CryptoStruct News
Markets, Features and Updates
CryptoStruct and Copper partner combining the power of low-latency market data with robust security
10/2024
The partnership enables institutional clients to execute complex strategies across multiple exchanges whilst benefiting from Copper's robust asset protection measures.
Monday, 14th October 2024 – We have integrated with Copper, a leader in digital asset custody, collateral management, and prime services. The partnership will enable institutional clients to manage their funds on Copper’s infrastructure seamlessly when trading through CryptoStruct’s Strategy Development Kit (SDK).
The integration of CryptoStruct’s platform with Copper’s ClearLoop, which enables clients to manage collateral and settle trades across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency, will empower trading firms to devise and implement their unique trading strategies within an event-driven framework. This enables clients to seamlessly expand their trading strategies across various exchanges, focusing on crafting profitable trading strategies whilst benefiting from the enhanced security that Copper’s infrastructure offers to safely custody and trade digital assets.
Dmitry Tokarev, CEO at Copper said: "Integrating CryptoStruct's all-in-one algorithmic trading solution within Copper’s services combines the power of their low-latency market data and advanced trading capabilities with Copper's robust asset protection measures, mitigating counterparty risk and streamlining operations."
Iain Clarke, Head of Sales at CryptoStruct said: “Through the partnership, users of the CryptoStruct SDK will enjoy the enhanced security of Copper’s custodial services for digital asset trading and custody, whilst effortlessly scaling their trading strategies across multiple exchanges."
About Copper
Since being founded in 2018, Copper has been building the standard for institutional digital asset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.
For more information, please visit: www.copper.co
CryptoStruct expands its product offering to BingX
09/2024
CryptoStruct has announced the completion of its streamlined, low-latency market data and order entry gateways for BingX, a leading global cryptocurrency exchange. This high-performance strategy framework allows CryptoStruct’s clients to integrate with BingX seamlessly, opening new avenues for revenue growth and expanding their trading capabilities.
CryptoStruct expands its product offering to Crypto.com
02/2024
CryptoStruct announced today that it has finalized its normalized low-latency market data and order entry gateways for crypto.com, a leading global cryptocurrency exchange. Leveraging the high-performance strategy framework, CryptoStruct's clients can seamlessly expand their trading operations to another exchange, potentially unlocking greater revenue opportunities.
CryptoStruct Partners with Industry Veteran Henning Kruse to Drive Strategic Client Outreach
02/2024
01 February 2024 – Hamburg, Germany - We are excited to announce a strategic partnership with Henning Kruse, a distinguished figure in the financial markets with a storied career as the former Managing Director, European Sales - Nordic Equities, Cash & Derivatives at NASDAQ. This collaboration marks a significant milestone in our efforts to enhance our outreach and engagement with trading firms globally.
Thomas Schmeling, Managing Director of CryptoStruct, said: „We are very excited that Henning Kruse will support us in our sales activities. His in-depth knowledge and wide network within the financial trading community will contribute to our growth plans.“
Henning Kruse brings to this partnership a wealth of experience and a deep understanding of the financial markets, particularly in equities, cash, and derivatives. His expertise will be invaluable as we work together to introduce trading firms to our platform, helping them to realize the full potential of their trading strategies in the cryptocurrency space.
Our collaboration with Henning is built on a shared vision for the future of trading, where technology and strategy converge to create unprecedented opportunities for efficiency and profitability. We are confident that this partnership will greatly enhance our ability to connect with new clients and forge strong, productive relationships in the industry.
BSO and CryptoStruct Bolsters Aggregated Crypto Feed Powered by Low Latency Global Network
10/2023
Trusted crypto connectivity and data solution takes another leap forward
25 October 2023 – Dublin, Ireland - BSO, the global pioneering infrastructure and connectivity provider, together with CryptoStruct, the leading market data and trading solution provider for algo traders, has enhanced its cryptocurrency trading solution, offering unparalleled connectivity between exchanges and consolidated market data in a single feed.
Forged during 2020’s market boom, the collective engineering teams have spent the past three years developing a robust, institutional-grade solution trusted by high-frequency and algo traders worldwide.
Underpinning the offering is BSO’s ultra low latency cloud connectivity solution, Crypto Cloud Connect, which provides the advanced network backbone and cloud connectivity for CryptoStruct’s specialist crypto trading platform.
CryptoStruct’s aggregated data feed is part of the company’s trading solution and unites market data from 16 top-tier cryptocurrency exchanges, covering 95% of global liquidity that includes prominent exchanges like Binance, OKX, Coinbase and BYBIT.
The software offers real-time market data and advanced HFT trading capabilities, complemented by powerful market dashboards, ultra-scalable runtime, order, and position management. For those interested in historical insights, the platform also provides normalised historical market data for comprehensive order book analysis and backtesting, accompanied by extensive parameter testing and a fully private setup to ensure complete security.
Michael Ourabah, Chief Executive Officer at BSO, said: “Years of market knowledge have been poured into our technology, dedication and passion that has been mirrored by CryptoStruct’s talented team every step of the way. Together, we are leading the market, innovating relentlessly, and reinvesting in the market’s only specialist solution for traders wanting to operate at the competitive edge of the market.”
Iain Clarke, Head of Sales at CryptoStruct, said: “We are very excited to partner with BSO on the distribution of our customisable consolidated depth-of-book feed via its network. For the first time ever, clients can receive an aggregated full-depth order book for all crypto pairs of all major crypto exchanges via one single feed. This is a significant step forward.”
In addition to its proven offering, BSO and CryptoStruct work in close collaboration with clients, ensuring their joint offering always flexes to meet customer needs. This innovative spirit ensures traders can rapidly capitalise on regional trading surges and overcome the effects of ever-changing regulatory headwinds
Everything about BSO and CryptoStruct has been built for speed. BSO’s small footprint colocation is ideal for crypto firms setting up at new trading venues or in new markets to facilitate regional network interconnection.
Contact BSO’s Matthew Lempriere or CryptoStruct’s Iain Clarke to understand how BSO and CryptoStruct unlock the competitive advantage that only an ultra low latency backbone, direct cloud connectivity and consolidated data access make possible.
CryptoStruct and Cypator Join Forces to Enhance Algorithmic Crypto Trading
10/2023
Traders to benefit from comprehensive market access and trading resources
Hamburg and Tel Aviv, 2 October September 2023 – CryptoStruct, the all-in-one algorithmic trading solution for high-frequency traders and market makers in crypto markets, and Cypator, a digital assets trading Electronic Communication Network (ECN) for institutional players, have joined forces to bring traders a cutting-edge solution.
The partnership between CryptoStruct and Cypator is set to combine the strengths of both companies, creating a seamless and efficient trading environment for users. Cypator’s ECN will now be readily accessible to traders utilizing CryptoStruct's state-of-the-art trading software and infrastructure. Enhanced liquidity access, simplified onboarding procedures for market makers, and access to efficient trading tools and infrastructure will enhance the trading experience and profit potential for algorithmic cryptocurrency traders.
Cypator has emerged as a standout player in the digital assets trading space, offering unique benefits to market players who want to manage counterparty risk and diversifying liquidity sources in a non-custodial fashion. It recently announced that it has attracted significant client participation - more than 20 market participants are now signed with a further 50 large trading institutions in advanced stages of contract negotiations. Cypator has successfully cleared more than 100,000 crypto trades with Hidden Road prime brokerage.
CryptoStruct is the go-to solution for algorithmic trading in the dynamic world of crypto markets. The company is dedicated to delivering a smoother and more reliable trading experience for its customers. CryptoStruct provides a cutting-edge, user-friendly strategy development kit and trading runtime, empowering trading firms to devise and implement their unique trading strategies within an event-driven framework. This enables clients to expand their trading strategies across various exchanges seamlessly, focusing on crafting profitable trading strategies.
Thomas Schmeling, CEO of CryptoStruct, commented on the partnership, stating, “In the dynamic world of crypto markets, it is essential to stay ahead. This partnership embodies our commitment to providing traders with unparalleled tools and resources. Together with Cypator, we are empowering traders to navigate the crypto seas with precision.”
Ayal Jedeikin, CEO & Founder of Cypator added, “We are pleased to announce our strategic partnership with CryptoStruct which is another step forward in our commitment to enhancing the trading experience for both Makers and Takers. With this collaboration, Makers can seamlessly disseminate quotes to Takers, streamlining the onboarding process. Takers will now enjoy streamlined access to robust liquidity, and as we onboard new Makers, the liquidity landscape continues to strengthen. This partnership underscores our focus on delivering a user-friendly, institutional-grade trading environment within the dynamic digital assets industry."
CryptoStruct expands its product offering to WOO X
08/2023
CryptoStruct is now also offering normalized low-latency market data and order entry access to WOO X. Existing clients and new customers can get a special offer for this connection, please reach out to our sales team.
WOO X announced: "We believe that our business model revamp will yield a net positive outcome for our ever-growing ecosystem, encompassing our valued users, esteemed partners, and supportive investors. Together, we forge ahead, fostering a thriving crypto trading environment that meets the evolving needs of our stakeholders."
Support for Binary SBE Encoding
07/2023
We're excited to announce the addition of support for binary SBE encoding of market data messages. This enhancement ensures a more efficient and streamlined process for our market data communication.
Bybit API v5 fully supported
07/2023
Bybit has rolled out its API v5, which now integrates Spot, Derivatives, and Options under one unified specification. CryptoStruct has updated its platform to support this latest version.
Additionally, customers can continue to access their v3 accounts via CryptoStruct.
IPC Partners with CryptoStruct to Provide Market Data to the
Connexus® Crypto Trading Environment
07/2023
IPC Systems, a leading provider of secure, compliant communications and multi-cloud connectivity solutions for global financial markets, and CryptoStruct, a major low latency cryptocurrency market data and trading solution provider, have joined forces to offer enterprise-grade data to IPC’s Connexus® Crypto ecosystem.
Launched in November 2021, Connexus Crypto is IPC’s flagship solution for cryptocurrency trading, supporting complex trading strategies and mitigating risk. Connexus Crypto, a market leading arbitrage enabling solution for cryptocurrency trading, allows market participants to buy
and sell cryptocurrency simultaneously in different markets. The solution also provides users with low latency connectivity and instant access to the liquidity of several global crypto exchanges. Connexus Crypto is underpinned by the Connexus Cloud platform, a multi-cloud trading ecosystem connecting more than 7,000 global market participants.
CryptoStruct provides an all-in-one trading solution including highly accurate, normalized, lowlatency market data from global crypto exchanges and comprehensive tick histories nanosecond time-stamped in colocation for all supported markets. The offering gives customers the option to choose between the whole trading solution or market data only.
In both cases, customers will benefit from low-latency access to normalized market data in a single format, making it effortless to integrate and scale their business. The integration with Connexus Crypto gives further choice by enabling customers to receive data not only in the cloud but also via the low-latency backbone infrastructure from IPC with access points all over the world.
“With CryptoStruct joining the IPC ecosystem, our customers will now benefit from a suite of low-latency market data feeds, specifically for the crypto asset class. This is an exciting addition and expansion from our recent announcement with Celoxica, which cements our position as collaborating with best-of-breed providers in the low-latency electronic trading arena,” Alex Walker, VP Global Network Data Sales, IPC Systems.
“We are thrilled to partner with IPC on the delivery of market data to the Connexus Crypto trading environment. Customers will benefit from our sophisticated feed arbitrage which makes our feed not only ultra fast but also highly reliable. Furthermore, with the ability to provide a nano-second time-stamped full depth tick-history, traders and quants will find it very easy to analyze and back-test their trading ideas,” Iain Clarke, Head of Sales, CryptoStruct.
Master data included in historical files
05/2023
We've made a small yet significant adjustment: each historical market data file will now contain the master data. This additional information may streamline the analysis of market data, simplifying the process. Please note that the API access and the bulk master data continue to be available as usual. Despite being a minor modification, we believe this change will enhance your user experience.
New Script Testing
04/2023
We've recently implemented script testing, a feature that enables thorough unit testing of every aspect of a strategy, regardless of the market conditions prevalent in historical files. This step provides a significant enhancement to our testing capabilities, making it easier and more efficient to test during the development of new strategies or adjustments to existing ones.
In addition to this, we continue to offer our robust backtesting functionality, which utilizes historical market data for strategy analysis. By using these two powerful tools - script testing and backtesting - side by side, we believe the strategy development process becomes even more precise and effective.
CryptoStruct joined Crypto Valley
03/2023
CryptoStruct is pleased to announce its recent membership in Crypto Valley, a Swiss nationwide ecosystem that supports blockchain innovation. By joining this network, we will be able to connect with major international blockchain innovation centers in London, Singapore, Silicon Valley, and New York. This affiliation will provide CryptoStruct with opportunities for collaboration and knowledge-sharing within the global blockchain community, as we continue to navigate the dynamic landscape of blockchain technology.
Revamped Click Trading
02/2023
We like to announce the launch of our revamped click trading GUI, designed to enhance your trading experience. The new interface is fully customizable and supports parallel trading across multiple accounts and exchanges. This upgrade aims to provide you with a seamless and efficient trading environment, empowering you to make better-informed decisions and manage your assets with ease.
This valuable addition to our StrategyServer enhances the user experience by enabling more convenient monitoring and effortless closing of positions.
CryptoStruct expands into options trading on Deribit
12/2022
CryptoStruct today announced that it has now fully integrated options trading on Deribit into its low-latency trading solution. For the very first time, clients are able to trade options which gives them another possibility to generate trading profits or to hedge positions. By using CryptoStruct, clients will also benefit from Deribit’s low-latency multicast feed in London.
Thomas Schmeling, Managing Director of CryptoStruct, said: “When clients who already use and appreciate our low-latency trading solution for spot trading and futures asked us to also support them on options, Deribit, the by far leading venue for crypto options, was of course our first choice. We are very happy to strengthen our very good relationship with Deribit by now supporting all available instruments out of Deribit’s colocation in London LD4.”
Luuk Strijers, Deribit's Chief Commercial Officer commented, “Through this integration, CryptoStruct is expanding the crypto derivatives ecosystem, which allows a wider range of traders to properly hedge their investments with options or use other options trading benefits. Deribit’s low-latency trading and market data solutions provide crypto options traders with a distinct and transparent competitive advantage over other market participants, and we are excited to bring this to
CryptoStruct’s esteemed clientele.”
Download PDF: Press Release Deribit Options – Cryptostruct
Instrument statistics added to SDK
11/2022
Our precalculated statistics like VWAP, turnover, average sizes, spread, OHLC, trade counts etc. are now accessible directly from inside the strategy.
Deribit colo service and reduced latencies
11/2022
We are now offering accesss to Deribit out of the LD4 colocation in London. After integrating Deribit's multicast data client are now able to trade with a latency of a few hundred microseconds only. By using our global network of dedicated connections clients are also able to receive low-latency market data from other crypto exchanges. Get in contact with us for a free trial!
BitMEX Spot Exchange added to CryptoStruct Algo Trading Software
11/2022
CryptoStruct today announced that it has successfully implemented normalized low-latency market data and order entry access to BitMEX Spot. CryptoStruct’s clients will be able to benefit from this when expanding their trading activities to ever more venues without spending their valuable development resources on integrating and maintaining exchange interfaces.
Thomas Schmeling, Managing Director of CryptoStruct, said: “BitMEX was one of the first APIs we implemented back in 2019 and we are very happy to support them on their growth plans by adding their new spot trading venue to the list of supported venues. This again proves our ability to add new venues based on latest industry developments and client demand.”
Genia Mikhalchenko, Vice President BitMEX Spot Exchange, said: “We are thrilled to have Cryptostruct support low-latency connectivity to the newly launched BitMEX Spot exchange. Cryptostruct has been one of our oldest and most trusted API trading partners and are a very important member of the BitMEX Partner Programme."
Download PDF: Press Release BitMEX Spot – Cryptostruct
Binance cross-margin trading now supported
10/2022
CryptoStruct now fully supports Binance cross-margin trading. More markets will be added in the next releases.
CryptoStruct expands its product offering to Binance US
10/2022
CryptoStruct now also offers normalized low-latency market data and order entry access to Binance US in addition to the already supported Binance APIs. This allows CryptoStruct’s clients to trade on all Binance venues with the same high-performance strategy framework.
Are Professional Traders Ready to Board the Crypto Rollercoaster?
09/2022
By Thomas Schmeling, Managing Director, CryptoStruct GmbH With cryptocurrency daily volumes regularly topping $200 billion, trading strategies that exploit the sector’s volatility are increasingly attractive. Combine that with the imminent reduction in regulatory headwinds, and it’s not surprising that professional proprietary trading firms have begun taking crypto seriously.
Two-way communication between strategy and outside world
08/2022
It is now possible to communicate between a websocket client and your strategy. Sending information from a strategy to other parts of your trading setup or using externally generated data inside your strategy with a much higher throughput than via the existing REST-API.
New feeds added
07/2022
With the newly introduced market data protocol version 5 we now also include three new feeds:
- mark price
- index price
- funding (current funding rate and next funding time)
Those feeds will be made available for all supported markets.
Order Transactions for Multi-Leg-Orders
06/2022
It is now possible to use Order Transactions with the CryptoStruct Strategy Development Kit. This allows you to logically combine multi-leg orders to different exchanges and each individual order is only sent if they all pass through the respective rate limits of the different exchanges.
If one of the rate limits is not sufficient, all orders are rejected internally and reported back to the strategy accordingly. This can greatly improve cross-exchange trading.
Gate.io added to CryptoStruct Algo Trading Software
05/2022
CryptoStruct today announced that is has completed its normalized low-latency market data and order entry gateways to gate.io, one of the leading crypto exchanges globally. By using the high-performance strategy framework, CryptoStruct’s clients can now easily scale their trading activity onto another exchange and thereby benefitting from higher revenue potentials.
Thomas Schmeling, Managing Director of CryptoStruct, said: “Adding gate.io to our global crypto exchange coverage enables our existing and prospective clients to easily implement their trading strategies on this well-known exchange. We thank gate.io for their support during the implementation phase and look forward to establishing a great relationship with them.”
Tina Yuan, Global Executive Vice President of gate.io, said, "We are pleased to establish a partnership with CryptoStruct, where a low-latency trading solution will be one of the key measures to drive the long-term growth of gate.io. Through a deeper and more friendly cooperation, we look forward to the innovation of our joint products and in this way support CryptoStruct's further development."
Download PDF: Press Release Gate.io – Cryptostruct
Bitfinex Integration
04/2022
CryptoStruct today announced that is has completed its normalized low-latency market data and order entry gateways to Bitfinex, one of the leading crypto exchanges globally. By using the high-performance strategy framework, CryptoStruct’s clients can now easily scale their trading activity onto another exchange and thereby benefitting from higher revenue potentials.
Thomas Schmeling, Managing Director of CryptoStruct, said: “We are pleased to announce that we successfully added Bitfinex to our product suite. This allows our clients to access this state-of-the-art digital token trading platform and scale their trading activities further.”
“In this collaboration with CryptoStruct, traders will have the capacity to execute advanced strategies, leveraging ultra-fast market data feeds,” said Paolo Ardoino, CTO at Bitfinex. "This builds on our commitment to providing a professional, liquid and efficient trading environment for sophisticated investors. As a native cryptocurrency exchange that offers institutional calibre trading performance, Bitfinex is set apart from the competition.”
Download PDF: Press Release Bitfinex – Cryptostruct
Coinbase Integration
03/2022
CryptoStruct today announced that is has completed its normalized lowlatency market data and order entry gateways to Coinbase Exchange, one of the largest crypto exchanges globally. By using the high-performance strategy framework, CryptoStruct’s clients can now easily scale their trading activity onto another exchange and could benefit from higher revenue potentials.
Thomas Schmeling, Managing Director of CryptoStruct, said: “Integrating Coinbase Exchange into our
high-performance trading software enables clients to scale their algorithmic trading strategies to one of
the most famous crypto exchanges globally. We thank Coinbase for their support so far and look forward
to onboarding new clients.”
Guillaume Chatain, Head of EMEA Sales & Introducing Brokers at Coinbase said: “We welcome
CryptoStruct as a new software vendor providing low-latency access to Coinbase Exchange. This allows
our mutual client base to implement even more sophisticated trading strategies and benefit from the
great pool of liquidity available on Coinbase Exchange.”
Download PDF: Press Release Coinbase – Cryptostruct
Additional Top-of-Book Feeds
01/2022
We already integrated the separate top-of-book feeds at Binance Spot and Futures some time ago. We are now adding Bybit Spot, Huobi Spot & Future, Coin-M, USDT-M, FTX and Deribit. We will add more separate feeds when there are latency benefits there as well.
OKx Integration and VIP Offering
12/2021
We just completed our normalized low-latency market data and order entry gateways to OKx, one of the leading crypto exchanges globally.
Thomas Schmeling, Managing Director of CryptoStruct, said: “Adding OKx to our list of supported exchanges allows our clients to further scale their trading activity to one of the leading crypto exchanges globally. We highly appreciate the support of OKEx and their offer to treat all clients trading via our product as VIP.”
Netero, OKx Asia CEO, said: “We are extremely proud to integrate and aid Cryptostruct’s clients to enhance their daily performance. The advent of newer trading strategies and tools is crucial to experimentation. We believe with OKEx being one of the most trusted and highly secure crypto exchanges, Cryptostruct is very well-equipped to push the boundaries and create smoother experiences in the tradeverse.”
Download PDF: Press Release OKx – Cryptostruct
