The region is known for hosting the world’s major cryptocurrency trading hubs, making it particularly attractive for crypto hedge funds, prop shops and liquidity providers
San Jose, California, United States – 10 February 2021 – Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, continues to enhance global trading speeds, through the deployment of a new point-of-presence (PoP) in San Jose, California. The new PoP is located in Equinix SV1, San Jose data center and Avelacom has also set up AWS Direct Connect aimed at providing direct access to AWS-based crypto trading platforms, pricing feeds and other critical trading applications via private network rather than over public internet. Crypto market participants will gain enhanced speeds (improvements up to 20-30ms round-trip latency) and guaranteed resiliency for infrastructure and data.
With this new point-of-presence Avelacom has created a high-speed and protected global environment that connects major crypto exchanges across multiple geographies: America (Gemini, CME, ICE’s Bakkt, Coinbase, Kraken, Bittrex), Europe (BitMEX, Deribit, LMAX, Bequant, Bitstamp, Bitfinex) and Asia (Binance, Huobi, FTX, OKEx, Bybit). The number of institutional investors involved in cryptocurrency trading has been growing, and they demand millisecond accuracy and guaranteed 99.9% network uptime to achieve the best trading performance.
100% of Avelacom’s clients that trade cryptocurrencies need access to multiple exchanges (2-15) using low latency connectivity services. During 2020 Avelacom’s client base has increased almost threefold, driven in part by a large uptick in cryptocurrency traders looking for a robust and reliable low latency environment for the execution of arbitrage opportunities arising from market inefficiency and volatility.
Aleksey Larichev, CEO of Avelacom said: “All of our cryptocurrency clients previously relied on public internet. They come to Avelacom because we were one of the first tech companies, in 2018, to work out institutional-grade solutions for accessing crypto markets. We offered both Direct Market Access (DMA) services and low latency connectivity to public clouds to ensure that clients’ infrastructure is physically closest to crypto exchanges’ matching engines. As the cryptocurrency market develops and gets more mature and competitive, we will see new infrastructure projects in 2021. We therefore expect to see a greater number of hedge funds and trading firms that will opt for private and resilient network solutions such as those provided by Avelacom, to support their trading strategies.”