Crypto Trading Solutions Provider STS Digital Acquires Swiss Market Maker flovtec

IconCryptoNewsTerminal Staff14 Aug, 2024

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Crypto Trading Solutions Provider STS Digital Acquires Swiss Market Maker flovtec

STS Digital, a provider of crypto trading solutions, has acquired Swiss crypto market maker flovtec to enhance its liquidity solutions, according to The Block. The financial details of the deal remain undisclosed. "With this acquisition, we will be able to offer flovtec's existing clients even deeper liquidity and tighter spreads," said STS Digital. flovtec's trading infrastructure and proprietary algorithms will be integrated with STS Digital's existing platform. This move is expected to further strengthen STS Digital's position in the crypto trading space.