Compendium has announced a new partnership with Alameda Research. Compendium which focuses on tools to help make life in crypto and web3 much simpler has spoken on their partnership with the quantitative cryptocurrency trading firm.
The idea of the partnership has been suspected to be a move to increase the synergetic relationships with leading exchanges in the cryptocurrency space and provide efficient trading for their $CMFI coin. In a tweet (shown below) the company spoke on their partnership and what it means for both companies.
📢We're excited to announce our new strategic partnership with @AlamedaResearch— Compendium.Fi (@CompendiumFi) April 12, 2022
📈This partnership with #Alameda Research will help ensure efficient trading markets for $CMFI through liquidity and market-making strategies.
Read 👉 https://t.co/xVERya2GkY$SOL #Solana #Crypto pic.twitter.com/tYCDxT1QF5
Through liquidity and market-trading strategies, the opportunities for trade of the $CMFI token are greatly increased with this partnership as this team-up will ensure other major exchanges will be more willing to list the token.
Within the industry, Alameda’s name carries a lot of weight, the expertise they offer will prove very valuable to the $CMFI token. The token has been noted to have a wide range of products that will be important for users in a broader space.
For the uninitiated CompendiumFi is built on Solana and creates trading tools for a lot of the ecosystems you see built on Solana today. The project has Centralized and Decentralized exchange solutions that provide solutions made available to those in the ecosystem and not the general public.