Caspian, A Galaxy Capital-Supported Portfolio Manager Platform, Starts Offering Derivatives Trading
Caspian, A Portfolio Management Platform Backed By Galaxy Capital Starts To Offer Derivatives Trading
A portfolio management platform called Caspian, which was backed by Galaxy Capital, has recently affirmed that it is ready to start offering the trading of crypto derivates on its platform.
Futures and options will start to be offered as the company has integrated its own platform with the one from Deribit, which already offered these services. Deribit is known for offering futures and options for the two most important tokens in the market, Bitcoin (BTC) and Ethereum (ETH). The company also provides perpetual swaps for BTC and leverage of up to 100 times for trading.
According to the CEO of Caspian, Robert Dykes, the goal of the company is to provide the traders with tools that they could also find in more traditional markets, which would make the service be more reliable and professional for them. An API will also connect Caspian and Deribit and the clients will have full access to the volumes of both companies and their order book, according to Caspian.
Caspian is a company that was created in a joint venture between Tora, a U. S.-based trading company and Kenetic Capital, a crypto investment firm from Hong Kong. The company was able to raise $16 million USD last year via a token sale, which has seen the backing of companies like Galaxy Capital, Kenetic Capital, Global Advisors, Octagon Strategy and others.
The main idea is to offer a complete experience which will put together portfolio management, several tools, and algorithms.
Deribit was originally launched in 2016, after being in development for several years. It was founded by John Jansen. The platform, which was originally based in Amsterdam, offered futures and options for Bitcoin.
At the moment, the company boasts the title of being the only exchange in the world to offer settled options on ETH in the “European style”.