Finery Markets Teams Up with GSR to Bolster Institutional Liquidity

Finery Markets, an ICT solutions provider for institutional digital asset trading, has formed a strategic partnership with GSR, crypto's capital markets partner. The integration of GSR into Finery Markets' network is already live and was marked by the successful completion of the first trade.

Through this partnership, GSR will provide liquidity to payment providers, OTC desks, brokers, and other market participants connected to Finery Markets' network, which currently comprises 150 entities. This move comes as institutional trading activity shifts towards the over-the-counter (OTC) market, according to Finery Markets' Q1 report.

The OTC market saw significant growth in Q1, with a year-over-year increase of 43% outpacing both CEX and DEX markets. The partnership between Finery Markets and GSR aims to provide deep institutional liquidity on the platform, which is further enhanced by its stablecoin-optimized infrastructure.

GSR's addition to the Finery Markets ecosystem comes at a pivotal time, coinciding with growing demand for deep institutional liquidity on the platform. According to Konstantin Shulga, CEO and co-founder of Finery Markets, 'We are incredibly pleased to welcome GSR, one of the largest crypto market makers, to the Finery Markets ecosystem.'

GSR's Head of Systematic OTC Business, Aravind Srinivasan, stated that 'the global crypto market is entering a pivotal phase shaped by regulatory reform and shifting market expectations.' He emphasized the need for deep liquidity, transparent markets, and trusted partnerships in this new era.