Hidden Road, a prime brokerage backed by the American market maker Citadel Securities, is boosting institutional access to digital assets through a partnership with Bitfinex.

On June 13, Bitfinex announced its integration with Hidden Road, which will enhance the brokerage’s institutional offerings with new digital assets and security tools.

Through this partnership, Bitfinex will assist Hidden Road in launching or expanding services such as derivatives trading, spot trading, peer-to-peer financing, over-the-counter (OTC) trading, margin trading, and more.

Hidden Road, a prime brokerage backed by Citadel Securities, has partnered with Bitfinex to enhance institutional exposure to digital assets. Bitfinex, operated by iFinex—the owner of Tether, the largest stablecoin issuer—announced the integration on June 13. This partnership will provide Hidden Road with new digital assets and security tools, aiding in introducing and scaling services such as derivatives trading, spot trading, peer-to-peer financing, OTC trading, and margin trading.

Bitfinex and Tether share a Chief Technology Officer, Paolo Ardoino. Bill Brindise, Bitfinex’s head of business development, expressed pride in offering advanced trading features, deep liquidity, and a wide range of trading pairs supported by robust security measures. He is confident that Hidden Road’s customers will benefit from the diverse products aimed at institutional and professional investors.

This collaboration follows Hidden Road's decision to stop working with Bybit in late May due to KYC verification and AML process conflicts. Bybit, headquartered in Dubai, is known for its lenient KYC policies but introduced mandatory KYC for users withdrawing over 20,000 USDT per day in early May.

Founded in 2018, Hidden Road provides prime brokerage services across various asset classes, including foreign exchange, precious metals, and crypto. In April 2024, the company aimed to raise $120 million, targeting a $1 billion valuation. Michael Higgins, Hidden Road’s global head of business development, highlighted the company’s commitment to offering modern technology and streamlined workflows. Integrating with Bitfinex aligns with their goal to enhance access and choice for their counterparties.

Cointelegraph reached out to Hidden Road and Bitfinex for comments on the collaboration but did not receive a response by publication.