Caspian Crypto Platform Launches Trading With Derivatives
The Caspian platform, which is focused on institutional investors and professional traders, opened trading cryptocurrency derivatives.
According to the press release, the company entered into a partnership with the Deribit exchange of futures and options and integrated its services into its platform. It is noted that the Caspian ecosystem already includes more than 30 major digital exchanges and liquidity providers.
Now Caspian users will be able to trade options and futures on bitcoin and ether, and also with perpetual swaps on ether. At the same time, the exchange will offer a leverage of 100x. Deposits and withdrawals at Caspian are free of charge.
In cooperation with Deribit, the company intends to create a fully liquid digital derivatives market that would not yield to traditional markets. Also, the technology of the platform can support huge trading volumes with low latency.
Earlier, Caspian entered into a partnership with Coinbase, a major US crypto exchange, in order to promote professional crypto trading among investors and financial institutions. Caspian’s goal was to develop additional functions for trade operations, which would become available to Coinbase users.
In November 2018, Caspian prematurely completed its ICO, as the project managed to raise the necessary capital of $19.5 million. Moreover, before that, the company raised another $16 million through pre-offering of Caspian tokens.
Previously, a Big Four auditing company introduced a tax tool for crypto traders.