• “We believe we are at the beginning of a bull market and at the start of significant market growth,” new president and CFO Erez Simha said
  • Apifiny was recently granted a US FINRA broker-dealer license, joining other crypto-based trading companies like Coinbase, Gemini and Circle

Volatility is nothing new to the digital asset space, however the recent crypto market sell-off left investors questioning whether we are at the beginning or the end of a bull run.

Like so many other companies in the industry, Apifiny, a global digital asset trading and mining network, is preparing for both futures by looking at long-term plays, according to its new president and chief financial officer Erez Simha.

Simha is tasked with expediting the company’s global growth and leading the company toward a public offering by the end of 2021. “We believe we are at the beginning of a bull market and at the start of significant market growth driven by an increasing number of institutional and professional traders looking to diversify their portfolio and gain access to the digital assets trading world,” he said.

From November 2020 to April 2021, Apifiny saw approximately a seven times increase in its monthly trading volume, reaching nearly $1.4 billion on its ExOne Plus market making solution alone.

On April 29, US Financial Industry Regulatory Authority granted Apifiny a broker-dealer license. The company joins other crypto-based companies like Coinbase, Gemini and Circle in securing the license.

The license is key because Simha believes that crypto and fintech regulation is on its way, which will take the current uncertainty existing today in the market off the table and allow more traders to join this market.  

Similar to other companies expanding products and services in the space, Apifiny is expanding offerings on its two existing products. Simha said that the company plans to launch a few more products in the near future, including in the trading and mining space. 

“We’re moving toward owning the entire value chain from digital asset trading and mining to market making,” Simha said. 

“Right now, crypto traders need more access to global liquidity and better prices due to highly fragmented trading markets,” Simha said.

Connected partners include 10 new exchanges over the past three months, such as Crypto.com, Huobi Global, OKEx, Kucoin, AscendEX, HBTC and Blockchain.com’s Exchange among others.

  • Jacquelyn Melinek is a Houston-based reporter covering digital asset funds and markets. She previously reported on energy markets for S&P Global Platts and Bloomberg News and is published in over 65 news outlets. She graduated from the University of North Carolina at Chapel Hill with a degree in Media and Journalism.