Mercury Digital Assets to power crypto derivatives trading by Enigma Securities


CHICAGO–(BUSINESS WIRE)–Mercury Digital Assets (“Mercury”), a technology provider for digital asset markets, today announced that it is providing a platform solution to Enigma Securities (“Enigma”) for trading cryptographic derivatives. The custom platform launches with options and futures products at CME Group, before expanding to global crypto derivatives exchanges.

Mercury’s platform and development capabilities will enhance Enigma’s existing crypto derivatives trading services and create a professional-grade integrated solution with institutional tools. These features will support and enable Enigma customers to seamlessly access derivatives alongside point crypto products and other services.

“The Mercury and Enigma teams share deep experience in traditional capital markets, and this similar understanding provides us with a better combined understanding to apply in this emerging asset class,” said Mercury founder Tony Saliba. “Our views on the crypto derivatives space align – these global markets need more sophisticated institutional trading technology and standards.”

Within a complex market structure characterized by fragmented liquidity pools, crypto derivatives trading has hit record highs. In December 2020, an all-time high of $1.43 trillion in crypto derivatives traded globally, in part due to growing institutional participation in the market.

“Challenges in the growing crypto derivatives space equate to trading opportunities for those who can remain nimble and adapt to ever-changing conditions and volatility,” said Wilfred Daye, CEO of Enigma Securities. “The need for more advanced products and solutions to facilitate growth and take advantage of these opportunities is increasing. By partnering with Mercury and leveraging their pre-existing infrastructure and connectivities, we are well positioned to serve our customers. »

In addition to being able to trade in multiple exchange order books on behalf of its clients, Enigma will be able to access and provide off-screen liquidity in Mercury’s RFQ network for trading large blocks of options, futures and trades. perpetual exchanges.

For more information, please contact Mercury here.

About Mercury Digital Assets

Developed by the same team that created today’s state-of-the-art, application-based liquidity networks used in the listed equity options market, Mercury Digital Assets provides secure, reliable and efficient access to digital assets with solutions for OTC desks, exchanges, professional trading groups, custodians and asset managers. For more information about Mercury Digital Assets, visit:

About Enigma Securities

Enigma Securities is a leading, regulated, technology-driven financial institution dedicated to enterprise client solutions for crypto-assets. Based in London, the company works with institutional and corporate clients to provide a full suite of crypto services and bespoke liquidity solutions through its proprietary electronic trading platform and API access.

In response to growing institutional demand for trusted digital asset exchanges, co-founders Michael Halimi and Avi Bouhadana established Enigma in 2017 as the crypto arm of international brokerage firm Makor Group. Wilfred Daye is the CEO of Enigma Securities. Enigma is one of the first regulated brokerage firms to implement relationship banking and custody solutions that meet institutional standards.

Since its launch, the company has expanded its capabilities by targeting comprehensive institutional offerings and operating under a client-centric agency business model. Enigma bridges the gap between traditional financial services and cryptocurrency markets with fintech innovations. For more information on Enigma Securities, visit:


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