Finext Eastern Bank acquires Deep Tech IP Orderbook
Finext Eastern Bank (FEB), one of Asia’s newest digital asset banks, has signed an agreement to acquire the intellectual property rights of Orderbook, the world’s first crypto trading AI that utilizes a professional bank FX trader market making strategy.
Founded in 2020, Orderbook leverages their advanced AI to provide bespoke trading solutions for individuals, institutions, and crypto projects for their digital assets. Orderbook is currently supported by 30 employees and serves over 10,000 clients globally.
This acquisition is part of FEB’s ongoing strategy to build a one-stop-shop offering financial solutions to the burgeoning digital asset industry. Orderbook’s market making crypto trading AI service is highly synergetic with FEB’s product offering. With the integration of Orderbook’s IP, Orderbook customers will also be able to access FEB’s digital assets purchasing service via their Orderbook software.
“Orderbook is the right fit for Finext Eastern Bank to expand our suite of digital asset services.” says Shaun Ang, FEB’s Chairman. “AI powered crypto trading is one of the most requested services from our clients, and Orderbook’s unique offering and healthy trading returns is an ideal solution.”
“As one of the current market leading AIs in crypto trading, Orderbook has experienced record customer growth in the past two quarters.” adds IvanToh, co-founder of Orderbook. “We aim to be the go-to AI crypto trading service that provides differentiated trading strategies to the whole spectrum of crypto traders so that they can stay and trade with us regardless of whether there is an up-or-downtrend in the markets. The FEB board has just the right leadership and entrepreneurial spirit to accelerate that plan.”
Finext Eastern Bank is a trailblazer in the digital asset banking landscape. We offer a comprehensive suite of digital asset financial solutions to more than 150 corporate clients globally. These solutions include financial services, custodial services for digital assets, and external asset management. We understand the needs of digital asset investors are becoming increasingly sophisticated and we aim to the forefront of this eminent disruption to the global financial landscape.
Orderbook — Orderbook has grown into one of the leading global providers of crypto trading AI. Through its innovative integration of FX market making, Orderbook has developed an AI that thinks and trades with similar methodology. Orderbook has over 30 employees in 5 different countries serving over 3,000 customers globally and has experienced record growth in new customers over the past two quarters.
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