BitMEX and Trading Technologies to Launch XBTUSD Perpetual Swaps for Crypto, Derivatives and Equities
Having trading opportunities for both current and new investors is crucial to keeping a crypto business going. Trading Technologies International, Inc. offers high-performance professional trading software, along with data solutions and infrastructure, to companies around the world.
In a new annoucement, reported by The Block, the company has chosen to partner with BitMEX’s owner, HDR Global Trading. The partnership will allow Trading Technologies to provide their trading tools to crypto derivatives traders through the platform.
CEO of BitMEX, Arthur Hayes, commented that both his company and Trading Technologies have the same goal, which is to offer “innovative financial products and a seamless experience for both sophisticated traders.”
The combination of the technology that each of these companies offer will allow BitMEX to provide services to clients with Trading Technologies and will also allow BitMEX to pursue their goals of launching innovative products.
Any TT user that is eligible for BitMEX trading will be able to use any of the products that BitMEX offers, along with the XBTUSD Perpetual Swap. Presently, BitMEX provides the most-liquid market for XBTUSD worldwide, featuring 1500% more Bitcoin-to-USD liquidity than the next-most liquid competitor.
Chairman and CEO Rick Lane of Trading Technologies said that the collaboration allows the company to dedicate their software to a bigger audience inside the bitcoin ecosystem. They believe that being involved with BitMEX will increase their trading volume with their current clients and new investors.
BitMEX’s volume has made it one of the largest exchanges in cryptocurrency, and they have expressed interest in expanding the platform this year, which could give it an advantage over rival Deribit.
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