Caspian, a “full-stack” cryptocurrency trading, portfolio and risk management network for professional (or accredited) investors, has announced that it has “integrated its platform” with Deribrit, a digital asset futures and options exchange.
Notably, Caspian’s and Deribrit’s partnership involves the launch of one of “the first institutional platforms” that provide both futures and options trading for cryptoassets. At present, Caspian is reportedly working with more than “30 [other] major crypto exchanges and liquidity providers.”
Bitcoin, Ether Options And Futures Trading Via Single Interface
According to the announcement’s press release, Caspian’s digital asset trading desk and portfolio management platform consists of a set of proprietary trading tools - including “OEMS, PMS, and RMS” - that ensure the smooth execution of the “entire lifecycle of a trade.” As noted in the press release, Caspian’s platform is among the first to feature an options and futures trading desk that users can access through a single user interface.
Moreover, Caspian’s proprietary technology allows users to seamlessly “connect into all major crypto exchanges and over-the-counter (OTC) brokers.” Leveraging a “complete suite” of advanced trading algorithms, Caspian’s trading platform has been developed to facilitate “real-time and historical P&L”-based trades, in addition to providing “exposure tracking” and a customer service support desk.
Established in 2016, Deribit offers a “highly liquid marketplace” for bitcoin (BTC) futures and options trading. Deribit also allows users to make withdrawals and deposits on its exchange at no cost. Additionally, Deribit provides its ether (ETH) options and futures contracts and its own perpetual swaps. Traders on Derbit’s platform can also use “up to 100x leverage” at relatively low trading fees.
As mentioned in the announcement, the Caspian platform “connects to Deribit through an advanced API” which has been designed to enable “high volumes [and] low latency.” Clients are provided access to Deribit’s “full options order book.”
Providing Crypto Trading Tools That Are Comparable To Traditional Markets
Commenting on the partnership, Robert Dykes, the CEO of Caspian, remarked:
We are excited to be working with Deribit to make the trading of crypto options and futures possible within the institutional community. Our goal at Caspian is to provide crypto traders and investors the same standard of tools and service that exist in the traditional markets and it's great knowing that the team at Deribit is working towards the same high standards.
Meanwhile, John Jansen, the CEO of Deribit, noted:
Caspian’s comprehensive trading and portfolio management platform provides institutional investors with the market-leading gateway to the crypto markets. We’re thrilled to be working with the team at Caspian.