The physical distance between latency-sensitive firms and cryptocurrency trading venues plays an important role when it comes to fast and reliable connectivities between exchanges matching engines and the firms themselves.
As a result, Avelacom has set up low latency connections to Amazon Web Services (AWS) in the past, in locations such as London, Hong Kong, Tokyo, and Frankfurt. Now, Avelacom will expand to an even wider variety of cryptocurrency markets, as it launches a new point-of-presence (PoP) in Ashburn, Virginia.
The new PoP allows direct connectivity between Avelacom and Amazon AWS’ US-East-1 region, the most popular route for cryptocurrency arbitrage. Moreover, AWS Ashburn to AWS Dublin is currently the fastest line available in the market.
This new connection to Ashburn will provide increased predictable performance, as well as better coverage for arbitrage strategies for clients that like to trade with cryptocurrency hedge funds, asset managers, proprietary trading firms that are handling multiple global exchanges and broker-dealers.
Aleksey Larichev, CEO of Avelacom commented on the matter stating that due to the high growth rates and dynamicality of the cryptocurrency market, it will be Avelacoms key focus this year.
Furthermore, Aleksey focuses on the importance of IT infrastructure when it comes to institutional adoption, and goes on to mention that their solution portfolio and ready-to-go infrastructure are able to provide.
Additionally, Mr. Larichev mentions that their main goal is to make markets accessible for a greater number of clients and help them pave their way for financial success.
The current state of Avelacom
As of right, Avelacom manages to connect to all types of exchanges and has a global coverage of more than 80 PoPs, with the architecture being optimized for low latency operations, set out to meet the high standards of the capital markets.
At the beginning of last year’s December, Avelacom announced that it had further enhanced its speed network performance. This was made possible by teaming up with Hong Kong Exchanges and Clearing Limited (HKEX) and combining their ecosystem of network service providers, in order to offer the market’s lowest latency available between Hong Kong and London.