Flow Traders stands as a liquidity provider listed by the Euronext exchange, and made an announcement today. The firm announced that it had successfully registered its cryptocurrency outfit with De Nederlandsche Bank (DNB). Thus, its crypto outfit will be capable of providing crypto services within the Netherlands.
A New Player In The Netherland’s Arena
With this, Flow Traders will be capable of processing crypto transactions in the country at large, offering its Dutch users liquidity in order to exchange fiat currencies for cryptocurrencies, and the other way around.
Flow Traders has its headquarters based in Amsterdam, and stands as a major liquidity provider and principal trading firm. Flow Traders boasts a specialization within the Exchange Traded Products (ETPs) space.
A Rising New Trend
The company itself boasts offices in Singapore, New York, Milan, Hong Kong, and even Cluj. Flow Traders stands as one of many diverse firms that have started to expand within the cryptocurrency space, primarily thanks to the space’s success.
The major global players, such as Tesla and Goldman Sachs, stand as one of the rising numbers of mainstream firms that are starting to get into the crypto space. This is primarily thanks to the virtual asset space gaining greater legitimacy alongside the institutional space showing greater interest and subsequently driving up the price.
Flow Traders is planning to get in on this, and will be a spot OTC crypto liquidity provider in order to find its niche. It plans to go further than that, however, and will offer 24/7 crypto exchange liquidity all the while making markets in crypto ETPs.
The Mandatory Public Statement
Folkert Joling stands as the Chief Trading Officer at Flow Traders, and gave the mandatory public statement about the matter. He expressed his company’s delight at the successful registration at the DNB, welcoming the new regulations within the crypto arena as a whole. He explained that Flow Traders is aiming to strengthen its “Market-leading” position within the Spot OTC crypto space of Europe, and the increased regulatory status is just another step forward there.
Of course, Joling wasn’t scared to advertise, declaring proudly that the Flow Traders Institutional Trading teams in London and Amsterdam are very much open and can be reached by any inquiring institutional counterparty.
The Dutch Government has been implementing new legislation when it comes to crypto business ever since May of 2020. As is the case with any EU nation, this is based on the EU’s guidelines as stipulated in AMLD5.