CoinFlex Now Accessible via Trading Technologies’ Global Platform

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Physically delivered crypto futures trading contracts on CoinFlex are now available to traders outside of the US through Trading Technologies International Inc, a global trading infrastructure and data solution provider based in Singapore. The announcement of the connection between the two platforms came on May 20th.

Trading Technologies users who are eligible to access CoinFlex through the platform will also be granted access to CoinFlex’ stablecoin-to-stablecoin futures contract, which pins Tether Dollars (USDT) against Circle’s USD Coin (USDC.)

Trading Technologies’ Five-Continent User Base Could Be a Great Boon for CoinFlex, depending on Who’s Eligible

Although Trading Technologies’ infrastructure spans across five continents, the announcement did not clarify exactly which of its users would be “eligible” to access CoinFlex.; Trading Technologies did not respond to request for commentary before press time.

However, CoinFlex CEO Mark Lamb did say that in addition to retail traders, “access to CoinFLEX through TT will also be available to commercial hedgers, including mining firms, OTC trading desks and global proprietary trading firms, many of whom are already using TT’s toolset.”

CoinFlex was launched in February of this year and offers futures contracts with up to 20x leverage for Bitcoin, Bitcoin Cash, Ethereum, and Circle Coin pinned against Tether Dollars. Its investors include Polychain Capital and Digital Currency Group (DCG.)

At the time of Polychain’s decision to invest, CEO Olaf Carson-Wee said that “as a physically-settled futures exchange, CoinFLEX will be well positioned to capture significant order flow from speculators, institutional traders and Proof of Work miners seeking to hedge against crypto price volatility and hash rate volatility.”

Coinflex and Trading Technologies International Incorporated are owned by a single consortium that includes Dragonfly Capital Partners, Global Advisors, Alameda Research, Amber AI, Grapefruit Trading, Coinfloor, crypto trader Mike Komaransky, and several other entities.

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