The Financial Conduct Authority (FCA) has registered the
Switzerland-based market-making liquidity provider Portofino Technologies,
enabling the company to serve institutional crypto clients in the UK.
According to the press release, this step allows the
firm to engage with major banks, trading platforms, brokers, and institutional
investors. Additionally, the certification allows the firm to provide over-the-counter trading services in the UK and Switzerland.
Alex Casimo, the Co-Founder and Chief Operating
Officer at Portofino Technologies, mentioned: “Receiving the FCA’s
approval to operate as a crypto asset trading firm in the UK is a significant
milestone for Portofino Technologies, which will allow us to expand our
institutional client base.”
“After having successfully built our product
for on-exchange trading, Portofino sees the growth of its client franchise as a
significant profit driver for the company in the coming years.”
Expect ongoing updates as this story evolves.
The Financial Conduct Authority (FCA) has registered the
Switzerland-based market-making liquidity provider Portofino Technologies,
enabling the company to serve institutional crypto clients in the UK.
According to the press release, this step allows the
firm to engage with major banks, trading platforms, brokers, and institutional
investors. Additionally, the certification allows the firm to provide over-the-counter trading services in the UK and Switzerland.
Alex Casimo, the Co-Founder and Chief Operating
Officer at Portofino Technologies, mentioned: “Receiving the FCA’s
approval to operate as a crypto asset trading firm in the UK is a significant
milestone for Portofino Technologies, which will allow us to expand our
institutional client base.”
“After having successfully built our product
for on-exchange trading, Portofino sees the growth of its client franchise as a
significant profit driver for the company in the coming years.”
Expect ongoing updates as this story evolves.