Smart order routing platform bitsian is gatecrashing the budding market for cryptocurrency brokerages, the company announced in a press release Wednesday. bitsian offers a pre-trade preview of cryptocurrency pricing, comparing prices from 10 major exchanges—Binance, BitStamp, Bittrex, BitMart, Coinbase, HitBTC, Gemini, Kraken, KuCoin and Poloniex.
The platform aims to aggregate different prices from various sources to help traders make smart decisions faster and benefit from better prices. According to bitsian CEO Rakhee Miller, the platform offers “a holistic view of all trading activity across exchanges.” Overall, it covers more than 2,800 native pairs and 180,000 synthetic pairs.
“bitsian is designed to solve for the fragmentation problem currently faced by anyone trying to trade across more than one venue,” said Miller. ”Traders no longer need to open several browser tabs or windows to monitor margin and risk. Now they can view and manage everything together in a single window: their portfolios, exchanges and research.”
As part of its platform, the firm offers a more diverse array of order types than crypto exchanges, such as Market, Limit, Stop Loss, Profit Take, Trailing Stop Loss, and icescraper.
The platform was co-founded by two former Wall Street execs Miller and Steve Brucato. Miller previously worked at Goldman Sachs and Morgan Stanley, whereas Brucato previously was CTO of trading technology firm REDI Technologies. He also spent time at Goldman Sachs.