MARKTS Adds Crypto Options Offerings with Deribit Partnership
MARKTS, a crypto order execution management system (OEMS), a subsidiary of TradeScreen has announced its partnership with Deribit on Wednesday to offer institutional traders digital asset options contracts.
“Our collaboration with Deribit meets growing client demand to trade cryptocurrency options. Alex Carteau, Head MARKTS at TradingScreen said that as a multi-asset platform it is crucial that we continue to aggregate high end connectivity for our clients.
MARKTS will connect Deribit to its OEMS platform. According to the press release MARKTS will allow institutions to trade crypto options and also manage volatile market risks.
Crypto derivatives are in high demand
The company stated that volatility in cryptocurrency markets post-halving had driven many institutional hedge funds to invest in new asset-class markets and asset managers.
Carteau stated, “As crypto markets mature, we will continue being one step ahead by ensuring institutional buyers can trade digital assets reliably. Effectively.”
The demand for cryptocurrency derivatives continued growing. CME Group saw a significant increase in demand for its options and Bitcoin futures contracts. CME Bitcoin options captured 20% of the total market hare in recent times.
Deribit is still the market leader in crypto options, holding 80 percent of total market share.
“The new integration of TradingScreen removes one hurdle from institutional investors looking to enter the crypto derivatives markets. John Jansen (CEO at Deribit) said that Deribit is pleased to announce that institutional buyers of TS can now trade on Deribit with their trusted OEMS in an easy manner.
MARKTS enriched its cryptocurrency offerings in April by integrating Seed Digital Commodities Market (SCXM).