Multipool Receives Strategic Investment from Kronos Research to Advance On-Chain Order Books
On July 23, 2024, blockchain company Multipool announced it had received a strategic investment from Kronos Research. The deal, made public in Majuro, Marshall Islands, marks a significant development in the decentralized finance (DeFi) sector.
Multipool, known for its work on decentralized exchanges, has been developing a fully on-chain trustless order book. This technology aims to provide a more secure and efficient way to trade cryptocurrencies and real-world assets. Kronos Research, a firm specializing in digital asset trading and liquidity provision, has shown its support for this approach through its investment.
Steve Murray, a core contributor at Multipool, stated that the company looks forward to working with Kronos Research. He emphasized the potential of combining Multipool's DeFi expertise with Kronos's industry experience. Vincent Liu, COO of Kronos Research, expressed similar sentiments, highlighting their shared belief in the transformative potential of trustless transactions.
The partnership aims to address current demands in the DeFi industry. Both companies see on-chain order books as a crucial development for the future of cryptocurrency trading. They hope to provide enhanced solutions for global traders and investors through their collaboration.
Multipool's platform incorporates several technological innovations, including FIX APIs, low latency networks, and measures for MEV bot protection. These features are designed to improve trading efficiency and security in the decentralized exchange environment.
Kronos Research, for its part, brings to the table its experience in quantitative trading and liquidity provision. The firm uses advanced machine-learning techniques and trading infrastructure to support its operations in the digital asset market.
While both companies express optimism about their partnership, the actual impact of this collaboration on the broader DeFi and cryptocurrency markets remains to be seen. The development of on-chain order books and their adoption by traders will be key factors to watch in the coming months.
