How Do Digital Asset Prime Brokers Handle the Fragmentation of Crypto Liquidity?
Digital asset prime brokers aggregate liquidity from multiple centralized exchanges (CEXs), decentralized exchanges (DEXs), and OTC desks into a single interface or API. They use smart order routing (SOR) to execute trades at the best available price across these fragmented venues.
This allows institutional clients to access deep liquidity without managing multiple accounts and connections.