CoinFLEX, Trading Technologies (TT) Partner to Deliver Stablecoin-to-Stablecoin Futures Contract
Cryptocurrency trading is taking the center stage across the world’s financial markets as more classes of assets and developments across the industry improve substantially.
The high rates of returns during the course of the year has also played a huge role in the adoption process. In addition to these factors, the industry is getting more accessible across the globe as more cryptocurrency institutions open up their platforms to more geographical locations and horizontal partnerships in the field.
Trading Technologies International Inc. (TT) announced a strategic partnership with CoinFLEX, the first ever platform to trade physical bitcoin futures. The partnership is set to open up CoinFLEX trading services to other geographical zones outside the United States. Professional retail and institutional investors outside the US will be able to trade futures through the TT platform.
Trading Technologies TT, is a trading platform spread across five continents allowing users to trade options, future and other assets fast and at a convenient price. The announcement further confirmed CoinFLEX users will be able to access to the world’s first physically delivered stable coin to stable coin futures contract, offering Tether (USDT) against Circle’s USD Coin (USDC). Other cryptocurrency pairs including Bitcoin, Ethereum and Bitcoin Cash.
The exchange, formerly known as CoinfloorEX, offers users with a liquid and high leverage trading platform to hedge bitcoin exposure with zero index or settlement manipulation risk.
CoinFLEX CEO speaks on the partnership
CoinFLEX is a Singapore based exchange registered in the Seychelles for regulatory purposes. The exchange is focused on providing an efficient, cheap and user friendly platform for retail investors, commercial hedging strategies for institutions, miners, OTC trading desks and global proprietary trading firms.
The firm’s partnership with TT trading platform allows the company to expand its physical bitcoin futures platform across the globe.
The CEO of CoinFLEX, Mark Lamb, spoke on the partnership with Trading Technologies International Inc. saying,
“Together with our technology partner Trading Technologies, we are excited to deliver a robust trading and charting solution to the retail trader market.”
He further commented on the benefits of CoinFLEX saying the partnership will introduce the CoinFLEX trading platform to already existing retail and institutional investors using the TT trading platform.
Trading Technologies CEO speaks on the partnership
Trading Technologies is a global trading platform that develops trading software, infrastructure and data solutions for both retail and institutional customers. The company deals with trading options, futures, commodities and recently introduced cryptocurrencies on the platform. The partnership with CoinFLEX is an opportunity to widen its scope towards trading digital asset futures.
Michael Unetich, VP of Cryptocurrencies at Trading Technologies, is delighted with the latest partnership with CoinFLEX and expects it to ease the trading activities of customers outside the U.S. CoinFLEX offers a gateway to users on TT trading platform who want to diversify their crypto portfolio and differentiate their trading strategies.