Finery Markets, a leading provider of non-custodial crypto ECN and SaaS trading solutions, has announced a strategic partnership with Cape Town based OVEX, a mission-driven leader in cross-border payments across Africa.

Under the agreement, OVEX will serve as Finery Markets’ exclusive partner for African rails, establishing OVEX as the dedicated access point to African markets within Finery Markets’ global network.

Finery Markets’ technology now powers institutional-grade liquidity provision for $450M in monthly trading volume across more than 150 digital assets in 26 African countries. The partnership will drive institutional adoption in Sub-Saharan Africa, a burgeoning region with advanced regulatory frameworks that has become the third-fastest growing market for on-chain value in 2025.

Finery Markets is the first—and remains the only—crypto ECN technology provider offering all-in-one institutional infrastructure with RFQ, order book, and quote stream trading methods from a single connection point. Through a streamlined go-to-market setup, OVEX will enable seamless price distribution to counterparties across Africa, connecting them to global crypto capital markets.

With stablecoins representing 43% of crypto transaction volume in Sub-Saharan Africa in 2024, institutional access to large-block trading in local currencies is rising. OVEX’s deep liquidity across key local pairs — including the Ghanaian cedi (GHS), Kenyan shilling (KES), Nigerian naira (NGN), Tanzanian shilling (TZS), Central African CFA franc (XAF), West African CFA franc (XOF), and South African rand (ZAR) — enables institutions to scale their activity across the continent.

Konstantin Shulga, CEO of Finery Markets said,

“We are incredibly pleased to welcome OVEX, a key player in the African digital assets market, to our ecosystem. It gives our clients an upper hand in scaling their liquidity provision operations globally, backed by trusted institutional-grade setup. As stablecoins become a critical layer in digital finance, our partnership delivers enterprise rails to a market where adoption is accelerating at unprecedented speed and scale.”

OVEX CCO Salman Allana said,

“At OVEX, we’re focused on building the financial infrastructure that connects Africa to global digital asset markets. Finery Markets’ ECN technology allows us to instantly scale price distribution across institutional counterparties. This partnership is a deliberate step in our broader mission to provide African market players with world-class trading infrastructure.”

About Finery Markets

Based in Limassol, Cyprus, Finery Markets is a leading ICT solutions provider for institutional digital asset trading, offering a non-custodial crypto ECN and trading SaaS. The company’s hybrid, crypto-native ECN technology enables trading via order book, RFQ, or quote streams. Launched in 2019, Finery Markets has surpassed $50B in cumulative trading volume and serves 150 institutional clients across 41+ countries, including payment providers, brokers, OTC desks, hedge funds, and custodians.

About OVEX

OVEX is a mission-driven fintech redefining cross-border settlement across Africa and beyond.

Powered by deep liquidity and robust on- and off-ramps across African and major global currencies, OVEX has built the institutional-grade infrastructure advancing cryptocurrency as the prevailing settlement layer. The result is faster, more efficient, and cost-effective global payments for African institutions.