Adam White, vice president and general manager of GDAX

Trading Technologies International (TT), provider of professional trading software, and Coinbase, which owns and operates Global Digital Asset Exchange (GDAX), have announced a partnership to provide professional cryptocurrency trading functionality and market access to the institutional trading world.

The partnership will allow TT customers to trade both spot and derivative markets side by side for the first time, beginning March 2018, as well as view market data, submit orders, utilise trading tools to trade cryptocurrencies on GDAX.

TT connectivity stretches to futures markets of the CME Group, Deutsche Boerse, Intercontinental Exchange and Nasdaq.

Coinbase is regulated under the New York Department of Financial Services BitLicense and over 30 other state money transfer regimes, and will launch a unique custodian offering to provide strict financial controls and secure storage for institutional investors wanting to trade digital currencies like Bitcoin and Ether.

“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,” commented Rick Lane, CEO of TT. “Furthermore, we have begun collaborating to deliver enhanced and asset-class-specific functionality on the TT platform for cryptocurrency trading.”

Read more: Coinbase becomes first Bitcoin unicorn with $1.6bn valuation

Adam White, vice president and general manager of GDAX, stated that the offering is timed perfectly, just as futures on Bitcoin are taking form. He said that he believes in the combination of TT’s tools for traders and GDAX’s crypto-spot market liquidity to provide investors a seamless and secure way to trade digital assets.

“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,” concluded Michael Kraines, TT’s chief commercial officer.

Related: Coinbase launched Token to support mobile-based wallet management

by Henry Vilar
Henry is Junior Reporter at IBS Intelligence, follow him on Twitter or contact him at: henryv@ibsintelligence.com
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