options for institutional exchanges, including Fedwire, SWIFT, and CUBIX, streamlining and improving the security of transaction processes.