Talos, a provider of institutional trading technology for digital assets, announced its integration with Coinbase Derivatives, LLC, a futures exchange registered with the Commodity Futures Trading Commission (CFTC), “expanding the avenues available for a growing number of institutional investors seeking to gain exposure to digital assets within a trusted and regulated framework.”
Daniel Packham, VP and Head of Operations EMEA at Talos who oversees Talos’s provider network said:
“The derivatives markets are a significant component of the digital assets ecosystem for institutions who seek secure, liquid, and increasingly, regulated venues for trading. We’ve seen a lot of interest and growth in our derivatives business, and our integration with Coinbase Derivatives will expand the universe of regulated futures that clients can access using the Talos platform.”
Coinbase Derivatives enables the trading of bitcoin (BTC) and ether (ETH) futures by institutional clients.
The exchange’s futures contracts, “sized at 1 BTC and 10 ETH, are designed to meet the needs of institutional investors, offering a capital-efficient tool to manage crypto market exposure, without the complexity of direct custody of the underlying digital assets.”
Coinbase Derivatives also offers retail oriented nano sized contracts “at 1/100th BTC and 1/10th ETH.”
Boris Ilevsky, Head of Coinbase Derivatives, said:
“We are pleased to integrate with Talos and leverage their trading platform to help bring our institutional-sized bitcoin and ether futures contracts to a broader audience. We share a common objective to foster a more open and accessible financial system through the power of digital assets, and institutional adoption will be a driving force.”
With multiple institutional use cases, derivatives are “an important entry point for institutions to participate in digital assets markets.”
Talos clients will be “able to incorporate the futures liquidity of Coinbase Derivatives into their trading strategies through the use of advanced algorithms, including Talos’s Multileg algorithm that helps traders implement complex trading strategies.”