Sol-3, a German-based unbiased buying and selling software program answer supplier, introduced it has established a connection to cryptocurrency derivatives alternate Deribit. With the brand new hook-up, Sol-3 now helps buying and selling in futures and choices primarily based on Bitcoin and Ethereum. Customers of Sol-3 buying and selling software program can make the most of click-trading and in addition computerized algorithmic buying and selling to arbitrate, present liquidity, and hedge.
“That is one other attention-grabbing market section with nice buying and selling potential, particularly for our clients to make use of their expertise and data of the Sol-3 buying and selling instruments and broaden their market share in new buying and selling merchandise by simply plugging in further connectivity. It additionally proves that our Sol-3 software program parts operates reliably in new product segments and might simply develop with the necessities of our shoppers.”
– Norbert Geus, Managing Associate Sol-3
Deribit is a crypto futures and choices alternate primarily based in Panama Metropolis, Panama. Deribit was the primary to launch European-style cash-settled choices on BTC and ETH; and has pioneered functionalities similar to multi-instrument block buying and selling, market maker safety, and portfolio margin for crypto derivatives.
“Deribit could be very happy to welcome Sol-3 as a software program answer to our platform as it’s an attestation of the rising curiosity from conventional buying and selling corporations in our market. Sol-3 has an extended historical past in market making options and a big skilled shopper base. Particularly because of the development of our choices section we see numerous demand coming from the normal buying and selling house trying to enter the crypto alternatives.”
– Luuk Strijers Chief Business Officer (CCO) at Deribit