Talos, a provider of institutional trading technology for digital assets, announced its integration with futures exchange Coinbase Derivatives, LLC.
The integration expands the avenues available to a growing number of institutional investors seeking to gain exposure to digital assets within a trusted and regulated framework.
“Derivatives markets are an important component of the digital asset ecosystem for institutions seeking safe, liquid and increasingly regulated trading venues,” said Daniel Packham, Vice President and Head of EMEA Operations at Talos, who oversees the Talos provider network. “We’ve seen a lot of interest and growth in our derivatives business, and our integration with Coinbase Derivatives will expand the universe of regulated futures that customers can access using the Talos platform.”
Coinbase Derivatives allows trading of bitcoin (BTC) and ether (ETH) futures by institutional clients. The exchange’s 1 BTC and 10 ETH futures contracts are designed to meet the needs of institutional investors, offering an efficient tool to manage exposure to the cryptocurrency market without the complexity of directly holding the underlying digital assets. Coinbase Derivatives also offers retail nano-sized contracts at 1/100th BTC and 1/10th ETH.
“We are pleased to integrate with Talos and leverage their trading platform to help bring our institutional bitcoin and ether futures contracts to a wider audience,” said Boris Ilyevsky, Head of Coinbase Derivatives. “We share a common goal to promote a more open and accessible financial system through the power of digital assets, and institutional adoption will be a driving force.”
With multiple institutional use cases, derivatives are an important entry point for institutions to participate in digital asset markets. Talos clients will be able to incorporate the future liquidity of Coinbase derivatives into their trading strategies through the use of advanced algorithms, including the Talos Multileg algorithm that helps traders implement complex trading strategies.