Orbit Markets Receives Credit Rating Upgrade from Credora, Recognized for Financial Transparency and Strong Performance
May 07 2024 - 8:26AM
Business Wire
Orbit Markets, a leading market maker of options and structured
derivatives in digital assets, is proud to announce that it has
been awarded a credit rating upgrade to BB from Credora, a
reputable credit rating platform.
In a recent report released by Credora, Orbit was commended for
its transparency and diligent delivery of financial information
month over month since July 2022. Credora noted that "the documents
Orbit provides have sufficient detail and notes for a comprehensive
financial analysis".
The upgrade follows a rigorous evaluation process, utilizing
both real-time data and static financial information, across
various technological integrations. The evaluation affirmed Orbit’s
alignment with its communicated strategies, low directional
exposure, and commitment to prudent risk management practices.
The BB rating places Orbit among the top 12% of its peers rated
by Credora, affirming its position as a leader in the industry.
Credora also highlighted Orbit’s strong performance, noting that
"Orbit produced some of the highest returns in the peer group."
Notably, Orbit has delivered positive returns in every single month
over the past 12 months, showcasing its strength and resilience
across various market environments.
"We are thrilled to receive this upgrade from Credora, which
demonstrates our financial excellence and provides assurance to our
counterparties, investors and partners," said Caroline Mauron, CEO
of Orbit Markets. "We look forward to leveraging this upgrade to
drive further growth."
About Orbit Markets:
Orbit Markets is a leading market maker of digital asset options
and structured derivatives. Headquartered in Singapore, we serve
institutional clients with a comprehensive suite of derivative
products, encompassing vanilla options, exotic options, and
structured derivatives across a broad range of digital payment
tokens. Our services include facilitating bespoke over-the-counter
transactions and providing liquidity on exchanges and trading
venues. For more information, visit orbitmarkets.io
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For media inquiries: Jimmy Yang info@orbitmarkets.io