• PRIVATE COMPANY M&A

    STS Digital acquires Swiss market maker flovtec

    theblock.co 14/08/2024 - 07:05 AM

    STS Digital Acquires flovtec

    Digital asset trading firm STS Digital has acquired Swiss crypto market maker flovtec to expand its market-making capabilities and enhance liquidity solutions.

    STS Digital, which specializes in over-the-counter trading and market making, believes its strategic acquisition of flovtec will significantly accelerate its market making services by offering deeper liquidity and tighter spreads to flovtec’s established clientele, according to a press release.

    Services that may be bolstered include:
    – Regulated custody
    – Tailored liquidity solutions
    – Trading strategies

    The acquired firm’s trading infrastructure and proprietary algorithms will be integrated into STS Digital’s existing platform. STS claims this will facilitate the development of new and innovative trading products and services.

    Additionally, flovtec’s regulation in Switzerland may help STS Digital expand in the European market.




    Comments (0)

      Greed and Fear Index

      Note: The data is for reference only.

      index illustration

      Extreme Greed

      84