Through integrating its platform with Deribit, Caspian will become the first institutional platform that provides both options and futures trading services.
Per the press release from Caspian, the platforms will be integrated into one through an advanced application programming interface (API) that will connect Caspian’s platform into Deribit platform to facilitate the whole trading process. Through the API, traders will now enjoy full access to all options that come with its order book coupled with ultra-low latency.
Both Platforms Bring In Excellent Features
For Caspian, its features are based on providing traders with options and futures trading services in one platform and combined with its real-time, historical P&L and trading algorithms features it gives more to traders. Further on, Caspian additional trading and management features RMS, PMS and OEMS will take care of the trader’s process from the start to the end.
On the other hand, Deribit brings its options and futures’ trading features to the platform to complement Caspian’s full stack trading platform to provide both investors traders a reliable platform. At Caspian, both investors and traders alike are taken care of since the latter brings onboard liquidity together with over 30 exchanges.
In addition to all the above, traders will enjoy leveraging the competitive trading fees which come with 100x leverage, free withdrawals, and deposits from Deribit. Furthermore, they will also enjoy access to a liquid marketplace for making transactions in Ethereum and Bitcoin options and futures.
Apart from Caspian OKEx also provides bitcoin derivative product services to its customers together with LevelTradingField which also offers crypto related derivatives services on Ethereum blockchain. Similarly, in 2017 CME Group together with Chicago Board Options Exchange (CBOE) also launched their future products services and now Caspian has joined the above companies.
Caspian is a joint project between two firms’ Tora US-based trading systems company and Kenetic Capital Hong Kong crypto investment firm. Through the support of several Global Advisors, Octagon Strategy, Galaxy Capital, Kenetic Capital among others Caspian was able to raise $16 million from its token sale in September last year.