OKX and CoinRoutes expand partnership to offer institutional users comprehensive API trading services

On August 17, 2023, OKX, a leading global cryptocurrency exchange and Web3 technology company, and CoinRoutes, a leading provider of algorithmic trading strategies and execution management solutions, announced an expansion of their partnership to offer comprehensive API trading services to institutional users.

Institutional users can now trade via their OKX accounts directly through the CoinRoutes interface, which offers advanced trading algorithms, market data dashboards, and proprietary transaction cost analysis (TCA) tools to measure trading performance. CoinRoutes supports order types including automated spread trading and multi-product trading within a single order.

Lennix Lai, Chief Business Officer at OKX, said: “CoinRoutes is one of the largest crypto order execution management systems globally. Our integration with CoinRoutes enables institutional clients to optimize their trading strategies through OKX’s robust partner ecosystem. Furthermore, this collaboration expands our broker network while delivering enhanced products, services, and incentives to improve the overall trading experience.”

Dave Weisberger, CEO and Co-Founder of CoinRoutes, said: “We are excited to announce our integration with OKX, a leading global cryptocurrency exchange. This strategic alliance aligns perfectly with our mission to deliver the most comprehensive and high-performance digital asset trading solutions to clients worldwide. Leveraging OKX’s extensive liquidity and exceptional transparency, we will continue enhancing our clients’ trading strategies and execution efficiency. This partnership marks a significant step in expanding our global footprint and reinforces our commitment to providing innovative, efficient, and data-driven trading solutions.”

About OKX

OKX is a leading global cryptocurrency exchange and Web3 technology company. Trusted by over 50 million users worldwide, OKX is known for its fast and reliable cryptocurrency trading application.

OKX partners with Manchester City F.C., McLaren F1 Team, Olympic snowboarder Scotty James, and Formula 1 driver Daniel Ricciardo to enhance fan engagement through innovative interactive experiences. Additionally, OKX is a top-tier partner of the Tribeca Festival, supporting efforts to bring more creators into the Web3 space.

Beyond its exchange services, OKX has recently launched OKX Web3 Wallet, serving as a one-stop gateway for users to explore DeFi, NFTs, DEXs, GameFi, and other Web3 applications.

Committed to transparency and security, OKX regularly publishes proof-of-reserves reports on a monthly basis. For more information about OKX, please download the app or visit: okx.com

About CoinRoutes

CoinRoutes is a premier institutional-grade cryptocurrency execution management system (EMS). With CoinRoutes, you can achieve optimal trade execution across over 3,000 assets—including spot, perpetual, and futures—available on 65 major centralized exchanges (CEXs), decentralized exchanges (DEXs), and liquidity providers, all accessible via a single API or trading application.

You can use CEXs, DEXs, and LPs within a single order, enabling seamless trading between DeFi and CeFi. Our system allows instant counterparty selection and helps diversify counterparty risk. CoinRoutes’ patented distributed architecture ensures that clients retain full control over their digital wallets and private keys. Our advanced algorithms include automated spread trading and multi-product execution within one order, minimizing costs, reducing market impact, accelerating order completion, and mitigating slippage.

Additionally, our built-in Transaction Cost Analysis (TCA) helps evaluate your trading performance against five benchmarks, including our proprietary cost calculator. Founded in 2017 by former executives from Two Sigma, ITG, and Lava, CoinRoutes was built from the ground up to address the unique market structure of crypto assets.

For more information about CoinRoutes, please visit: coinroutes.com

Disclaimer

This announcement is for informational purposes only and does not constitute investment, tax, or legal advice, nor should it be construed as an offer to buy, sell, or hold any digital assets. Holding digital assets, including stablecoins, involves significant risks and high market volatility; you may lose your entire investment. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation and risk tolerance. OKX does not provide any investment or asset recommendations. You are solely responsible for your investment decisions, and OKX assumes no liability for any losses incurred. Past performance is not indicative of future results. If you have any questions regarding your specific circumstances, please consult your legal, tax, or investment advisor.