Finance
What one ought to know, if one cares to keep up with the times:
- Dark pools, those clandestine affairs of TradFi, where large block trades are conducted with all the discretion of a whispered secret, are now making their grand entrance into the crypto sphere. How very fashionable! 🕶️
- GoDark, the newest darling of the crypto world, promises spot cryptocurrency trading at its launch, with ambitions to expand into perpetual futures, conventional futures, options, and other such instruments. Quite the accomplished debutante, is it not? 💃
- GoQuant, the mastermind behind this crypto dark pool, also presents GoCredit, a borrow/lend platform with a centralized matching interface, designed for the discerning banks and hedge funds. How very convenient for those of means! 🤑
GoDark, an institutional dark pool purpose-built for digital assets and backed by such luminaries as Copper and GSR, is unveiling a service that allows one to execute large orders without the slightest hint of a blush in the market. How very discreet! 🤫
Alongside GSR and Copper, this endeavor boasts the support of such notables as FRNT Financial (FRNT), Stillman Digital (owned by DeFi Technologies Inc. (DEFT)), Fasanara Capital, Capital Union Bank, Tyr Capital, Hercle, Valos, and Trillion Digital. Quite the assembly of worthies, would you not agree? 🎩
It is said that over half of U.S. equities trading volume is conducted in dark pools, for the simple reason that large institutions prefer not to reveal their hand and send the market into a tizzy. Dark pools, it seems, are the perfect solution, balancing the liquidity of centralized exchanges (CEX) with the privacy of over-the-counter (OTC) transactions. How very ingenious! 🧐
According to Denis Dariotis, founder and CEO of GoQuant, the current crypto infrastructure is but a shadow of what exists in TradFi. “There is no real institutional dark pool in crypto,” he declares. “There are DEX’s, centralized exchanges, and OTC desks, but no platform where one can trade off-chain while enjoying the benefits of the actual underlying spot asset.” How very lamentable! 😢
The advantage of a CEX, with its full transparency, is its abundant liquidity, though it risks moving the market. An OTC desk, on the other hand, is opaque but suffers from limited liquidity, resulting in marked-up spreads and high fees. Dark pools, it seems, offer the best of both worlds. How very convenient! 🌍
Applying the dark pool concept to crypto is particularly relevant, given the high volatility of digital assets and the scattered nature of liquidity across various trading venues, Dariotis adds. How very astute! 🧠
GoQuant began as a market data provider for mid-to-high frequency crypto native funds. From there, Dariotis and his team developed an end-to-end trading system, prioritizing market data and trade execution with a focus on latency. How very efficient! ⚡
In addition to GoDark, Dariotis has introduced GoCredit, a borrow/lend platform with a centralized matching interface, tailored for banks, TradFi hedge funds, and similar establishments. How very inclusive! 🤝
GoDark will offer spot cryptocurrency trading at launch, with plans to expand into perpetual futures, conventional futures, options, and other instruments. How very ambitious! 🚀
The service promises ultra-low-latency matching, non-custodial settlement, and execution protections, including minimum fill sizes and the option to require orders to match the best price available on various “lit” venues. How very reassuring! 🛡️
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2025-10-31 15:48