SINGAPORE and JERSEY CITY, NJ, 27 October 2026 -
Caladan
, a global proprietary trading group and digital asset liquidity provider, today announced a collaboration with
Spotex, an
electronic trading venue for foreign exchange, precious metals and digital assets, to expand
access to institutional cryptocurrency liquidity.
Through the collaboration, Caladan will provide digital asset liquidity to Spotex's institutional
trading network, connecting its global crypto trading capabilities with Spotex's client base of
banks, brokers, hedge funds and asset managers. The integration will provide institutional
market participants with additional sources of competitive digital asset pricing and execution
through Spotex's sophisticated trading venue.
Caladan provides liquidity across more than 110 spot, swap and CFD markets, supported by
automated digital asset settlement, 24/5 fiat settlement, streamlined onboarding and post-trade
workflows. Its infrastructure supports million-dollar trade sizes across major markets, enabling
institutional counterparties to execute large transactions efficiently.
This development builds on Spotex's established presence in institutional electronic trading and
continued expansion into digital assets. Founded in 2010, Spotex has built its business around
institutional electronic trading in foreign exchange and has expanded its infrastructure into
digital assets. By integrating Caladan's capabilities, Spotex will further strengthen its deep
liquidity pools, complementing the venue's advanced low-latency execution and comprehensive
market analytics available to clients.
"Institutional participation in digital assets increasingly depends on bringing together deep
crypto-native liquidity with the execution standards and infrastructure that firms already expect
from traditional markets," said Julia Zhou, President and Co-Founder, Caladan. "Spotex has
spent years building institutional electronic trading infrastructure in FX, and its expansion into
digital assets creates a natural connection between those two markets. By providing liquidity
through Spotex, we can make Caladan's pricing and execution capabilities accessible to a
broader base of institutional counterparties."
"As we expand Spotex's digital asset marketplace, the quality and depth of the liquidity available
to our clients is critical," said John Miesner, CEO, Spotex. "Caladan brings significant
experience in digital asset markets and strengthens the institutional liquidity available through
our platform. This collaboration supports our objective of giving brokers, hedge funds and asset
managers access to high-quality digital asset execution through the same institutional
infrastructure and workflows they expect in FX."
"We continue to grow our network by partnering with leading institutional firms in the digital
asset industry," said Joe Tuccio, Head of Digital Assets, Spotex. "Adding Caladan to the Spotex
network deepens our global liquidity offering and provides greater choice to clients across a
broad range of digital assets."
The Spotex collaboration reflects growing institutional demand for digital asset trading solutions
that combine crypto-native market depth with established execution, connectivity, custody and
settlement infrastructure. As the digital asset market continues to evolve, Caladan and Spotex
will leverage their complementary capabilities to support the needs of institutions entering the
space and expanding their digital asset activities.
About Caladan
Caladan is a global proprietary trading group and digital asset liquidity provider. Founded in
2017, the firm operates across more than 65 exchanges and trading venues worldwide,
providing on-exchange market-making, OTC trading, API liquidity, and investment services to
institutional market participants globally.
About Spotex
Spotex is a trusted institutional venue for FX, precious metals and digital assets, processing
billions in daily volume. Founded in 2010, the company provides banks, brokers, hedge funds
and asset managers with fast and reliable access to deep liquidity pools, advanced execution
algorithms, business management modules and comprehensive market analytics. Spotex has a
strong track record in innovation, including the development of proprietary performance-based
matching logic and a continuous 24/7 cycle that removes the need for traditional end-of-day
platform restarts. For further information, visit
www.spotex.com.
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