Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.
Fintech firm Trading Technologies (TT) and Coinbase, owner of Global Digital Asset Exchange (GDAX), announced a strategic partnership to provide professional cryptocurrency trading functionality and market access to the institutional trading world, beginning March 2018.
TT users are some of the largest futures and commodity traders in the world. The partnership will enable them to trade both spot and derivative markets side by side for the first time, to view market data, submit orders, and leverage a market-leading suite of charting and automated trading tools to trade cryptocurrencies on GDAX.
TT’s distribution partners include 19 of the top 20 futures commission merchants and its connectivity stretches to nearly 45 markets, including the futures markets of the CME Group, Deutsche Boerse, Intercontinental Exchange and Nasdaq.
Rick Lane, Chief Executive Officer of Trading Technologies, said: “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. Furthermore, we have begun collaborating to deliver enhanced and asset-class-specific functionality on the TT platform for cryptocurrency trading.
“The partnership between Coinbase and Trading Technologies will provide essential trading and hedging tools across the market,” offered Adam White, General Manager of GDAX. “The offering is timed perfectly, just as futures on Bitcoin are taking form. TT 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.”
Michael Kraines, Chief Commercial Officer of Trading Technologies, added: “This unparalleled strategic relationship means that for the first time ever, the institutional community can utilize our best-in-class professional trading tools to access both listed derivative and GDAX’s exceptional cash cryptocurrency offerings, side by side on one screen. Together, TT and Coinbase are setting the stage for the next evolution of the cryptocurrency markets and leveling the proverbial playing field for all.”
Coinbase’s GDAX is recognized as one of the world’s most trusted cryptocurrency exchanges and is regulated under the New York Department of Financial Services BitLicense as well as 30+ state money transfer regimes. In a few months, Coinbase will launch a unique custodian offering that will provide strict financial controls and secure storage for institutional investors wanting to trade digital currencies like bitcoin and ether.