Coinbase Taps TNS for Cloud Infrastructure
Posted by Colin Lambert. Last updated: April 6, 2023
Transaction Network Solutions says that Coinbase Derivatives Exchange has deployed its cloud-based trading infrastructure solution.
The hardware solution for Coinbase consists of the recently announced TNS Dedicated Server offering that will enhance the Coinbase Derivatives Exchange infrastructure colocations. The TNS Dedicated Server offering was developed to deliver low latency trading execution, improve storage capabilities, and process the large data sets that will be required the firm says.
Coinbase will also be connecting to the TNS network which allows for direct low latency access to the exchange through any TNS data centre globally and will provide access to TNS’ financial community.
“TNS helps us deliver a resilient product that traders and investors can trust,” says Boris Ilyevsky, CEO of Coinbase Derivatives Exchange. “Crypto has witnessed both volatile and liquid markets and with institutional adoption remaining strong, we believe the time is right for the offering that TNS brings to the table. Dedicated cloud infrastructure connectivity coupled with our derivatives exchange represents a mission-critical step toward supporting and maintaining a vibrant and reliable crypto derivatives market.”