Toa Capital Connects to Vertex Protocol
Posted by Colin Lambert. Last updated: August 9, 2023
High frequency prop trading firm Toa Capital Partners says it has agreed to provide digital asset liquidity in spot and derivatives on decentralised exchange Vertex Protocol.
Vertex Protocol launched on Arbitrum in April and the firms says in just over three months it has traded more than $3.8 billion in aggregate volume across both spot and perpetual futures trading. It also recently announced investment from market maker Wintermute.
“Toa’s team has blue chip pedigree in traditional finance and is a perfect partner for us,” says Darius Tabatabai, co-founder at Vertex Protocol. “Their presence will only serve to bring further institutional quality rigor and trading to our users.”
Jake Moore, co-founder at Toa Capital Partners, adds, “In just a few short months, Vertex has already proven to be a leading force in DeFi. Their leadership has realised only the beginning of their vision for the future of trading, and we couldn’t be more delighted to join them on this journey.”