XTRD Takes Avelacom for High-Speed Crypto Networks

Crypto trading tech provider XTRD has announced it will use Avelacom’s connectivity and IT infrastructure to bridge access to global crypto exchanges across Asia, Europe and the US.

The technology is designed to provide low-latency market data, order routing services, and cloud-to-cloud connectivity.

Serg Gulko, CTO and founder of XTRD, explains many crypto trading platforms largely depend on cloud technology and that having physical hardware infrastructure and points of presence (PoPs) in data centers were key deciders in solidifying the deal. As part of the partnership, Avelacom agreed to set up PoPs in locations such as Dublin and Seoul and will offer internet access to the Equinix’s NY4 datacenter in New York.

“We prefer to use the real infrastructure, the real hardware instead of cloud-based stuff and we rely on Avelacom [for that},” says Gulko. He adds that Avelacom’s pricing structure allows the firm to reach locations across Asia and Europe.

Avelacom’s private network is designed to enable the XTRD platform to aggregate liquidity faster and allow clients such as banks, hedge funds, and global institutional traders to gain faster access to the crypto markets. The technology enables improved connectivity across Asian cryptocurrency exchanges such as Binance, BitMEX, Bittrex, Huobi, and OKEx.

Alina Karpichenko, global head of marketing at Avelacom explains that talks began a number of months ago and the project officially launched in July.  She says that providing institutional grade infrastructure for digital projects can often take longer to finalize, as the crypto space is still in the early days of development and is subject to greater challenges than the traditional markets. 

“It is still immature and we are still having some challenges and some barriers because many exchanges are located in the cloud, so it makes it difficult to provide ultra-low-latency solutions,” adds Karpichenko.

Going forward, XTRD is expected to extend connections to several other PoPs in London, Hong Kong and elsewhere in Europe. Additionally, the crypto firm is currently in talks to distribute its market data to professional clients on Avelacom’s network.