NDAX, a leading Canadian digital asset exchange, recently announced that their trading business was celebrating new milestones. NDAX Wealth, the companies re-branded crypto OTC trading desk, operates large liquidity pools for investors that are looking to do transactions that are $50,000 and up. In addition to individuals in Canada, NDAX works with institutional investors across the globe.
NDAX Wealth Growth
Canadian crypto exchange NDAX recently announced that the company hit a record of servicing $200 million in institutional trading. The crypto exchange’s over the counter trading desk is called NDAX Wealth. The trading desk is designed to help individuals and institutional investors with transactions north of $50,000.
Aside from offering deep liquidity pools, NDAX Wealth is able to execute high volume block trades for its clients. In an environment where crypto trading continues to grow in popularity, clients of NDAX Wealth value other components of the platform like enhanced security, zero price slippage, same day settlements and more. NDAX Wealth continues to serve a diverse set of institutional clients including:
- Hedge Funds
- Crypto mining companies
- Family offices
- Brokerages
- Merchants
- Investment Banks
- Day traders that manage high volumes
Bilal Hammoud, the CEO, President, & Founder of NDAX commented on the recent milestone stating that:
“NDAX believes that cryptocurrency and digital currency will play a major role in reshaping the future of our interconnected global economy. Institutional and professional traders (as per the Global Crypto Adoption Index ) have been the main adopters for 2020. NDAX works directly with these investors to arrange purchases and sales that are as unique as the needs of each client – executing transactions with minimal fees, deep liquidity, and the privacy and autonomy our clients expect.”
Institutional Investing
This year has arguably been the best year for crypto markets in terms of institutional adoption. Grayscale investments for example reported record growth in institutional assets in May of this year. With the global pandemic putting significant pressure on traditional market outlook, institutional investors have turned to digital asset markets for diversification. According to Huobi Exchange, institutional investors have also flocked to crypto due to high liquidity and price volatility.
NDAX Wealth continues to experience growth due to top tier features
Processing $200 million in institutional trading does not happen on accident. The team at NDAX continues to revolutionize the way investors facilitate same day, high volume crypto-fiat transactions. Some of the companies competitive advantages include:
- Large liquidity pools with a diverse range of assets
- Institutional grade security that offers segregated accounts
- Same day settlements
- Robust compliance protocols
NDAX Crypto Exchange
Aside from NDAX’s Wealth OTC desk, users on the NDAX exchange also benefit tremendously. In being one of Canada’s most lucrative trading platforms, users currently experience instant verification, free deposits, and 24/7 customer support. Investors have access to inter-market rates, and only encounter 0.2% trading fees.
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