Norwegian Block Exchange AS

M&A Activity • Feb 15, 2023

NBX and ACE Asset Management announces partnership to develop market making for futures and derivatives of Bitcoin and Ethereum

NBX and ACE Asset Management announces partnership to develop market making for futures and derivatives of Bitcoin and Ethereum

OSLO, Norway - NBX, a leading Nordic cryptocurrency exchange, has partnered with ACE Asset Management AS to develop and maintain a market making function for futures and derivatives of BTC and ETH on NBX’s platform. The collaboration brings together two industry-leading firms within the Nordic region and highlights the growth potential of digital assets.

The market making service developed by ACE will provide NBX with continuous liquidity, tighter spreads, and deeper order books, creating a more stable and secure trading environment for its customers. The partnership will bring several benefits for NBX, including:

Increased Trading Volume:

ACE’s market making service will increase liquidity and create a more attractive trading environment, thereby increasing trading volume and attracting more traders to the NBX platform.

Diversified Revenue Streams:

With access to highly liquid markets, NBX can now offer its customers a wider range of trading opportunities, thereby diversifying its revenue streams.

Enhanced Platform Performance:

ACE's expertise in market making will help NBX optimize its trading systems, improve user experience, and better compete with leading exchanges, thereby generating higher revenue through commissions and fees.

Commenting on the partnership, Stig Kjos-Mathisen, CEO of NBX, said, "We are delighted to partner with ACE Asset Management and offer our customers a more stable and liquid trading environment. By entering into this partnership we have also started on the path to offer trading in tokenized securities, which is where we see the future lies for financial instruments."

Alexander Hagen, Managing Partner of ACE Asset Management, added, "We are excited to work with NBX and contribute to the development of the digital assets ecosystem. We believe our expertise in derivatives and market making services will provide NBX with a competitive edge and help attract a wider user base."

The rapid development in digital currencies and blockchain technology has made the sector one of the most promising areas for investors worldwide. As a result, the NBX share is expected outperform markets as investors again seek to gain exposure to the growing digital assets market.

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About NBX:

NBX is a leading cryptocurrency exchange based in Norway that provides a secure and reliable trading platform for buying, selling, and trading Bitcoin, Ethereum, and other digital assets, custody and compliance services, AML etc. NBX is committed to providing a seamless user experience, industry-leading security, and innovative financial services to its customers.

About ACE Asset Management:

ACE Asset Management is a crypto and index fund management company who specialises and offer several services using derivatives in fund management. ACE Digital AS, a digital trading company 100% owned by ACE Asset Management, will provide the market making service on the NBX platform. ACE Digital services offers liquidity and trading solutions to leading exchanges and institutions. ACE Digital specializes in algorithmic trading, market making and risk management in digital assets, offering a unique combination of technology, liquidity, and expertise.

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Contact person:

Stig Kjos-Mathisen - CEO Mail: stig.aleksander.kjos-mathisen@nbx.com, Phone: +47 93287572