BeInCrypto Institutional Research: 15 Firms Building Crypto Trading Infrastructure

§ 01 Executive Snapshot

• What: 15 firms are developing crypto trading infrastructure set to launch in 2026.
• Who: Various firms involved in Order Management Systems (OMS), Execution Management Systems (EMS), prime brokerage, OTC liquidity, trading venues, and settlement.
• Why it matters: This growth in infrastructure indicates a significant evolution in the crypto trading ecosystem, enhancing the market's maturity and efficiency.

§ 02 Key Developments

• 15 firms are focused on building trading infrastructure in the crypto space for 2026.
• The infrastructure includes Order Management Systems (OMS) and Execution Management Systems (EMS).
• Key areas of development also encompass prime brokerage and OTC liquidity services.

§ 03 Strategic Context

• The crypto trading market has seen increased institutional interest, leading to a demand for robust trading infrastructure.
• The establishment of these infrastructures aligns with the broader trend of crypto market maturation and regulatory compliance.

§ 04 Strategic Implications

• The development of this infrastructure will likely enhance trading efficiency and attract more institutional participants into the crypto market.
• Long-term, this could lead to improved market stability and liquidity as trading operations become more sophisticated.

§ 05 Risks & Constraints

• Potential regulatory hurdles may impact the development and operational capabilities of these firms.
• Competition among firms for market share in the evolving crypto trading infrastructure landscape may create challenges.

§ 06 Watchlist / Forward Signals

• Key timelines to watch include the rollout of these infrastructures in 2026.
• Future developments will signal the success of these initiatives, particularly in terms of user adoption and liquidity provision in the market.