Apifiny, a cross-exchange crypto-asset buying and selling community, at the moment introduced the launch of its new Sensible Order Routing (SOR), a complicated characteristic that permits institutional merchants to automate and route orders for optimum pricing on Apifiny's 25+ linked exchanges.
The SOR characteristic solves vital fragmentation of the crypto market by rising the capabilities of multi-exchange buying and selling via a single API and accounts.
Institutional merchants are accustomed to utilizing good routing methods, and SORs are designed to automate and break massive orders and attempt to establish the perfect costs throughout community exchanges to scale back any slippage of worth.
Apifiny goals to institutionalize with the know-how and instruments that deal with points inside the crypto business, notably market fragmentation. Over the previous 12 months, it has been reported that crypto markets are so divided that even when the 5 largest exchanges merge, the brand new entity will nonetheless management about 40% of the general buying and selling quantity.
“To deal with the liquidity divide, good order routing was the logical subsequent step within the evolution of Apifiny's platform. SOR has confirmed to be a key software in inventory buying and selling and permits hedging in opposition to fragmentation by analyzing the market and executing orders in the direction of consolidated costs. Whereas a number of main platforms are nonetheless in progress this 12 months, SOR is a big step ahead for institutional merchants and we're excited to have the ability to provide it via Epiphany. “
– Haohan Xu, CEO of Epiphany
By connecting to the highest 25 crypto exchanges via buying and selling quantity, Apifiny enhances community stability and reduces market disruption by offering optimum market-clearing pricing and prompt entry to liquidity for cryptocurrency buying and selling.