PANews reported on August 14 that according to The Block, digital asset trading company STS Digital acquired Swiss cryptocurrency market maker flovtec to expand its market making capabilities and enhance liquidity solutions. The press release stated that STS Digital, which specializes in over-the-counter trading and market making, believes that the strategic acquisition of flovtec will "significantly accelerate its market making services" because "it will provide deeper liquidity for flovtec's existing customers." sex and smaller price spreadsâ. Possible enhanced services include regulated custody, customized liquidity solutions and trading strategies. The acquired company's trading infrastructure and proprietary algorithms will be integrated into STS Digital's existing platform. STS claims this will "facilitate the development of new innovative trading products and services". In addition, flovtec being regulated in Switzerland may help STS Digital expand in the European market.
