Australia’s Blockbid Adds Bitspread As Liquidity Provider

Blockbid, an Australian cryptocurrency trading platform, has declared its collaboration with a quantitative asset fund BitSpread, which is used for blockchain fund. Henceforth, BitSpread will be Blockbid’s liquidity provider.

BitSpread is a firm and effective liquidity provider that operates with crypto exchanges as a reliable conduit between the exchange and the trader. Additionally, the company is known for offering select outlay stratagems which are instrumental in producing alpha and beta earnings from blockchain assets.

As a liquidity provider, BitSpread is also tasked with vetting traders and exchange providers alike. This is vital in ascertaining the credibility of any entity that is brought on board, whether as a trader or a cryptocurrency exchange.

As a result of the partnership, the company now joins Blockbid in its vision to foster and propagate a safe trading platform which can be reliable for both investors and traders. The partnership also enables Blockbid to offer a superior level of liquescence. This is appropriate for all stakeholders since not only does it drive down the spread, but it also lowers the cost of trading.

Additionally, the advisory role provided by BitSpread offers both liquidity as well as proper risk management to Blockbid. David Sapper, Blockbid’s COO asserts that BitSpread’s wealth of experience goes a long way in adding another layer of experience to the company’s profile.

As a result, Blockbid is better placed to stick to their fundamental messaging of trading with assurance. This helps in positioning the company as a prominent cryptocurrency exchange.

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