A Chicago trading tech firm is partnering with BitMEX to unleash crypto derivatives on professional traders
April 16, 2019, 8:24PM EDT
1 min read
Trading Technologies, a Chicago firm that offers a platform to trade derivatives, equities, and crypto, announced Tuesday a partnership with BitMEX that would allow its users to trade crypto perpetual swaps alongside other cryptocurrency assets on its platform.
"Through the partnership, TT’s users who are eligible to trade at BitMEX now have access to all BitMEX products, including its flagship XBTUSD Perpetual Swap, through the TT platform," Trading Technologies said in a blog post. Already, TT's platform provides professional and day traders the ability to trade bitcoin futures on U.S.-based exchanges like CME and Cboe as well as the cryptocurrencies offered on Coinbase. Perpetual swaps, a unique product in crypto, provide a way to essentially synthetically trade underlying crypto assets.
“This collaboration with BitMEX brings our award-winning trading software to a much broader cryptocurrency market," said Rick Lane, CEO of TT, in a statement. "We expect this partnership will grow trading volume on BitMEX, not only through our existing clients who want access to cryptocurrencies, but also through new users keen to leverage professional trading software and enjoy better trading experiences."
Adidas Originals, a brand of the German sportswear clothing firm Adidas, announced a partnership with the crypto exchange Coinbase in a Wednesday tweet. Details about the partnership are scant, however.