Bitfinex Derivatives has partnered with the crypto derivatives exchange Thalex to offer improved options and futures trading, aiming to reduce onboarding friction for users. This collaboration is set to expand Bitfinex Derivatives’ portfolio of services, which now includes options, dated futures, and perpetual futures trading.
New Trading Opportunities
The open beta integration between Bitfinex Derivatives and Thalex, both based in Seychelles, allows Bitfinex Derivatives customers to access Thalex’s range of crypto options and futures products. This strategic initiative aims to reduce friction related to user onboarding, fund deposits, and trading on Thalex. The announcement highlighted:
“It also represents an innovative distribution model, where exchanges work together to facilitate the adoption of specialized products on new platforms such as Thalex.”
Market Growth and Future Prospects
Bitfinex Derivatives and Thalex anticipate significant growth in crypto options and dated futures trading. Currently, options and dated futures represent only 3% and 2% of the daily crypto derivatives volume, which totals $100 billion. Paolo Ardoino, CTO of Bitfinex Derivatives, commented on the integration:
“Crypto derivative products, such as stablecoin-settled futures and options instruments, are critical to ensuring a more stable and orderly market, and we expect considerable demand for these features.”
Also Read: Lawsuit Against Tether, Bitfinex Alleges Price Inflation Scheme
Enhancing the Crypto Derivatives Ecosystem
The collaboration aims to address the lack of education and dedicated platforms that can facilitate linear, stablecoin-settled contracts with robust technology and liquidity. Hendrik Ghys, CEO of Thalex, elaborated on the benefits of the integration:
“Futures enable fixing the cost of carry of a delta position while options provide access to non-linear payoffs and volatility exposure. Together, options and futures expand a trader’s toolkit with more ways to hedge or generate yield.”
Recent Developments
On July 6, Bitfinex Securities announced it would refund investors for its Hilton hotel venture at El Salvador’s international airport after failing to attract the $500,000 minimum funding required to continue. The project, the first public offering of digital debt assets in El Salvador, raised $342,000, only 5% of its $6.25 million target. Bitfinex Securities stated:
“As per the Relevant Information Document, Bitfinex will be refunding all investors.”
