The world of digital assets is emerging as a major force in the financial world. While sophisticated trading platforms for cryptocurrency become increasingly more available each year, finding a robust and reliable digital asset trading platform can pose a challenge. This is especially true for institutional participants, who often require robust liquidity, enhanced security, and other advanced capabilities.
As new trading avenues continue to emerge, it may be difficult for firms to navigate choosing which partner or platform will be most beneficial to their digital assets operations. Institutional participants want a platform that offers the latest features and services… but where to start?
Why Crypto Trading Platform Reliability Matters
When searching for a digital assets trading platform, a primary factor should always be reliability. There are many options for digital asset trading platforms, but it’s critical to choose one that provides seamless and efficient service.
When managing institutional accounts, this is even more critical. Reliable sometimes is simply not acceptable. Trading digital assets involves substantial risk, and is not suitable for everyone, however, at a minimum, you should have access to a trading platform with proper services, features, and security measures in place to best serve your business.
Robust Liquidity is Key in Digital Asset Trading
A good digital asset trading platform should be able to provide enough liquidity to execute large volume trades.
For institutional traders, you especially don’t want to get left without ample liquidity. Your strategy shouldn’t rely on the depth of any isolated order book. An ideal trading platform has a robust network of liquidity partners, 24/7 access regardless of volume, and deep internal liquidity on a wide-enough variety of assets so that you can execute your trading strategy without compromising.
Unforeseen Delays Can Hurt Your Bottom Line
The financial industry has come a long way from executing a trade by calling your stockbroker. The outdated, manual process often included being subjected to hours or even days of price swings before your trade finally went through. In today’s world of digital asset trading, there’s no excuse for inefficient trade executions — even when you want the advantages that OTC trading offers.
You shouldn’t have to rely on a personal representative to process trades in today’s digital landscape—while you’re waiting, the market is changing. A reliable modern platform should enable agile trading.
Privacy and Security Aren’t Worth Compromising On
Reliability is just as important when considering privacy and security. One breach is all it takes to suffer major loss. When utilizing a digital assets trading platform, securing your digital assets is of the utmost importance.
Institutions value privacy and security regarding their digital assets. There’s nothing to be gained from anyone being able to sift through your financial transactions… and potentially a lot to lose. A good crypto trading platform will be able to execute trades using internal liquidity to avoid disclosing trade information.
Reliable Digital Assets Trading Platforms: 3 Tips for Finding the Best
How does one find a reliable digital asset trading platform? Depending on what is most important to your trading strategy, there are a few guidelines you can follow to find your ideal platform.
Don’t Compromise on Features
There are a plethora of trading platforms available to institutional investors.
A crypto trading platform should have all the tools you need to succeed —sophisticated traders require features such as on-chain data and analytics, advanced trading capabilities, etc. These features are designed to help the sophisticated trader tackle cryptocurrency trading, and a less than full feature platform is never “good enough”.
Look for Solid and Stable Liquidity
If a platform doesn’t have the consistent liquidity you need to make the kinds of trades you want, then it’s not reliable. Processing large trades smoothly requires a large infrastructure and you want to find a platform that has tried and tested liquidity in the digital assets you have in your portfolio.
Institutional investors do not want to request a trade to find there isn’t sufficient liquidity to confirm the desired trade. This wastes time and can warp your strategic considerations into “how much can we trade?” when it should be about what and when you want to trade.
Find the Trading Experience You Want
Arguably the most important consideration when choosing a digital assets trading platform — find a platform with a thoughtfully created user experience. A trading strategy is a long-term commitment, and a trading platform that is neither seamless nor efficient can make execution difficult.
The ideal cryptocurrency trading platform should be easy to use while offering a wide array of features and customization. You should be able to tailor the platform to your needs and seamlessly integrate into your systems without having to change existing systems to accommodate it.
Introducing Phoenix Crypto Trading Platform from BlockFills
Phoenix, the industry-leading, front-end crypto trading platform, is a powerful tool for institutional investors to develop and optimize their portfolio. Whether you are making large trades in size, or simply fortifying your balance sheet, Phoenix has the abilities you need to excel in digital asset trading.
Phoenix offers the latest tools for agile trading and insightful analytics, while still providing the deep liquidity pool and privacy that make an OTC trading platform appealing. Phoenix is powered by by BlockFills, a team of experienced veterans from both the crypto and tradFi worlds.
You don’t have to sacrifice features to get a reliable experience with Phoenix — get the best of 24/7 trading in a user-friendly interface while still having access to helpful industry experts and a discreet and deep pool of internal liquidity.