VRM Partners with Cactus Custody to Launch BlackOcean and FLy Token
2 min readVRM and its Black Ocean platform reached the strategic custodial partnership with Matrixport’s Cactus Custody.
Cactus Custody, the institutional custody brandname of Matrixport is pleased to announce the support of VRM’s official token – FLy. VRM is a high-frequency digital currency trading firm in the EU. VRM’s average daily trading volume in 2020 was US$2.7 billion, and its highest single day trading volume peaked at US$10.8 billion.
VRM aims to provide liquidity pool and dark pool services for institutional users and market makers via its liquidity business platform – Black Ocean, and the platform will be officially launched in Q1 2021. Black Ocean has issued its own official token – Fly, which is supported by Cactus Custody and Black Ocean will gradually provide more mainstream digital currencies trading pairs to provide institutional users with a reliable and superior trading experience. VRM has reached strategic partnership with StillWater Research and successfully completed first round fundraising with LD Capital; and now adds Cactus Custody as Black Ocean’s latest eco-system partner.
Hong Kong based Cactus Custody is a qualified digital asset custodian that offers highly secure, transparent and efficient enterprise-grade custodian services for more than 60 institutional clients and USD 1 billion worth of digital assets. With its support to Black Ocean and its native token FLy, the partnership between VRM and Cactus Custody will help Black Ocean to further expand its footprint globally and among institutional user base.
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