Scope Prime powers its institutional cryptocurrency CFD services by integrating with the Digital Asset Prime Brokerage Network. This is intended to allow the company to aggregate liquidity from major crypto exchanges, ECNs, and market makers, and give customers access to a more detailed order book and tighter pricing.
According to the company, crypto CFD traders have long faced market fragmentation and inconsistent pricing, but Scope Prime aims to change that by providing a unified, institutional-level liquidity solution.
Extending Institutional Liquidity for Crypto CFDs
Scope Prime’s integration with Prime Brokerage Network in digital assets will reportedly merge liquidity from top cryptocurrency platforms and electronic communications networks (ECNs) with market makers. The company said this multi-tier aggregation technology provides customers with over 10 levels of market depth, creating order book scale and execution quality that has traditionally been limited to top-tier financial institutions.
“The crypto CFD market is notoriously fragmented, so by combining our multi-layered aggregation with Prime Brokerage connectivity, we bring unprecedented pricing and execution to our clients,” commented Daniel Laurence, CEO of Scope Prime.
Daniel Laurence, Source: LinkedIn
“This is about giving all of our customers access to the kind of pricing typically reserved for prime broker relationships and setting new standards in consistency, transparency and competitiveness.”
This infrastructure will reportedly support commissions and spreads from the ground up, significantly reducing trading costs for customers. Access to a robust liquidity pool allows brokers and professional traders to execute large orders without affecting prices, a key advantage in volatile crypto markets.
Flexible connectivity options to improve trading performance
Scope Prime customers can link to their liquidity in a variety of ways, depending on their technical preferences and trading needs. You can connect through your preferred bridge provider to ensure integration within your existing platform or enjoy direct access through a low-latency API feed.
Daniel Lawrance, CEO of Scope Prime, highlights the company’s commitment to raising standards across all asset classes. “We address the fragmentation of the crypto CFD space through multiple layers of aggregation and prime brokerage linking, providing clients with pricing and execution typically reserved for prime brokerage relationships,” he said. Laurence highlights how this approach establishes new standards for consistency, transparency, and competitive pricing for cryptocurrency CFDs.
Scope Prime’s enhanced infrastructure provides brokers and funds with institutional-grade tools to effectively compete in the cryptocurrency CFD market. The platform offers tight spreads and a deep order book to reduce slippage and improve the quality of trade execution. This change can help companies maintain tighter risk controls and enhance services for their customers, bridging the gap between traditional financial markets and the rapidly evolving crypto sector.
