Cypator Inc
Cypator Inc operates a non-custodial, execution-only Electronic Communication Network (ECN) for institutional crypto trading, connecting 20+ liquidity providers with banks, brokers, and funds via FIX and WebSocket APIs. Founded 2022, the company has processed $6B+ in volume across 3M+ trades through its white-label OTC desk and ECN infrastructure.
- Company typePrivate
- Founded2022
- HeadquartersBoca Raton, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Cypator Inc does
Cypator Inc is a privately held institutional digital asset trading infrastructure company founded in 2022 and headquartered in South Florida (Miami and Boca Raton), with engineering operations in Tel Aviv through Cypator Technologies Ltd. The company operates a non-custodial, execution-only Electronic Communication Network (ECN) for institutional spot crypto trading, connecting 20+ liquidity providers with 25+ active institutional takers via FIX and WebSocket APIs. The platform has processed $6 billion+ in cumulative trading volume and 3 million+ trades as of June 2025, with 50+ additional institutions in advanced contract discussions.
The technology stack is built for low-latency institutional trading, with sub-7 microsecond match times powered by Kubernetes, Kafka, and Kryo, and regional AWS deployments in Tokyo, London, and Virginia. Core products include the Crypto ECN, a Smart Order Router for best execution, an integrated Central Limit Order Book (CLOB) Matching Engine, an Execution Management System (EMS), and white-label OTC Desk infrastructure. A ChatTrader add-on integrates Telegram, WhatsApp, Viber, and Slack into the EMS for one-click quoting and automated back-to-back hedging. Settlement, clearing, KYC, and credit management are delegated to prime broker Hidden Road, allowing Cypator to operate as a non-custodial execution layer without broker/dealer conflict.
Cypator monetizes through three revenue streams: SaaS/platform subscriptions for white-label OTC desk deployments (with an option for clients to own the code), transaction-based fees on ECN trading volume, and professional services for custom integrations, workflows, and analytics. Go-to-market combines direct enterprise field sales to banks, brokers, and institutional funds with channel distribution via technology integrators (Gold-i's MatrixNET for retail brokers; CryptoStruct for algo traders). Pricing is quote-based with annual contracts, except for ChatTrader which offers a one-month free trial. The company is bootstrapped with no disclosed funding rounds and is founder-led by CEO Ayal Jedeikin and CTO Nimrod Kaplan.
Cypator Inc firmographics
Firmographics- Name
- Cypator Inc
- Legal name
- Cypator, Inc.
- Website
- https://cypator.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Cypator Inc operates a non-custodial, execution-only Electronic Communication Network (ECN) for institutional crypto trading, connecting 20+ liquidity providers with banks, brokers, and funds via FIX and WebSocket APIs. Founded 2022, the company has processed $6B+ in volume across 3M+ trades through its white-label OTC desk and ECN infrastructure.
- Ownership category
- akta.pro rank
Cypator Inc industry classification
Industry- Product category
- Institutional Crypto Trading Infrastructure
- NAICS
- Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Market Making & Liquidity Provision (FSADAJAC)
- akta.pro secondary industries
- OTC Spot Trading & Block Execution (FSADAJAB), OTC Desks & Block Trading Networks (FSAPADAH), Liquidity Aggregation & Smart Order Routing (FSADAJAD), Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)
Keywords
Where Cypator Inc is headquartered
LocationHeadquarters
- HQ city
- Boca Raton
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Cypator Inc business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- SaaS/Platform Subscription: Subscription-based SaaS model for OTC desk infrastructure providing white-label trading solutions with full-service support. SAAS model with an option for select clients to own the code and continue developing the solution themselves.
- ECN Trading Fees: Transaction/usage-based fees for ECN trading network access, connecting makers and takers with 20+ liquidity providers.
- Custom Solutions: Custom integrations, workflows/AI, dashboards/reporting, and analytics development services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free Trial - 1 month access to Chat Trader |
| Subscription | Annual | Enterprise Version - Flexible pricing for teams |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Cypator Inc product offering
Product offeringCore offering
Cypator provides institutional-grade digital asset trading infrastructure for OTC desks and institutional traders, including a white-label OTC Desk Solution with branded UI and Execution Management System (EMS), a Crypto Electronic Communication Network (ECN) connecting 20+ liquidity providers via single API integration (FIX, WebSocket), and ancillary components such as a Smart Order Router, CLOB matching engine, ChatTrader messaging integration, real-time credit and balance monitoring, and custom integrations and AI workflow development.
Product overview
Cypator provides institutional-grade digital asset trading infrastructure through a unified platform with two primary product lines: OTC Desk Solution (white-label trading infrastructure with branded UI, EMS, and real-time credit monitoring) and Crypto ECN (Electronic Communication Network for anonymous institutional trading). The platform is built around core components including Smart Order Router, CLOB Matching Engine, and ChatTrader chat integration module. Additional capabilities include Custom Solutions for bespoke integrations, workflows with AI agents, and analytics dashboards. The architecture combines 20+ liquidity provider integrations with regulatory-ready infrastructure across global data centers.
Differentiator
Problem solved
Functional benefit
Products and services
- OTC Desk Solution White-label, fully branded trading infrastructure for OTC desks, including branded UI, robust backend, complete workflows for client and internal trading support, and full self-service admin capabilities.
- Execution Management System (EMS) Execution management solution supporting streaming prices via API or GUI dashboard, RFQ functionality, and manual deal entry for institutional trading operations.
- Crypto ECN (Electronic Communication Network) Institutional-grade ECN connecting Makers and Takers for anonymous spot crypto trading with deep liquidity, sub-7 microsecond match times, and settlement via regulated prime brokers.
- ChatTrader Chat integration module connecting Telegram, WhatsApp, Viber, and Slack clients directly to the EMS for one-click quoting and execution, with integrated back-to-back hedging and full compliance auditability.
- Custom Solutions Bespoke development including custom integrations with surveillance, liquidity, settlement, and reconciliation systems; custom workflows and AI agents; and tailored dashboards and analytics reporting for institutional clients.
Quantifiable outcome
- 90% faster time-to-market compared to traditional models
- +4 more outcomes
Companies that use Cypator Inc
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles3 records
Cypator Inc technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability1 record
Feature5 records
Cypator Inc partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Gold-iminorUK fintech partnership integrating Cypator's institutional crypto liquidity into Gold-i's MatrixNET liquidity management platform. Extends Cypator's reach to retail brokers, offering tighter spreads, broader cryptocurrency selection, and seamless execution through institutional infrastructure.
- FinchTradecoreSwiss-based crypto liquidity provider partnership enhancing OTC trading through Cypator's ECN. FinchTrade gains access to broader counterparty pool, bilateral trading support, custodian-based workflows, and prime brokerage settlement. Strengthens European market presence.
- CryptoStructcoreAlgorithmic trading platform partnership integrating Cypator's ECN access into CryptoStruct's high-performance trading software. Enables seamless access to institutional-grade liquidity, faster onboarding for market makers, and efficient execution tools for algorithmic crypto trading.
- Hidden RoadcorePrime broker partnership for settlement and clearing. Hidden Road handles KYC, credit, and clearing for all trades, ensuring regulatory compliance and risk management. Cypator operates as execution-only ECN while Hidden Road provides prime brokerage services.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Cypator Inc competitors and assessment
Company assessmentBroad incumbents
- Wintermute: Wintermute is a leading global crypto market maker and liquidity provider operating across centralized and decentralized venues. It functions as a maker on Cypator's ECN but also operates its own OTC and algorithmic trading services for institutional clients.
- Galaxy Digital: Galaxy offers institutional crypto trading, asset management, and infrastructure services. Its trading desk competes for institutional OTC and block-trading flow that Cypator's ECN targets.
- Cumberland (DRW): Cumberland is the crypto trading arm of DRW, one of the largest institutional liquidity providers. It operates as a market maker on institutional venues and competes with Cypator's network of liquidity providers, though it is a principal trader rather than an ECN operator.
- FalconX: FalconX is a large institutional digital asset prime brokerage offering trading, credit, and custody. While broader in scope (custodial + credit), it competes with Cypator's ECN for institutional OTC flow and liquidity aggregation.
- OSL (BC Group): OSL is a licensed digital asset platform providing institutional brokerage, custody, and trading infrastructure. It competes with Cypator in serving institutional OTC and ECN trading needs in regulated markets.
- Coinbase Institutional: Coinbase Institutional provides prime brokerage, custody, and trading for institutions, including OTC and ECN-style liquidity. It is a much larger incumbent with broader scope but competes for the same institutional flow Cypator serves.
Direct peers
- B2C2: B2C2 is one of the largest institutional crypto liquidity providers and OTC desks, acquired by SBI Holdings. It competes with Cypator's liquidity providers for institutional block trades and electronic execution flow.
- FinchTrade: FinchTrade is a Swiss-based institutional crypto liquidity provider that has integrated with Cypator's ECN. It provides bilateral OTC trading and prime brokerage settlement, overlapping directly with Cypator's institutional services.
- Gold-i: Gold-i is a UK fintech whose MatrixNET liquidity management platform integrates Cypator's institutional crypto liquidity. Both serve brokerages needing multi-asset liquidity aggregation, making them complementary channel partners and near peers.
- Hidden Road (acquired by Ripple): Hidden Road is Cypator's prime broker partner providing settlement, clearing, and credit services for ECN trades. It also operates as a credit network for institutional crypto, making it both a partner and adjacent institutional infrastructure competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Cypator Inc social profiles
Digital presenceCypator Inc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cypator Inc leadership team
Management profileNumber of profiles
Profiles4 records
Cypator Inc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cypator Inc M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cypator Inc
What does Cypator Inc do?
Cypator provides institutional-grade digital asset trading infrastructure for OTC desks and institutional traders, including a white-label OTC Desk Solution with branded UI and Execution Management System (EMS), a Crypto Electronic Communication Network (ECN) connecting 20+ liquidity providers via single API integration (FIX, WebSocket), and ancillary components such as a Smart Order Router, CLOB matching engine, ChatTrader messaging integration, real-time credit and balance monitoring, and custom integrations and AI workflow development.
Is Cypator Inc a public or private company?
Cypator Inc is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cypator Inc founded?
Cypator Inc was founded in 2022. It employs 1 to 10 people.
Where is Cypator Inc based?
Cypator Inc is headquartered in Boca Raton, United States, in the North America region.
How does Cypator Inc make money?
Three revenue lines are on record. SaaS/Platform Subscription is the primary driver. The others are ECN Trading Fees and custom Solutions.
Who are Cypator Inc's main competitors?
Broad incumbents on record are Wintermute, Galaxy Digital, Cumberland (DRW), FalconX, OSL (BC Group) and Coinbase Institutional. Direct peers are B2C2, FinchTrade, Gold-i and Hidden Road (acquired by Ripple).
Does Cypator Inc have an API?
Yes. Cypator provides API connectivity via FIX and WebSocket protocols for anonymous trading access to the ECN. The platform supports streaming prices via API, RFQ (Request for Quote) functionality, and manual deal entry through APIs. REST APIs are available for live settlement updates. Single API integration connects clients to 20+ market makers.
What industry is Cypator Inc in?
Cypator Inc's product category is Institutional Crypto Trading Infrastructure. Its primary akta.pro industry code is FSADAJAC, Market Making & Liquidity Provision, with a secondary code of FSADAJAB, OTC Spot Trading & Block Execution. Its NAICS code is 523210 and its SIC code is 6200.