Add as a preferred source on GoogleCrypto.com Exchange and OG.com Plan Institutional Access Through River Markets
The preliminary agreement would connect eligible U.S. clients to digital-asset spot-market liquidity and regulated event contracts.
Crypto.com Exchange and OG.com signed a preliminary agreement with River Markets to give eligible U.S. institutional traders access to Crypto.com Exchange’s digital-asset spot-market liquidity and regulated prediction markets.
The Oct. 20 memorandum of understanding would make that access available through River Markets’ brokerage platform. Its clients include hedge funds and quantitative trading desks. The platform offers trade execution, risk management and portfolio tracking tools and has routed more than 150 million contracts.
The event contracts would come from OG.com. Its markets cover economics, finance, sports, politics and culture. OG.com Markets operates as a regulated Designated Contract Market and Derivatives Clearing Organization.
OG.com spun off from Crypto.com in September. It also has a multiyear agreement with Robinhood to provide prediction market exchange and clearing infrastructure.
The companies plan to make the River Markets access available to eligible U.S. institutional traders soon.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.