A two-way deal will allow BitMEX users to access new market tools, while TT traders will gain exposure to crypto products.
United States-based professional trading infrastructure firm Trading Technologies International (TT) has partnered with the parent company of Hong Kong cryptocurrency derivatives trading platform BitMEX to open up its products to crypto derivatives traders. TT announced the news in a press release on April 17.
As the press release notes, the partnership is between TT and the owner of BitMEX, HDR Global Trading. TT, which offers various market access tools and services, will now offer its market tools to BitMEX traders through its TT platform.
Similarly, TT traders will be able to trade on BitMEX and will now gain access to its crypto products, which include the bitcoin (BTC)-based XBTUSD Perpetual Swap.
“We expect this partnership will grow trading volume on BitMEX, not only through our existing clients who want access to cryptocurrencies, but also through new users keen to leverage professional trading software and enjoy better trading experiences,” Rick Lane, chairman and CEO of TT, commented in the press release.
“This partnership will not only extend BitMEX’s unique services to Trading Technologies’ discerning clients, but advance our mutual vision to unlock access to cutting-edge cryptocurrency products,” BitMEX CEO Arthur Hayes was quoted as saying in the press release.
The partnership comes on the back of impressive performance for BitMEX, now the second largest crypto trading platform by reported volume in the world.
Despite occasional technical difficulties surrounding sudden bitcoin price moves, the company has seen sustained demand and continues to expand its feature set. This week, Hayes also revealed plans to launch an options exchange within the next 18 months.
Ever buoyant on the future of bitcoin, last month, Hayes added that he foresaw BTC/USD climbing to $10,000 once more by the end of 2019.
