Bitfinex Derivatives and Thalex Announce Partnership to Power Crypto Options and Futures

Bitfinex Derivatives has announced a partnership with crypto derivatives exchange Thalex to expand their service portfolio to include options and both dated and perpetual futures trading.

This strategic partnership provides Bitfinex Derivatives clients with access to Thalex’s extensive range of crypto options and futures products.

Improving trading experience

The open beta integration between the two Seychelles companies is designed to enhance the trading experience by reducing friction in user onboarding, depositing funds and trading on Thalex. The strategic initiative is seen as an innovative distribution model where exchanges work together to facilitate the adoption of specialized products on new platforms.

This partnership is expected to lead to significant growth in crypto options and dated futures trading, which currently account for just 3% and 2% of the $100 billion daily crypto derivatives volume.

Paolo Ardoino, Chief Technology Officer of Bitfinex Derivatives, stated at the launch of the public beta:

“Crypto derivatives products, such as stablecoin-settled futures and options instruments, are essential to ensuring a more stable and orderly market. We expect significant demand for these features.”

Impediment to growth of crypto derivatives market

Both platforms acknowledge that the lack of education and specialized platforms that can facilitate linear, stablecoin-settled contracts is hampering the growth of the crypto derivatives market. Hendrik Ghys, CEO of Thalex, highlighted how options and dated futures complement the perpetuals ecosystem:

“Futures allow you to capture the carry costs of a delta position, while options provide access to nonlinear payouts and exposure to volatility. Together, options and futures expand a trader’s toolkit with more ways to hedge or generate returns.”