Grasshopper, Singapore’s leading proprietary trading firm and liquidity provider, has launched Tilde – an over-the-counter (OTC) trading service that aims to provide high standards of efficiency and execution in cryptocurrency markets to institutions, family officers and high net worth individuals.
Leveraging Grasshopper’s algorithmic capabilities and strong relationships with both exchanges and trading partners, Tilde provides greater liquidity, efficiency and transparency to trading in crypto markets. Tilde also brings market-leading risk management with risk protocols in place at every step of the trade process, and includes stringent KYC/onboarding processes, cold storage, multi-factor authentication and cloud servers to ensure execution and asset integrity.
Founded in Singapore, Grasshopper is a leading market-maker and liquidity provider in global derivatives markets, transacting over US$500 billion in notional value of trades each month. With over a decade’s track-record of profitable derivatives trading, Grasshopper has grown to a team of over 60 people. It has a long-standing commitment to investing in industry-leading, scalable, proprietary technology and is at the forefront of developments in electronic trading.
“As the trading of cryptocurrency shifts from the fringes to the mainstream, and the supporting infrastructure follows suit, we aim to bring our integrity, technology and trading experience to these markets and offer outstanding execution for our clients,” said John Lin, founder and Chief Executive Officer, Grasshopper and Tilde. “As an Asian platform, Tilde has the capabilities suited to the burgeoning Asia cryptocurrency market. Coupled with Grasshopper’s technology, experience and old-school trading ethos, we’re uniquely positioned to help our clients invest in the future.”