Convergence

Convergence

On-chain liquidity network for market makers and protocols, enabling seamless crypto trading with no transaction fees. Learn more

Employees
Market cap
-
Enterprise valuation
€9—14m (Dealroom.co estimates Oct 2023.)
Cayman Islands (HQ)
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Convergence.so operates as a fully on-chain liquidity network designed specifically for market makers and protocols. The company provides a robust platform that connects market makers and takers through a network of on-chain clearing venues. This allows users to gain access to a growing network of market makers and choose from multiple venues with a single click. The platform features an advanced RFQ (Request for Quote) builder for crypto options, futures, and perpetual swaps, enabling users to easily create single or multi-leg structures within seconds. Users can request quotes and receive the best bids from market makers, execute trades without compromising reliability or security, and trade and swap crypto with no transaction fees. The system also supports obfuscated payloads to allow hedging before settlement and uses algorithms to place orders automatically. When two orders match, a special function is triggered to fill the order. Convergence.so serves institutional clients and operates in the cryptocurrency market. Its business model revolves around providing a transparent and efficient trading infrastructure, making money through facilitating trades and offering advanced trading tools. The company aims to democratize access to institutional-level liquidity for anyone who needs it.

Keywords: on-chain liquidity, market makers, crypto trading, RFQ builder, perpetual swaps, no transaction fees, clearing venues, hedging, institutional liquidity, trading infrastructure.