In a recent announcement on Oct. 30, institutional market maker Flow Traders has teamed up with Wormhole, an interoperability protocol, to enhance cross-chain liquidity and performance. Flow Traders will acquire a stake in Wormhole's native token and commit to facilitating multichain swaps as part of Wormhole's network of cross-chain liquidity providers. Michael Lie, Flow Traders' global head of digital assets, emphasized the need to simplify and unify multi-blockchain ecosystems for better interoperability. Wormhole's Solvers compete in real-time to fulfill cross-chain transfer requests, including complex multi-step trades in a single transaction. The investment size by Flow Traders in Wormhole remains undisclosed. This collaboration is part of a broader trend of blockchain infrastructure providers entering institutional cryptocurrency markets, with examples like Securitize and Chainlink also making significant moves in the industry. Flow Traders has become a key market maker for cryptocurrency ETFs, trading around $500 million in crypto assets in the second quarter of 2024. Read more AI-generated news on: https://app.chaingpt.org/news