Integral Launches Stablecoin-Based Crypto Prime Brokerage
Integral announced the launch of Primeone, which the company describes as the world’s first stablecoin-based crypto prime brokerage.
News Bytes - 5, Stablecoin
Built on the Codex Layer-1 EVM blockchain, Primeone integrates institutional-grade credit, trading and net settlement into a single platform that lets clients trade with market makers and exchanges through one account.
The platform uses USD stablecoin margin that automatically transfers onchain between counterparties’ wallets as positions fluctuate, with trading limits set dynamically from participants’ margin balances; Integral said this design preserves clients’ control of assets, reduces counterparty credit exposure and cuts capital and operational requirements.
Integral named Virtu Financial and Europa Partners among early participants. CEO Harpal Sandhu said the product addresses limited access to credit in crypto markets and leverages Integral’s existing FX infrastructure, which the company says supports over $1 trillion in monthly FX trading.
Bitcoin.com
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