SynOption, OrBit Markets Team Up in Crypto Options Market

Crypto options liquidity provider OrBit Markets, which launched earlier this year, has teamed up with options trading platform SynOption, through a strategic partnership that the firms say will enhance liquidity, trading and structuring capabilities for participants in the digital assets option market.

SynOption is launching Synchro, a crypto options analytics and trading platform, and OrBit will provide pricing to institutional clients on the platform. Synchro allows users to view options markets, analyse historical market moves, evaluate trades and pre trade risk, and execute trades on either exchanges or OTC. The firm also provides institutional solutions for risk management of crypto portfolios.

“The crypto options market is fast evolving, and the need for trading more bespoke products, tokens, coins and strategies is something that is coming to the forefront,” says Anchal Jain, founder of SynOption. “Synoption provides the ability for clients to price and execute a multitude of coins/tokens for a wide range of products starting from vanilla options to exotic strategies, as well as complex structured products. Orbit, being a leading market maker in the exotics space, provides our clients access to best-in-class liquidity electronically.”

Caroline Mauron, co-founder and CEO of OrBit, adds, “As the digital asset industry matures and professionalises, participants naturally expect more sophisticated service offerings. This strategic partnership will allow institutional counterparties to access a comprehensive suite of option products, consistent liquidity, transparent pricing and seamless electronic execution.”