More stock market products for the crypto: Coinbase cooperates with trading technologies
the two US-based companies Coinbase and trading technologies international want to join together, to trade with Kryptowährungen to make a larger audience available.
Stock Exchange Coinbase and trading technologies international, a software developer from Chicago, want to continue spreading the San Francisco-based crypto crypto-trading. According to press release they want to make the trade in Kryptowährungen for institutional investors such as traders, brokers, asset managers, futures trading advisers and hedge-fund – and risk manager more accessible. So they align themselves with the current trend of involvement of the traditional stock market and crypto market:
“the partnership between Coinbase and trading technologies is important trading and hedging tools available on the market spread. We have a perfect timing, just as the futures slowly take shape.”
While Coinbase is already native to crypto climes, the trading technologies international will expand the business of Coinbase with its broad customer base. You plan so that both products for the spot – as well as the foreign exchange market. The first products are planning the two companies for March 1.
Rick Lane, CEO of trading technologies, is enthusiastic:
“we look forward to working with Coinbase, the leading stock exchange in the field of digital assets. We want to enable Kryptowährungs traders of all types, to take advantage of our powerful trading tools. Also we have started the cooperation, to provide advanced capital related functionality on the trading technologies platform.”
A well networked cooperation
trading technologies is well networked in the financial world. So the company has connections to 45 markets worldwide, among which especially pioneered the Bitcoin futures CBOE and CME.
The first round of the Bitcoin futures by CBOE and CME is finished since yesterday. With well planned actions it was possible to benefit Bitcoin course without having to hold the Kryptowährung itself to the investors here. How and whether the launch of the new tools affects the crypto market, remains to be seen, but suggests that Kryptowährungen get more and more in the mainstream.
image sources: NEW YORK CITY – SEP 5: New York Stock Exchange closeup on September 5, 2014 in Manhattan, New York City. It is the world’s largest stock exchange by market capitalization of its listed companies. via shutterstock