Coinbase Teams With Trading Technologies Int’l For Bitcoin Futures Platformbr>
Coinbase, the largest US cryptocurrency exchange, is joining forces with Trading Technologies International, a Chicago tech provider for banks, market-makers and trading shops, to create a platform to trade bitcoin and futures.
The new venture is expected to launch in March. Trading Technologies International (which goes by TT) provides tools that allow trading cash against futures in other markets. The new platform will help boost the bitcoin futures sector, which just started. Having the tools side-by-side will allow traders to execute more sophisticated deals, such as spread trades.
Volumes on CBOE and the CME Group bitcoin futures platforms have so far been low, as institutional investors have been wary of the sector, given its volatility.
The new platform marks the third for Coinbase, joining its existing GDAX, used by instituational and large investors.