Flow Traders will buy a stake in Wormhole and facilitate cross-chain crypto swaps.
Institutional market maker Flow Traders has partnered with Wormhole, an interoperability protocol, to improve cross-chain liquidity and performance, according to an Oct. 30 announcement.
Flow Traders will buy a stake in Wormhole Foundation and commit to facilitating multichain swaps as part of Wormhole’s “solver” network of cross-chain liquidity providers, Flow Traders and Wormhole said.
“One of the biggest challenges we see is the fragmentation within multi-blockchain ecosystems,” Michael Lie, Flow Traders’ global head of digital assets, said in a statement.
