Latvian embedded cryptocurrency trading platform Primex goes live
Embedded cryptocurrency trading platform Primex has gone live with MiCA-compliant products to help “optimise business processes, reduce costs and provide a competitive edge” for its clients.
Embedded crypto trading platform Primex goes live
Co-founded by serial entrepreneurs Demet Zubeyiroglu and A. Mustafa Baltaci and operating globally, but run through a central technology hub located in Riga, Latvia, the platform has debuted this month with three main product lines aimed at banks, brokers and other financial institutions.
The first of these concerns its Trading-as-a-Service product, which acts as a form of add-on infrastructure for digital asset trading supporting Rest API and WebSocket API integrations.
With these integrations, Primex promises that the product can overcome the need for order book management, arbitrage monitoring and treasury management, and that it’s also able to adhere to various compliance complexities.
Its second product line features a full-stack white label exchange solution. Acting as an order matching engine, the product features various order and trade functions, including an interactive order book, market making robot and log registry, among others.
Primex claims that the white label solution can process up to 25,000 requests per second and that it can handle a unlimited number of assets for listing.
Its final product includes a trading liquidity service which, complete with a pricing robot able to execute cryptocurrency market making strategies, seeks to enable users to trade digital assets at a consistent price and within a specific market.
