Ultimate Guide to Trading High-volume Crypto with Utila

Managing large volumes of digital assets demands a secure, flexible, and efficient trading platform for institutions in the crypto ecosystem. Traditional methods often fall short, exposing institutions to unnecessary risk and operational inefficiencies.

This is where Utila comes in, offering a robust MPC wallet solution tailored for high-volume crypto trading. Today, we serve over 50+ institutional customers across the globe and have secured over $4 billion in transactions in the past seven months alone. 

This guide is for any institution looking for a secure and robust platform to carry out their high-volume crypto trading.

We enable you to manage your trading operations securely from self-custodied MPC wallets backed by a robust policy engine, with risk management, asset tracking, and exchange connectivity.

Challenges in High-Volume Crypto Trading

Institutions and investors are looking for digital asset custodians that can provide the same kind of services and protection that they’ve enjoyed for traditional assets such as cash, stocks and bonds. Those services include secure storage and the ability to perform transaction operations on their digital assets. 

Furthermore, institutions dealing with substantial crypto funds face unique challenges when it comes to trading effectively and securely:

Security

Traditional single-key wallets and even multi-sig solutions can leave organizations vulnerable to sophisticated attacks and internal breaches. Leading custody providers are now implementing MPC architecture to offer a superior level of security by eliminating the single point of failure. 

MPC splits a private key into “key shares” distributed across multiple devices. This means that even if one device is compromised, the entire key cannot be reconstructed, safeguarding against theft. A predetermined threshold of these shares must be combined to authorize transactions, providing sterner protection against outsider and insider threats.

Multi-Blockchain Support

Managing trading strategies across various exchanges and DeFi platforms across multiple blockchains requires a flexible and adaptable system. While some platforms are monolithic and support only one network, custody providers supporting a wide array of blockchains give their clients additional flexibility to conveniently manage their assets as they deem fit over multiple networks.

Usability

The ideal platform for managing high-volume crypto transactions should be intuitive and user-friendly, empowering finance teams to handle complex operations without extensive technical expertise. This includes the handling of:

• On/Off-Ramps: This helps to move funds between fiat and crypto easily. Intuitive on/off-ramp functionality makes it straightforward to convert fiat currency to crypto and vice versa, facilitating efficient portfolio management and liquidity.
• dApp Connection: This is an important attribute as the trader will have to connect with various DeFi protocols to use them.
• Payments: Crypto payments to vendors, partners, or employees should be easily handled. The platform should streamline payment workflows, allowing for secure and efficient funds transfer.
• Automation: We can reduce manual workloads and minimize human error by automating repetitive tasks. Automation can be made possible through the platform’s API. It could be used to handle tasks like scheduling recurring payments, automatically enforcing spending limits, or triggering specific actions based on predefined rules.

Efficiency

Managing approvals, tracking transactions, and enforcing risk management policies across large volumes calls for a streamlined workflow enabled by an intuitive and easy-to-use platform. For institutional investors, this simplicity translates into greater operational efficiency as less time and effort are required to manage a portfolio of digital assets.

Transparency

Clear and transparent pricing plans are essential for institutions to effectively manage costs and make informed decisions, especially as their holdings become more complex, involving more frequent transactions and multiple digital assets. Beyond just pricing, institutions need complete transparency into their operations.

A detailed transaction log allows for the verification of every action taken within the vault. Additionally, clearly defined admin policies create transparency around approval processes, user roles, and spending limits, ensuring accountability and building trust among stakeholders. This level of openness is invaluable for institutional investors who demand a clear understanding of how their assets are being managed.

How Utila MPC Wallet Enhances High-level Crypto Trading

Utila addresses these challenges head-on with its comprehensive suite of features, built around a secure MPC wallet designed to empower institutional investors with the security, control, and flexibility they need to thrive and 10x their outputs.

These are some of Utila’s features:

Unified Tracking

Track all your assets on one single platform. Get a consolidated view of all your crypto holdings across wallets, exchanges, and DeFi in one place. You can also track transactions, performance and export current and historical vault balances for a complete picture of your portfolio.

Self-custody with MPC wallets

Eliminate counterparty risk and maintain full control over your assets with secure, self-custodied MPC wallets. Unlike multisig wallets, MPC wallets easily allow for growth and change, ​​giving institutional investors additional flexibility and security options. 

Granular Controls

Enterprises can set custom approval flows based on amounts, users, exchange accounts, etc. They can also define and enforce transaction rules and limits for risk management purposes.

Exchange account & Sub-account Integration

Connect your favorite exchange accounts and sub-accounts. Deposit and withdraw funds from exchanges and move funds seamlessly between your exchange accounts and wallets – all from a single, secure platform and subject to a robust governance framework.

Simplified Whitelisting

Utila allows you to eliminate the worry of accidental transfers to unauthorized addresses as you can easily create and manage a whitelist of trusted addresses and counterparties. This ensures that funds can only be sent to approved destinations, greatly reducing the risk of human error or fraudulent activity. By pre-approving trusted recipients faster and more secure transactions can be guaranteed.

Role-Based Access Control

By designating specific user roles and permissions clients can  grant granular access to platform functionalities and maintain a clear chain of command within their organizations.

Flexible Quorums

With Utila, you can establish granular control over transaction approvals,  designate specific quorums and implement approval workflows tailored to your organization’s security policies. Clients can also require different approval thresholds based on various factors, such as the user initiating the transaction, the amount being transferred, the specific DApp or blockchain, or the perceived risk level. 

This flexibility ensures that critical transactions receive the appropriate level of scrutiny and authorization.

Automated Transaction Signing with API

Utila enables you to automate repetitive transactions, freeing up valuable time and resources. You can also streamline workflows by automating transactions and using our secure API co-signer for signing.

Effortless DeFi & Web3 Interaction

Utila bridges the gap between traditional finance and decentralized applications. Interact with any Web3 or DeFi protocol directly from Utila’s secure platform, eliminating the need to juggle multiple tools and interfaces. 

Manage your DeFi investments, participate in liquidity pools, and execute complex transactions with ease and confidence, all within a secure and unified environment.

Seamless Integrations

Utila understands that institutional crypto operations often require integration with existing financial systems and compliance protocols. That’s why Utila offers seamless integrations with leading accounting platforms, allowing for streamlined financial reporting and comprehensive portfolio monitoring. Additionally, integrate with top-tier KYC/AML providers to automate security risk assessments for on-chain activities, ensuring compliance and minimizing exposure to fraud.

Flexible Vault Management

Choose the level of control that best suits your needs. You can manage your vaults directly through self-custody or opt for LP custody solutions.

DeFi Positions

Managing decentralized finance (DeFi) investments just got a lot easier with Utila’s new feature, DeFi Positions. This tool is perfect for traders and institutions. It brings all your open DeFi positions across multiple protocols into one easy-to-use view, making it much simpler to track and monitor everything.

Key Features of DeFi Positions:

• Aggregated Portfolio View: Utila’s DeFi Positions feature combines all your DeFi holdings from different wallets and protocols into one clear portfolio view. You can see exactly where your crypto assets are and understand your risk across all defi activities, like lending, staking, or yield farming.
• Multi-Protocol Support: Utila supports many different protocols on EVM, Solana, and Cosmos blockchains. No matter where your DeFi activities take place, Utila tracks your positions, giving you a complete overview.
• Granular Insights: Get detailed information about each DeFi position. This feature breaks down your activities by type and shows your token holdings and USD position sizes, helping you understand your portfolio better.
• Effortless P&L Tracking: Easily track the performance of your DeFi investments with clear profit and loss analysis for each position. This makes it simple to see how well your strategies are working without needing extra paid tools.
• Advanced Reporting: Create historical reports to gain insights, analyze performance, and track activity over time. This helps you optimize your DeFi strategy based on readily available comprehensive data.

Note: Are you ready to experience the ease and efficiency of Utila’s DeFi Positions feature? Contact us to schedule a demo!

Customer Success Story

Psalion, a leading investment firm led by Loan Venkatapen, Co-Founder and Chief Investment Officer, faced challenges managing its growing crypto portfolio across multiple exchanges and DeFi protocols. 

Loan Venkatapen, researched and tested a variety of leading solutions at the time. Initially, they could meet his needs, but this began to diminish. Early on, they tested several other MPC custody and DeFi access solutions but saw increasingly less service and DeFi roadmap reliability over time. Psalion began to look for nimbler, more reliable solutions.

Utila provided Psalion with the security, flexibility, and efficiency it needed to run its business operations in the crypto market conveniently.

Loan Venkatapen states:

“Utila’s simple DeFi access, nimbleness when adding DeFi support for new chains and service levels have improved our ability to maximize client growth and returns in the DeFi space. Utila’s reliability, fast support and on and off-ramping integrations were a major improvement over our previous solutions.“

The Utila team’s energy, persistence and responsiveness gave Psalion little doubt that they finally found the ideal yet nimble, DeFi infrastructure solution.