Algorand Partners with XBTO to Enhance Liquidity in ALGO Markets

Algorand has partnered with XBTO, a global institutional digital asset manager, to improve liquidity for the ALGO token by appointing them as a market maker. This collaboration will ensure a deep and consistent supply of buy and sell orders on both Tier-1 and Tier-2 exchanges. XBTO’s utilization of Algorand’s high-speed blockchain facilitates efficient USDC transfers between various wallets for treasury operations and rebalancing. XBTO, known for its selective approach to partnerships, has chosen to partner with Algorand based on their technology’s strength and the team’s commitment to innovation.