The derivatives platform Bitfinex Derivatives announces the beta of the integration of the options and futures exchange Thalex.
Bitfinex Derivatives, the crypto derivatives trading platform of Bitfinex, announces the beta of the integration with the Thalex exchange.
Founded in 2020, Thalex is a trading platform specializing in cryptocurrency derivatives, focusing on options, futures, and their combinations.
Bitfinex Derivatives and Thalex foresee significant growth in crypto options and dated futures. Currently, the daily volume of crypto derivatives is about $100 billion, but options represent only 3% of this total, and dated futures only 2%.
Bitfinex Derivatives and Thalex believe that the growth of derivatives, excluding perpetuals, is limited on the demand side by a lack of education and on the supply side by the scarcity of trading platforms offering linear contracts settled in stablecoins, combined with robust technology and good liquidity.
Regarding the collaboration, Paolo Ardoino, CTO of Bitfinex Derivatives, stated:
“We are pleased to announce today the launch of the public beta of the integration with Thalex for Bitfinex Derivatives customers. Crypto derivative products, such as stablecoin-settled futures and options instruments are critical to ensuring a more stable and orderly market, and we expect considerable demand for these features.”
Hendrik Ghys, CEO of Thalex, stated:
“Options and Dated Futures complement Perpetuals. Futures enable fixing the cost of carry of a delta position while Options provide access to non-linear payoffs and volatility exposure. Together, Options and Futures expand a trader’s toolkit with more ways to hedge or generate yield.”
