Algorand has appointed XBTO as a strategic market maker to boost liquidity for ALGO trading. XBTO will provide continuous buy and sell orders on Tier-1 and Tier-2 exchanges, reducing volatility. Additionally, XBTO will leverage Algorand's blockchain to facilitate efficient USDC transfers for treasury and rebalancing operations. This partnership aims to improve interoperability of DeFi assets and support the growing institutional adoption of digital assets.
Algorand, a leading blockchain platform, has announced a strategic partnership with XBTO, a global institutional digital asset manager, to boost liquidity for ALGO trading and facilitate efficient USDC transfers. The collaboration aims to improve the interoperability of DeFi assets and support the growing institutional adoption of digital assets.
XBTO will act as a market maker for ALGO across Tier-1 and Tier-2 exchanges, providing continuous buy and sell orders. This move is designed to reduce volatility and ensure smoother trading conditions, a critical factor for institutional investors. The partnership will also leverage Algorand's high-speed, low-cost blockchain to move USDC seamlessly between custody wallets and exchanges for treasury operations and rebalancing [1].
The partnership is part of Algorand's long-term strategy to build robust market infrastructure and cater to the evolving needs of institutional investors. By enhancing liquidity and stablecoin transfers, Algorand positions itself as a reliable and efficient hub within the broader digital asset ecosystem.
XBTO, with its extensive experience in digital asset markets and a strong focus on Bitcoin, brings financial discipline and digital-native insight to Algorand's ecosystem. The partnership highlights the growing demand for reliable infrastructure in tokenized asset markets and underscores Algorand's commitment to institutional-grade certainty and resilience.
References:
[1] https://algorand.co/news/algorand-announces-new-market-maker-partnership-with-xbto
[2] https://blockonomi.com/xbto-taps-algorand-to-push-algo-liquidity-across-tier-1-crypto-exchanges/
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