Talos Adds Crypto Options
Posted by Colin Lambert. Last updated: September 13, 2023
Digital asset technology provider Talos has launched crypto options trading on its platform in association with crypto derivatives exchange Deribit the first venue accessible at launch.
Talos says the integration allows institutional traders in select jurisdictions to access the exchange’s options liquidity through a new Talos interface designed for institutional options traders. It adds that by delivering Deribit’s liquidity to Talos clients, the partnership will help lower the barriers to institutions looking to gain exposure to digital assets.
“At Deribit, our goal is to expand investor access to crypto options trading in a secure, accessible and intuitive manner,” says Luuk Strijers, CCO at Deribit. “Like Talos, we have earned a premier reputation among institutions for our full suite of advanced professional trading services and superior system architecture. We look forward to working together with Talos to shape institutional adoption of crypto.”
Anton Katz, CEO and co-founder of Talos, adds, “Options are an important instrument for institutions to access and manage their exposure to digital assets. As the industry’s premier crypto derivatives exchange, Deribit is the perfect partner to launch options trading for our clients.”
The launch of options trading on the Talos platform expands upon existing capabilities, providing clients with a single interface to manage their entire crypto portfolio including spot, futures, perpetuals and options. The fir, says the new options trading interface was designed from the ground-up in a format familiar to professional options traders. Execution tools initially include limit and pegged orders as well as an Iceberg algo to help clients trade with precision and efficiency.
“With the full Deribit options chain now at their fingertips, Talos clients can unlock a myriad of strategic possibilities, allowing them to effectively manage risk, enhance portfolio diversification, and capitalise on the immense potential of crypto,” says Neelabh Dixit, commercial product manager, derivatives at Talos. “We look forward to evolving the product in partnership with our early adopter clients.”