Trading Technologies International, Inc. (TT) and Coinbase have announced today a strategic partnership to provide professional cryptocurrency trading functionality and market access to the institutional trading world.
Beginning March 2018, the partnership will allow TT customers to trade both spot and derivative markets side by side for the first time. Investors will be able to view market data, submit orders, and leverage a market-leading suite of charting and automated trading tools to trade cryptocurrencies on Global Digital Asset Exchange (GDAX).
GDAX is the largest digital asset spot market in the U.S. It is owned and operated by Coinbase, a digital currency platform serving over 13 million users transacting in a range of digital assets including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. The company is regulated under the New York Department of Financial Services BitLicense as well as more than 30 state money transfer regimes.
In addition to its exchange service, in the coming months, Coinbase will launch a unique custodian offering – Coinbase Custody – that will provide strict financial controls and secure storage for institutional investors wanting to trade digital currencies like bitcoin and ether.
Trading Technologies International, Inc. is a global provider of high-performance professional trading software. With 19 of the top 20 futures commission merchants as distribution partners, TT users are some of the largest futures and commodity traders in the world. Its connectivity stretches to nearly 45 markets.
“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,” TT’s Chief Commercial Officer Michael Kraines said in a statement.