In a strategic move to enhance institutional access to digital assets, Hidden Road, a prime brokerage backed by Citadel Securities, has forged a new partnership with the renowned cryptocurrency exchange, Bitfinex.

The Partnership Highlights

The integration of Hidden Road with Bitfinex will expand the brokerage's institutional offerings, providing access to a wider range of digital assets and security tools.

This collaboration enables Bitfinex to support Hidden Road in expanding its services, including derivatives trading, spot trading, peer-to-peer financing, over-the-counter (OTC) trading, and margin trading.

Bitfinex, operated by iFinex, the company behind the world's largest stablecoin, Tether, is known for its cutting-edge trading features, deep liquidity, and a diverse range of trading pairs, all backed by a robust infrastructure and stringent security measures.

The Significance of the Partnership

This partnership comes shortly after Hidden Road's suspension of crypto services facilitated by the Bybit exchange, which was reportedly due to conflicts in Know Your Customer (KYC) verification procedures and Anti-Money Laundering (AML) processes.

By integrating with Bitfinex, Hidden Road aims to provide its clients with a seamless experience across products and asset classes, including digital assets, further enhancing access and choice for its counterparties.

About the Companies Involved

Hidden Road, founded in 2018, offers prime brokerage services across various asset classes, including foreign exchange, precious metals, and crypto. In April 2024, the company planned to raise $120 million, aiming for a $1 billion valuation.

Bitfinex, a cryptocurrency exchange operated by iFinex, is known for its robust infrastructure and stringent security measures, providing customers with cutting-edge trading features, deep liquidity, and a wide range of trading pairs.

This strategic partnership between Hidden Road and Bitfinex represents a significant step in expanding institutional exposure and access to the dynamic digital asset landscape, offering a streamlined and secure platform for institutional and professional investors to explore the diverse opportunities in the crypto market.