Omniex is a company that seeks to provide cryptocurrency traders with asset pools. Thus far, the enterprise already offers many of its services through some of the largest digital currency trading platforms in the world including Binance, Coinbase Pro and BitMEX. These services are mostly available to institutional players and allow exchanges to provide them with deals they otherwise could not access.
Institutional investors are often deemed primary ingredients when it comes to making the crypto industry stronger and more mainstream. However, very few seek entry given that cryptocurrencies tend to remain volatile.
In addition to being vulnerable to price swings, exchanges and other wallet platforms have often been the victims of hacks, and billions in digital funds have been swept away over the years via the hands of malicious actors.
As a result, many institutional investors have been reluctant to get involved with bitcoin and its altcoin cousins despite many of these assets showing great promise. CEO of Omniex Hu Liang says that going after institutional participation was a necessary challenge.
This is a good aid from SIX Group. It will boost the cryptocurrency industry and promote the popularity of Cryptos at large.