GoDark Unveils Institutional Dark Pool for Crypto Backed by Copper, GSR, Others

GoDark, a newly launched institutional dark pool designed specifically for digital assets, is set to revolutionize the way large orders are executed in the crypto market. Backed by industry experts such as Copper and GSR, GoDark aims to provide a secure and efficient platform for trading large volumes of cryptocurrency without impacting the market.

The platform has already garnered support from prominent users including FRNT Financial, Stillman Digital, Fasanara Capital, and Capital Union Bank, among others. With over half of U.S. equities trading volume taking place in dark pools, there is a growing demand for a similar solution in the crypto space.

According to Denis Dariotis, founder and CEO of GoQuant, the lack of a real institutional dark pool in crypto has been a significant challenge for institutional investors looking to trade large volumes of digital assets. While centralized exchanges offer high liquidity, they lack privacy and transparency. On the other hand, OTC desks provide privacy but come with marked-up spreads and high fees. Dark pools bridge the gap by offering a balance between liquidity and privacy.

The high volatility of digital assets and the distributed liquidity across various crypto trading venues make the concept of dark pools particularly relevant in the crypto market. GoQuant, the company behind GoDark, initially started as a market data provider for crypto funds and has since evolved to offer end-to-end trading solutions with a focus on low latency.

In addition to the GoDark service, GoQuant has recently introduced GoCredit, a borrow/lend platform catering to banks, TradFi hedge funds, and similar institutions. GoDark aims to offer spot cryptocurrency trading initially and plans to expand into perpetual futures, conventional futures, options, and other instruments in the future.

With features such as ultra-low-latency matching, non-custodial settlement, and execution protections, GoDark is poised to become a game-changer in the crypto trading space. The platform also offers the option to require orders to execute only if they match the best price available on various “lit” venues, similar to the National Best Bid and Offer (NBBO) in traditional equities trading.

Overall, GoDark’s innovative approach to dark pool trading in the crypto market is set to attract institutional investors looking for a secure and efficient way to trade large volumes of digital assets. As the platform continues to evolve and expand its offerings, it is expected to play a significant role in shaping the future of crypto trading.