BBOD launches hybrid cryptocurrency derivatives trading platform

Derivatives trading platform for cryptocurrencies partners with GMEX Technologies for new service bridging centralised and decentralised platforms.

Trading platform Blockchain Board of Derivatives (BBOD) has launched a hybrid cryptocurrency derivatives trading service, bridging centralised and decentralised platforms.

The trading platform has said it will bring “the speed of centralisation with the security of decentralisation” through a deal with GMEX Technologies and secure custody offering, respectively.

According to BBOD, each trader will create their own wallet designed specifically for trading on BBOD.

The partnership with GMEX will see BBOD connect the smart contract wallets to a high-speed centralised matching engine high processes 1,250,000 orders per second with an average latency of 75 microseconds.

“We are delighted that BBOD are now live with our latest GMEX Fusion technology suite encompassing an exchange trading platform, with full crypto asset support and blockchain integration, to trade Ethereum based derivatives with a combination of ultra-fast order matching, market surveillance, security of funds and full facilitation of margin trading,” said Hirander Misra, CEO of GMEX Group.

According to BBOD co-founder and CTO, Chris Urbanowicz, the launch follows “years of planning, development, and funding”.

“In 2011, nobody believed in my vision,” he added. “Now, people all over the world trade on BBOD. It started as a dream, and it grew into global movement.”