FX post-trade infrastructure provider Cobalt has expanded into digital assets. The firm has noted that one of the sizeable changes in the market over the past few years is the rise of digital assets and how they are making their way into the forefront of currency trading.
Adrian Patten Chairman and Co-founder of Cobalt said, “Participants today can no longer ignore the position of digital assets in the market and those who do are in danger of missing out on sizeable trading opportunities due to the 24/7 nature of the market. Major exchanges have started to translate this to the FX market, with some offering trading over the weekends. 24/7 operability has always been a priority to Cobalt. As digital assets continue their rise and influence over the FX market, participants are going to need to adapt to new ways of doing business.”