Tag: MENA

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Conagen commercializes scalable sweetness enhancers from nature

Teams up with pipeline partner Sweegen for bridging natural solutions with mainstream taste.

Bedford, Mass., July 08, 2022 (GLOBE NEWSWIRE) — Conagen, the Massachusetts-based biotech firm, announced the commercialization of an expansive portfolio of natural sweetness enhancers for taste modification in sugar reduction solutions for food and beverages. The enhancers are made with precision fermentation, a technology that has led to the innovation of an extensive platform of phenolic antioxidants.

Sweetness enhancers in the market today are made by chemical synthesis or by using an organic solvent extraction method, both of which are time-consuming, labor-intensive, and environmentally unfriendly. Conagen’s precision fermentation method is a preferred, clean, and sustainable method for developing sweetness enhancement compounds.

“These unique molecules are yet another example of how Conagen leverages its molecular platforms and precision fermentation capabilities to create useful ingredients for food and beverage applications. Our ability to rapidly scale modern, clean and sustainable sweetness enhancers provides additional and better options for taste modulation and sugar reduction beyond those enabled by the non-caloric sweeteners already on the market,” said Casey Lippmeier, Ph.D., vice president of innovation at Conagen.

Conagen’s sweetness enhancers belong to a group of natural product molecules called phenolic compounds, found extensively in many plant species. Phenolic compounds are commonly found in vegetables and fruits and are a significant part of the human diet. They are biosynthesized by plants and lichens as secondary metabolites and comprise a diverse group of phytochemicals.

Increasing consumer awareness of chronic diseases such as obesity and diabetes sparks the market pull trend toward zero sugar and low-to-no calorie food and beverages and is expected to continue upward. The health trend drives the growth in new sweetness enhancer technologies for an ever-demanding sugar reduction solutions market. Consumers are seeking ways to improve their diets and are increasingly interested in natural and clean ingredients.

Conagen and its pipeline partner Sweegen, a global leader in wellness-based sugar reduction solutions, have previously teamed up to develop modern natural sweeteners that can replace up to 100% sugar in particular food and beverage applications and bitter blockers to mitigate up to 80-100% bitterness in consumer trending products, such as energy drinks, sauces, and confectionery products with low to no sugar.

“Together, with Conagen, we’re building a bridge of natural solutions with mainstream taste,” said Casey McCormick, head of global innovation at Sweegen. “These new molecules can modulate mouthfeel and boost the sensation of the sweetness of other sweeteners and flavors in food and beverages, leading to a significant reduction in sugar usage.”

McCormick further stated, “Conagen is an ideal innovation partner for Sweegen to continuously build our robust and powerful portfolio and pair it with our first-class sweetener systems. The more sweetness enhancers in our toolbox, the better our exploration and discovery of new ways for food and beverage brands to make healthier products that taste great and resonate with consumers.”

Sweegen has a long-standing partnership with biotechnology innovator Conagen. Conagen focuses on developing sustainable, nature-based ingredients that improve existing options in the market or represent completely novel ingredient solutions.

About Conagen
Conagen is a product-focused synthetic biology R&D company with large-scale manufacturing capabilities. Our scientists and engineers use the latest synthetic biology tools to develop high-quality, sustainable, nature-based products by precision fermentation and enzymatic bioconversion. We focus on the bioproduction of high-value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries. www.conagen.com

About Sweegen
Sweegen provides sweet taste solutions for food and beverage manufacturers around the world.

We are on a mission to reduce the sugar and artificial sweeteners in our global diet. Partnering with customers, we create delicious zero-sugar products that consumers love. With the best modern sweeteners in our portfolio, such as Bestevia® Rebs B, D, E, I, M, and N, and brazzein, along with our deep knowledge of flavor modulators and texturants, Sweegen delivers market-leading solutions that customers want, and consumers prefer. Well. Into the Future.

For more information, please contact info@sweegen.com and visit Sweegen’s website, www.sweegen.com.

Attachments

Ana Arakelian, head of public relations and communications
Conagen
+1.781.271.1588
ana.arakelian@conagen.com
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Cellebrite to Release Second Quarter 2022 Financial Results on August 11, 2022

PETAH TIKVAH, Israel and TYSONS CORNER, Va., July 07, 2022 (GLOBE NEWSWIRE) — Cellebrite (NASDAQ: CLBT) (the “Company”), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced that it will report its second quarter 2022 financial results before market open on Thursday, August 11, 2022.

On that day, management will host a conference call and webcast to discuss the Company’s financial results at 8:30 a.m. ET.

Telephone participants are advised to register in advance at: https://register.vevent.com/register/BI90711c1a1a8c4d6d8d7487d0eec649e8.

Upon registration, participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique registrant ID.

The live conference call will be webcast in listen-only mode at: https://edge.media-server.com/mmc/p/smmox4u4.

The webcast will remain available after the call at: https://investors.cellebrite.com/events-presentations.

About Cellebrite 

Cellebrite’s (NASDAQ: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more, visit us at www.cellebrite.com and https://investors.cellebrite.com.

Caution Regarding Forward Looking Statements
This document includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward looking statements include estimated financial information. Such forward looking statements with respect to revenues, earnings, performance, strategies, prospects, and other aspects of the business of Cellebrite are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are not limited to: Cellebrite’s ability to develop technologically advanced solutions and successfully integrate with the software solutions used by customers; acceptance of solutions by customers; errors, failures, defects or bugs in solutions; a failure to maintain sales and marketing personnel productivity or hire, integrate and retain additional sales and marketing personnel; the impact of the global COVID-19 pandemic; the impact of competition on pricing and on Cellebrite’s market share; sub-optimal results from products due to misuse by customers; Cellebrite’s failure to maintain and enhance its reputation and brand; inaccuracy of the estimates of Cellebrite’s market opportunity and forecasts of market growth; changes to packaging and licensing models that adversely affect the ability to attract or retain customers; failure to manage future growth effectively; failure to introduce new solutions and add-ons; issues in the use of artificial intelligence resulting in reputational harm or liability; the need for additional capital to support the growth of Cellebrite’s business; a failure to maintain the security of operations and the integrity of software solutions; the impact of government budgeting cycles and appropriations, early termination, audits, investigations, sanctions and penalties; a decline in government budgets, changes in spending or budgetary priorities, or delays in contract awards; a failure to adequately obtain, maintain, protect and enforce Cellebrite’s intellectual property or infringement of the intellectual property rights of others; perceptions or court or regulatory decisions that Cellebrite’s solutions violate privacy rights; the use of solutions by customers in a way that is, or that is perceived to be, incompatible with human rights; failure to comply with laws regarding privacy, data protection and security, technology protection, sanctions, export controls and other matters; and other factors, risks and uncertainties set forth in the sections titled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Annual Report on form 20-F filed with the SEC on March 29, 2022 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Investors
Anat Earon-Heilborn
VP Investor Relations
+972 73 394 8440
investors@cellebrite.com

Media
Victor Cooper
Public Relations and Corporate Communications Director
+1 404 804 5910
Victor.cooper@cellebrite.com

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Gordon Brothers Acquires Unused Accommodation Barge Robyn S from Vanguard Shipping Limited for Immediate Sale

London, July 07, 2022 (GLOBE NEWSWIRE) — Gordon Brothers, the global advisory, restructuring and investment firm, has acquired the Robyn S accommodation barge from Vanguard Shipping Limited.

The firm is managing the disposition of Robyn S, which is available for immediate sale to the international marine, shipping and offshore markets.

The barge was previously used to transport bridge sections and components during the construction of the Queensferry Crossing over the Firth of Forth. Robyn S was built in 2010 at Nanjing Yonghua Shipbuilding Industry Company Limited to standard North Sea specifications, and the topside was fabricated in 2012 by Consafe to DNV standards. In 2021, Vanguard Shipping Limited acquired a 120-personnel accommodation topside with helideck and combined both units. For additional vessel specifications, please visit www.gordonbrothers.com/robyn-s.

“We’re excited to build on our market-leading disposition and appraisal capabilities in the maritime sector with our acquisition of the Robyn S barge and to continue to support companies in the marine, shipping and offshore industries through strategic change,” said Oliver Veart, Director, Marine & Valuations at Gordon Brothers.

“Gordon Brothers has a proven track record in supporting companies within multiple industries and sectors and has shown an enthusiasm for the Robyn S barge,” said John Sumner, Managing Director of Vanguard Shipping Limited. “We are pleased to partner with them as they have the resources, expertise and market knowledge to sell the vessel and its associated assets.”

Gordon Brothers has established a dedicated marine services and valuations practice that leverages decades of experience buying, selling, operating and valuing assets in the commercial and industrial economy across Australia, Brazil, Canada, the U.K., Europe, Japan and the U.S., and the firm looks forward to developing additional strategic opportunities as it increases activity in the Middle East and Asia Pacific. Gordon Brothers provides clients with advisory services including fleet and vessel renewal analysis, disposition and investment strategies.

About Gordon Brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, management teams, advisors and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four services areas: valuations, dispositions, financing and investment. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to provide maximum liquidity, put assets to their highest and best use and mitigate liabilities. The firm conducts more than $100 billion worth of dispositions and appraisals annually and provides both short- and long-term capital to clients undergoing transformation. Gordon Brothers lends against and invests in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually, to provide clients liquidity solutions beyond its market-leading disposition and appraisal services. The firm is headquartered in Boston, with over 30 offices across five continents.

About Vanguard Shipping Limited
Vanguard Shipping Limited is a British maritime company and sister company of Vanguard Packing Ltd, specialists in the export packing of large components and bespoke consignments operating from numerous locations throughout the U.K. Both companies sit within the Alkron Industrial group.

Lauren Nadeau
Gordon Brothers
+1.617.422.6599
lnadeau@gordonbrothers.com
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Cellebrite and Chainalysis Partner to Modernize Digital Investigations by Unlocking Cryptocurrency Data

Two market leaders come together to expand digital investigations

PETAH TIKVA, Israel and TYSONS CORNER, Va. and NEW YORK, July 05, 2022 (GLOBE NEWSWIRE) — Cellebrite DI Ltd. (NASDAQ: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, and Chainalysis, the blockchain data platform, have launched a partnership to enable customers to easily identify and assess criminal activity involving cryptocurrency during digital investigations to expedite their resolution.

Cryptocurrency usage has increased significantly over the past several years. While the vast majority of its use is for legitimate purposes, it has also been exploited for illicit use in scamming, money laundering, ransomware, and more. As cryptocurrency artifacts are more frequently found in, and can be used as key pieces of, digital evidence, law enforcement and corporations need access to cryptocurrency-related knowledge and tools to investigate criminal activity and help solve cases.

Together, Cellebrite and Chainalysis are enabling customers to modernize investigations by leveraging the transparency of blockchains. The integrated solution will provide automated, efficient capabilities and knowledge to identify and assess cryptocurrency risks and correlate such information to additional elements of a related case. Cellebrite’s DI suite of solutions will reveal accurate, real-time cryptocurrency data and insights from Chainalysis’ data platform. As a result of this cooperation, examiners, investigators, analysts, and compliance officers will be able to seamlessly identify illicit cryptocurrency-related activity in a single place as part of their familiar digital investigation workflows.

Cellebrite and Chainalysis are also collaborating to empower customers to bridge the cryptocurrency knowledge gap. Together, they will educate customers’ internal experts by offering cryptocurrency training and delivering cryptocurrency expert investigation services, as well as making Chainalysis’ Reactor, the investigation tool, available for advanced cryptocurrency tracing.

“Cryptocurrency, as any other financial instrument, has become a vehicle for funding crime and laundering money, and as its adoption increases, our customers must be equipped with cutting-edge solutions to identify this important category of digital evidence,” said Leeor Ben-Peretz, Chief Strategy Officer at Cellebrite. “Providing our customers with an integrated cryptocurrency investigation solution will expedite their investigations through automation and help them seamlessly uncover a wider range of digital evidence within Cellebrite’s suite of Digital Intelligence solutions. We are happy to join forces with Chainalysis to further enhance our customers’ tools and knowledge, modernize investigations, and accelerate justice.”

“We are thrilled to partner with Cellebrite, the Digital Intelligence market leader, to expand our public and private sector customer reach and provide them access to Chainalysis’ solutions, training, and expertise,” said Thomas Stanley, President and Chief Revenue Officer at Chainalysis. “Together, Cellebrite and Chainalysis are committed to helping combat blockchain-related crime, improving trust and transparency in blockchains, and making cryptocurrency safer for all.”

The initial integrated solution is expected to be available in Q3 2022. To find out more about the partnership offerings, please visit: https://cellebrite.com/en/cellebrite-crypto-solution-powered-by-chainalysis/

About Cellebrite

Cellebrite’s (NASDAQ: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

About Chainalysis

Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com.

Caution Regarding Forward Looking Statements
This document includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “will,” “appear,” “approximate,” “foresee,” “might,” “possible,” “potential,” “believe,” “could,” “predict,” “should,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include estimated financial information. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects, and other aspects of Cellebrite’s business are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to: Cellebrite’s ability to keep pace with technological advances and evolving industry standards; Cellebrite’s material dependence on the acceptance of its solutions by law enforcement and government agencies; real or perceived errors, failures, defects or bugs in Cellebrite’s DI solutions; Cellebrite’s failure to maintain the productivity of sales and marketing personnel, including relating to hiring, integrating and retaining personnel; uncertainties regarding the impact of macroeconomic and/or global conditions, including COVID-19 and military actions involving Russia and Ukraine; intense competition in all of Cellebrite’s markets; the inadvertent or deliberate misuse of Cellebrite’s solutions; political and reputational factors related to Cellebrite’s business or operations; risks relating to estimates of market opportunity and forecasts of market growth; Cellebrite’s ability to properly manage its growth; risks associated with Cellebrite’s credit facilities and liquidity; Cellebrite’s reliance on third-party suppliers for certain components, products, or services; challenges associated with large transactions and long sales cycle; risks that Cellebrite’s customers may fail to honor contractual or payment obligations; risks associated with a significant amount of Cellebrite’s business coming from government customers around the world; risks related to Cellebrite’s intellectual property; security vulnerabilities or defects, including cyber-attacks, information technology system breaches, failures or disruptions; the mishandling or perceived mishandling of sensitive or confidential information; the complex and changing regulatory environments relating to Cellebrite’s operations and solutions; the regulatory constraints to which we are subject; risks associated with different corporate governance requirements applicable to Israeli companies and risks associated with being a foreign private issuer and an emerging growth company; market volatility in the price of Cellebrite’s shares; changing tax laws and regulations; risks associated with joint, ventures, partnerships and strategic initiatives; risks associated with Cellebrite’s significant international operations; risks associated with Cellebrite’s failure to comply with anti-corruption, trade compliance, anti-money-laundering and economic sanctions laws and regulations; risks relating to the adequacy of Cellebrite’s existing systems, processes, policies, procedures, internal controls and personnel for Cellebrite’s current and future operations and reporting needs; and other factors, risks and uncertainties set forth in the section titled “Risk Factors” in Cellebrite’s annual report on form 20-F filed with the SEC on March 29, 2022 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Cellebrite Media   
Victor Cooper
Public Relations and Corporate Communications Director
+1 404.804.5910
Victor.cooper@cellebrite.com

Cellebrite Investors
Anat Earon-Heilborn
VP Investor Relations
+972 73 394 8440
investors@cellebrite.com

Chainalysis Media
Maddie Kennedy
Senior Director of Communications
media@chainalysis.com
Contact Chainaylsis

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Information on the total number of voting rights and shares

REGULATED INFORMATION

Information on the total number of voting rights and shares

Mont-Saint-Guibert (Belgium), June 30, 2022, 10:30 pm CET / 4:30 pm ET – In accordance with article  15 of the Law of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels and Nasdaq: NYXH) publishes the belowinformation following the issue of new shares.

  •  Share capital: EUR 4,438,351.16
  •  Total number of securities carrying voting rights: 25,836,279 (all ordinary shares)
  •  Total number of voting rights (= denominator): 25,836,279 (all relating to ordinary shares)
  •  Number of rights to subscribe to securities carrying voting rights not yet issued:
    •  55 “2016 ESOP Warrants” issued on November 3, 2016, entitling their holders to subscribe to a total number of 27,500 securities carrying voting rights (all ordinary shares);
    •  100 “2018 ESOP Warrants” issued on December 12, 2018, entitling their holders to subscribe to a total number of 50,000 securities carrying voting rights (all ordinary shares);
    •  490,500 “2020 ESOP Warrants” issued on February 21, 2020, entitling their holders to subscribe to a total number of 490,500 securities carrying voting rights (all ordinary shares); and
    •  1,385,125 “2021 ESOP Warrants” issued on September 8, 2021, entitling their holders to subscribe to a total number of 1,385,125 securities carrying voting rights (all ordinary shares).

For further information, please contact:

Nyxoah
Jeremy Feffer, VP IR and Corporate Communications
jeremy.feffer@nyxoah.com
+1 917 749 1494

Attachment

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Norway makes fishing vessel data accessible to the world

Norway to become first European nation to share its vessel tracking information on Global Fishing Watch map

Lisbon, Portugal, June 30, 2022 (GLOBE NEWSWIRE) — Norway has become the first country in Europe to partner with Global Fishing Watch—an international nonprofit organization dedicated to advancing ocean governance through increased transparency—and will share its vessel tracking data for the Norwegian fishing fleet on the organization’s public map.

The announcement was made at the second United Nations Ocean Conference in Lisbon, Portugal where countries from around the world are gathering to mobilize action and innovative solutions to some of the ocean’s most pressing threats.

Under the memorandum of understanding, which was signed between Global Fishing Watch and Norway’s Directorate of Fisheries, Norway has agreed to share the vessel monitoring system data for vessels 15 meters or more in length on the Global Fishing Watch map.

“Wild living marine resources are a common good and belong to everyone,” said Frank Bakke-Jensen, director general of the Directorate of Fisheries in Norway. “When a commercial fishing fleet is licensed to utilize this common good, we are obliged and committed to share fisheries data documenting the environmental footprint of commercial fishing activity. We hope that others will follow this approach and share more fisheries data.”

“We believe that improved transparency of fishing data is necessary to reduce the risk of illegal fisheries and set the groundwork for improved compliance,” said Thord Monsen, head of monitoring, control and surveillance at the Directorate of Fisheries.

The incorporated data will span a total of approximately 600 vessels—all vessels 15 meters in length or more predominantly operating in Norwegian waters and the northeast Atlantic Ocean. Norway is currently expanding its VMS requirement to include all commercial fishing vessels, as well as increasing the frequency that vessels need to report their position—a requirement which will be implemented over the coming years in a phased approach.

“We’re seeing more and more countries embrace fisheries transparency, demonstrating their understanding of just how essential public data is to the effective management of fishing activity,” said Tony Long, chief executive officer of Global Fishing Watch. “Norway has taken a leading global role in the sustainable ocean economy and is using its experience and expertise to promote better ocean governance. By bringing its fishing fleet into our map, Norway is paving the way for other countries, including developed nations, to follow suit.”

Since October 2019 Norway has shared its VMS tracking information on the Fisheries Directorate website in support of transparency and as part of an effort to make government data public whenever possible. The partnership with Global Fishing Watch will help make its vessel tracking data more accessible to a wider range of stakeholders—a substantial benefit in the sphere of international fisheries management.

With a coastline of more than 83,000 kilometers, including islands and fjords, the fishing sector is a key element to Norway’s economic, social and cultural identity. Norway is the second largest exporter of fish and fish products by value in the world and is home to some of the most productive marine areas in the world. An influential voice when it comes to fisheries issues and a leader on blue economy issues, Norway’s decision to partner with Global Fishing Watch and amplify its vessel tracking data demonstrates how fisheries transparency can be adopted in countries where fishing represents such a significant part of the economy.

“Data can be a powerful tool in protecting the environment, as we have seen in our work on climate change. The more data we have about the ocean, the better we can protect it and the people that rely on it. Norway’s commitment to making fishing vessel data accessible to the world – via Global Fishing Watch – is a great step forward for ocean transparency,” said Michael R. Bloomberg, Founder of Bloomberg Philanthropies and ​UN Special Envoy on Climate Ambition and Solutions. “Their commitment to data-sharing is a model other countries can follow, and it will help demonstrate the effectiveness – environmentally and economically – of sustainable fishing.”

Norway joins a growing number of progressive countries from around the world that are dedicated to advancing, and benefiting from, fisheries transparency, which include: Benin, Brazil, Belize, Chile, Costa Rica, Ecuador, Panama, Peru and the Republic of the Marshall Islands.

Global Fishing Watch is an international nonprofit organization dedicated to advancing ocean governance through increased transparency of human activity at sea. By creating and publicly sharing map visualizations, data and analysis tools, we aim to enable scientific research and transform the way our ocean is managed. We believe human activity at sea should be public knowledge in order to safeguard the global ocean for the common good of all. globalfishingwatch.org

Attachment


Sarah Bladen
Global Fishing Watch
+44 79 20333832
sarah@globalfishingwatch.org
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OKX launches Block Trading as latest innovation for institutional and pro crypto traders

  • Block Trading is OKX’s latest innovation designed to allow institutional and professional traders to transact in bulk, without the risk of price slippage
  • OKX offers the only block trading platform for crypto that integrates spot and derivatives trading while supporting futures, options, and perpetual swap trading

VICTORIA, Seychelles, June 30, 2022 (GLOBE NEWSWIRE) — OKX, the world-leading cryptocurrency platform, today launched Block Trading, which allows professional and institutional users to execute large, privately negotiated transactions off the order books.

OKX is the only crypto exchange to provide a block trading platform that allows investors to execute crypto spot, futures, options, and perpetual swap trades, as well as multi-leg combination trades, over the counter. When executing multi-leg trading strategies on the platform, traders benefit from competitive pricing and ease of use, including single-click atomic trade execution. Since trades are executed over the counter, traders avoid the risk of price slippage — the divergence of quoted sell price and actual sell price.

The OKX Block Trading platform is distinctive in that it allows users to integrate spot and derivatives trades on a single platform and trade multiple currencies in a single trade. It is also unique for its support of trading of perpetual swap, futures, and option contracts with popular altcoins, such as Solana (SOL), as the underlying. The platform allows for multi-leg combination trades, including future spreads, straddles and carry trades, among others.

Lennix Lai, Financial Markets Director, OKX, said, “As the crypto market matures and more professional and institutional investors enter it, OKX is introducing Block Trading to ensure these users have the tools they need to invest well. Block Trading on OKX allows investors to not only make large trades at more favorable prices, but to do so without the risk of their trading causing price slippage.”

To execute a block trade on OKX, traders first submit a request-for-quote (RFQ) that broadcasts their request to selected counterparties, who then offer a quote in response. If the trader accepts the quote, the trade is then executed off the order books via OKX’s trading engine. Investors can discover more about how OKX Block Trading works on OKX Learn.

Clément Florentina, CEO, Darley Technologies, said, “OKX has always been one of the most user-friendly exchanges for institutional traders like ourselves, with features like portfolio margin providing greater capital efficiency. Block Trading on OKX opens up additional opportunities for us to quote sophisticated, multi-instrument strategies, without the counterparty having to worry about slippage or execution.” Darley Technologies is a high-frequency trading firm that delivers market making and liquidity provision on a range of prominent exchanges.

Going forward, Block Trading on OKX will be expanded to offer bespoke strategies, further OTC products and integrations with Dei derivatives protocols.

OKX is the world’s most powerful crypto exchange for institutional traders, ranking second globally in derivatives trading volume. The platform was also the first to introduce portfolio margin mode for multi-currency margining with risk offsetting functionality, and offers 500+ spot pairs and 250+ linear and inverse perpetual swaps and futures contracts.

Find out more about OKX Block Trading here.

For further information, please contact:
Media@okx.com

About OKX
OKX is a world-leading crypto trading app and Web3 ecosystem. Trusted by more than 20 million global customers in over 180 international markets, OKX is known for being the fastest and most reliable crypto trading app of choice for investors and professional traders globally.

Since 2017, OKX has served a global community of people who share a common interest in participating in a new financial system that is designed to be a level playing field for everyone. We strive to educate people on the potential of crypto markets and how to invest and trade responsibly. Beyond the OKX trading app, our Web3 portal, known as OKX Wallet, is our latest offering for people looking to explore the world of DeFi, NFTs and the metaverse.

To learn more about OKX, download our app or visit: okx.com