Finery Markets Partners with Sage Capital to Boost Crypto Liquidity for Institutions

Finery Markets has announced a strategic partnership with Sage Capital Management to enhance liquidity access for institutional cryptocurrency traders.

The collaboration introduces new trading capabilities, further expanding Finery Markets’ role as a leading provider of electronic trading infrastructure, according to a report by Liquidity Finder.

As part of the agreement, Sage Capital will serve as a liquidity provider on the Finery Markets platform, utilizing the newly launched “quote streams” trading method via the FIX protocol.

Finery Markets Becomes First Crypto ECN to Offer RFQ, Order Book, and Quote Streams Trading

The advancement positions Finery Markets as the first cryptocurrency Electronic Communication Network (ECN) technology provider to support three distinct trading methods: Request for Quote (RFQ), order book, and quote streams.

The partnership will grant Finery Markets’ institutional clients access to Sage Capital’s liquidity pools, sourced from multiple venues, as well as its proprietary liquidity through the platform.

The move aims to improve price efficiency and execution reliability for institutional traders operating in the digital asset market.

“The industry is witnessing remarkable growth with the emergence of prime brokerage, institutional custody solutions, and advanced trading infrastructure,” Finery Markets CEO Konstantin Shulga commented.

“Through our partnership with Sage Capital, we significantly contribute to this evolution by providing unparalleled and superior institutional-grade liquidity solutions.”

2/ 🤝 Sage Capital, known for its deep liquidity pools, will now serve as a liquidity provider on Finery Markets using the advanced FIX protocol. This partnership introduces a unique trading method—quote streams. #CryptoTrading #LiquidityProvider

— Finery Markets (@finerymarkets) March 11, 2025

Sage Capital’s liquidity solutions will be available across all Finery Markets products, including FM Marketplace, FM Liquidity Match, and FM Whitelabel.

Founded in 2019, Finery Markets provides non-custodial ECN and trading SaaS solutions to institutional clients across 35 countries.

The company serves more than 150 digital asset firms, including brokers, hedge funds, OTC desks, and payment providers.

Sage Capital, active in digital assets since 2015, specializes in liquidity solutions with risk management and customizable support.

“With this we allow Finery clients to seamlessly access our premium crypto liquidity with extremely tight spreads and consistent pricing 24/7 to help support and run their chosen business models,” Nathan Sage, CEO and Founder of Sage Capital Management, said.

GSR Secures FCA Approval for Crypto Trading and Liquidity Services in the UK

Earlier this year, GSR, a major crypto trading and liquidity provider, obtained regulatory approval from the UK’s Financial Conduct Authority (FCA) to operate as a registered crypto asset business, enabling it to offer crypto trading services to clients in the UK.

Previously, Singapore’s Monetary Authority of Singapore granted GSR a major payment institution license, permitting over-the-counter trading and market-making services.

The market maker first received in-principal approval from MAS in September.

Founded in the United States in 2013, GSR facilitates OTC crypto trading, derivatives, market making, and venture capital investments.

It also holds money service business licenses across several states in the United States.