Crypto trading platform Caspian signs up merchant bank Galaxy Digital

Collaboration aimed at increasing crypto trading participation by institutional asset managers.

Crypto trading platform Caspian has announced a partnership with the merchant bank established by Wall Street veteran, Michael Novogratz.

Galaxy Digital, which also counts former Goldman Sachs executive Richard Kim as its chief operating officer, will become one of the initial users of Caspian’s full-stack crypto trading, and portfolio and risk management platform.

The platform was designed to meet institutional asset manager requirements to execute trades and maintain target allocations across multiple exchanges, and is currently live across 20 crypto exchanges, with a further 20 expected to be added by the end of Q3 this year, according to Caspian.

“We believe institutional investors will drive exponential growth in the cryptocurrency market.  We are excited to partner with a firm like Caspian and look forward to working with them to further evolve and enhance the platform,” said Novogratz.

The merchant bank will also work with Caspian as a technology consultant for the future development of the platform.