Apifiny, a cross-exchange crypto-asset trading network, today announced the launch of its new Smart Order Routing (SOR), an advanced feature that allows institutional traders to automate and route orders across Apifiny’s 25+ connected exchanges for best price execution.

The launch of SOR comes as Apifiny continues to ramp up product development ahead of its planned merger with Abri SPAC Inc. in Q3 2022.

Institutional traders are accustomed to using smart routing systems, and SOR is designed to automate and break down large orders and seeks to identify the best prices throughout networked exchanges to minimize any slippage in price.

Apifiny’s goal is to drive institutional adoption with technologies and tools that address problems within the crypto industry, specifically market fragmentation. In the past year, it has been reported that the crypto markets are so fragmented that even if the five largest exchanges were to merge, the new entity would still only command around 40% of the overall trading volume.

“In order to address liquidity fragmentation, smart order routing was the logical next step in the evolution of Apifiny’s platform. SOR has proven to be a key tool in stock trading and allows for hedging against fragmentation by analyzing the market and executing orders towards a unified price. While there are still several major platform advancements to come this year, SOR is a huge step forward for institutional traders and we are excited to offer it through Apifiny.”
– Haohan Xu, CEO of Apifiny

Connecting with over 20 of the top cryptocurrency exchanges by trading volume, the Apifiny network of exchange increases stability and continuity and reduces disruption in the crypto marketplace by providing immediate access to the optimal market-clearing prices and liquidity for trading cryptocurrencies.

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