[ad_1]
Caspian, the institutional and portfolio management platform backed by Galaxy Capital, launches trading in cryptocurrency derivatives.
Caspian announced Wednesday that it has integrated its platform on the Deribit stock exchange to offer futures and options transactions on cryptographic badets.
Deribit offers futures and options for bitcoin (BTC) and ether (ETH), as well as another perpetual exchange product against bitcoin. The stock market does not charge deposits and withdrawals and "up to 100 times the leverage," Caspian said.
Robert Dykes, CEO of Caspian, said:
"Our goal at Caspian is to provide cryptographic traders and investors with the same standards of tools and services as traditional markets."
The Caspian platform is connected to Deribit via an application programming interface (API) that supports "high volumes with ultra-low latency" and provides traders with access to the backlog of applications. Deribit's complete options, said Caspian.
Caspian is a joint venture between Kenetic Capital, a Hong Kong based cryptocurrency investment company, and the US trading company Tora.
The project generated $ 16 million in financing through a symbolic presale last September, with support from Kenetic Capital, Galaxy Capital, Octagon Strategy, Global Advisors, and others.
At the time, David Wills, CEO of Kenetic Capital, described Caspian as a "frictionless access ramp for crypto traders".
In 2017, the Chicago Council Options Exchange (CBOE) and CME Group the two famous term product launches.
Financial Markets Technology Platform LevelTradingField launched an exchange of cryptocurrency derivatives last August using the Ethereum blockchain. And, in December, exchange cryptocurrency OKEx has launched a bitcoin derivative product with no expiry date, which means that positions can be held indefinitely.
Screenshot image via Shutterstock
Source link
