Trading Technologies has teamed up with global digital asset exchange (GDAX) Coinbase to provide institutional investors cryptocurrency market access and trading.
As of March, Trading Technologies’ clients will be able to trade both spot and derivative markets side-by-side, as well as view market data, submit orders and use the firm’s automated trading tools to trade cryptocurrencies on GDAX.
Coinbase’s GDAX is one of the world’s most recognised cryptocurrency exchanges and the largest digital asset spot market in the US.
The exchange operator also announced plans to launch Coinbase Custody, providing strict controls and secure storage for institutional investors looking to trade digital currencies like Bitcoin and Litecoin.
“We are pleased to partner with Coinbase, the leading digital asset exchange, so that cryptocurrency traders of all styles are able to leverage our robust and powerful suite of trading tools,” said Rick Lane, CEO at Trading Technologies.
Interest in cryptocurrency trading among institutional investors has spiked recently, following the launch of Bitcoin futures products by major exchange operators CME Group and Cboe at the end of last year.
However, regulators worldwide have approached institutional cryptocurrency trading with caution. Most recently, the US financial watchdog halted any plans for Bitcoin ETFs citing concerns around liquidity and valuation.
“The partnership between Coinbase and Trading Technologies will provide essential trading and hedging tools across the market,” added Adam White, general manager of GDAX.
“The offering is timed perfectly, just as futures on Bitcoin are taking form. Trading Technologies provides one of the most powerful and ubiquitous tools to today’s futures trader. This, paired with GDAX’s crypto-spot market liquidity, will provide thousands of institutional investors a seamless and secure way to trade digital assets.”