Partnership allows traders to use Mercury’s BEACON platform and API to trade bitcoin and ethereum options, futures, and perpetual swaps on Deribit’s crypto derivatives exchange
Mercury Digital Assets (“Mercury”), a technology provider for digital asset markets, today announced the launch of connectivity to Deribit, a leading cryptocurrency derivatives exchange. Mercury is integrating with the exchange to allow professional and institutional traders using the BEACON platform and API to trade bitcoin and ethereum options, futures, and perpetual swaps on Deribit’s exchange.
“We relish the chances we have to help foster the growth and adoption of these assets in the professional and institutional trading segments alongside Deribit as it continues its own growth.” Source
The integration also allows the global crypto trading audience to source liquidity in Mercury’s RFQ network and privately negotiate single-leg and multi-leg trades. Those orders are sent as block trades to be settled at Deribit to minimize the price impact of large orders.
“We are seeing growing interest from traditional derivatives market participants that want to expand into trading cryptocurrencies,” said Luuk Strijers, Chief Commercial Officer of Deribit. “The experienced background of the Mercury team, along with the reliability of the BEACON platform, gives us the confidence that Mercury is the right partner for helping these market participants gain exposure to digital assets.”
The crypto derivatives market has grown significantly in recent years, setting new records in 2020. With more institutional participation and crossover from the traditional markets into digital assets there will be an increased demand in crypto derivatives and the need for more sophisticated products. Mercury is positioned to help facilitate that growth by providing institutional-grade trading technology and by partnering with leading exchange players like Deribit.
For more information, please contact Mercury here.
About Mercury Digital Assets
Developed by the same team that created the current, state-of-the-art, application-driven liquidity networks used within the listed equity options market, Mercury Digital Assets offers secure, reliable, and efficient access to digital asset markets with institutional-grade solutions for OTC desks, exchanges, professional trading groups, custodians, and asset managers. For more information about Mercury Digital Assets, visit: www.mercurydigitalassets.com.