VICTORIA, Seychelles–(BUSINESS WIRE)–Cryptocurrency exchange KuCoin has entered into a partnership with Talos, the leading provider of institutional digital asset trading technology. The partnership will allow KuCoin to streamline institutional access to digital assets and further expand the capabilities of its user base. Additionally, KuCoin will open accounts for institutional Talos users to provide real-time liquidity.
Talos is the leading market player powering institutional access to digital assets by providing institutional-grade technology for digital asset markets. The company has an investor base that includes Fidelity, Citi, BNY Mellon, Wells Fargo and General Atlantic. Talos develops software specifically tailored to digital asset markets, with the security, scalability, reliability and user-friendliness of traditional institutional trading technology. Talos has grown its end-user base to over 20 million users since its launch in 2020 and has grown transaction volumes twenty-fold over the past year. With a 400% increase in its workforce in 2022 and plans to continue to scale, Talos recently announced its $105 million Series B funding round, valuing the company at $1.25 billion.
Talos co-founder and CEO Anton Katz commented on the partnership:“As the institutional adoption of digital assets accelerates globally, we are thrilled to partner with the great team at KuCoin to help propel this emerging asset class to institutional investors around the world. Our The long-term vision is that all markets will eventually trade on digital asset rails, and we’re excited to build for the future today.
Johnny Lyu, CEO of KuCoin, noted that with the development and growth of the crypto industry, more and more traditional financial institutions have started to enter the market. He added:
“In light of the growing participation of institutions in the cryptocurrency market, the KuCoin exchange is focused on supporting projects and companies that simplify their market entry and provide the technologies needed to streamline cryptocurrency operations. trading. As Talos develops software that improves market participants’ connectivity to liquidity destinations, trade execution tools, analytics and other services, the KuCoin exchange appreciates its latest partnership and is confident that the cooperation will benefit both parties and the market as a whole.
Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform focused on inclusivity and reach for community action, it offers over 700 digital assets. Currently, it offers spot trading, margin trading, fiat P2P trading, futures trading, staking and lending to its 20 million users in 207 countries and regions.
In 2022, KuCoin raised over $150 million in investments in a pre-Series B round, bringing total investments to $170 million with the combined A round, for a total valuation of $10 billion. of dollars. KuCoin is one of the top 5 crypto exchanges, according to CoinMarketCap. In 2021, Forbes named KuCoin one of the best crypto exchanges. In 2022, KuCoin won the Best Crypto App for Enthusiasts award from Ascent.
Talos powers digital asset trading strategies globally. Designed by a team with unparalleled experience in building institutional trading systems, the Talos platform is trusted by the largest and most sophisticated market players and their end customers for its performance, reliability and security. Its growing network of services – trading platform, loan market, data and analytics, and portfolio and settlement tools, all offered directly or through white-label service providers – enables clients of all types of complete end-to-end transactions without worry. for unnecessary intermediate risks or potential conflicts of interest. Talos has offices in New York, London, Sweden and Singapore. For more information, visit www.talos.com.