New cryptocurrencies and futures exchange ‘Thalex’ complete series A financing round

by Arthur · July 7, 2022

GIBRALTAR, July 7, 2022 / CNW / – Thalex, a trading platform offering stablecoin-settled cryptocurrencies and futures, announced that it has completed its Series A financing round with 7 EUR.5 million. Among the participants are Bitfinex, Bitstamp, Flow Traders, IMC, QCP and Wintermute. These strategic investors will support the company’s ambition to enable large – scale cryptocurrency trading on the stock exchange by removing friction, ensuring platform reliability and collaborating with liquidity providers and major stock exchanges.

The key features of the Thalex trading platform include:

Linear BTC and ETH contracts with support for several securities (BTC, ETH, USDt and USDC).
Trading fees are based on 1 bps maker and taker, and fee benefits for multi-leg options and futures strategies (RFQ).
Future rolls with dedicated order books.
RFQs for multi-leg options and futures strategies, in all sizes.
A market maker scheme with competitive fee levels, market maker protection and excellent connectivity to promote healthy competition among liquidity providers on equal terms.
Portfolio-based margining provides capital efficiency for delta and vega set-off positions, but sufficient requirements for wine risk.
An efficient settlement process that involves automated delta hedging to limit market impact and settlement auctions to enable an orderly reduction of complex risks.

Thalex is partnering with Bitfinex and Bitstamp to enable their customers to access the full suite of Thalex derivatives from their own user interface. Positions on Thalex can be opened with security at the partner exchange after an immediate and free transfer to a dedicated Thalex margin account. The Bitfinex partnership is expected to be operational later this year.

Paolo ArdoinoCTO and Bitfinex

“We are pleased to participate in this financing round with Thalex and see great potential for the stable currency-settled futures and options market.“

Jean-Baptiste Graftieaux, CEO of Bitstamp

“Thalex’s unique value proposition will enable Bitstamp to streamline our go-to market for derivatives and participate in the rapidly growing market for crypto derivatives. This investment marks the beginning of a close strategic partnership and plays an important role in Bitstamp’s corporate strategy.“

Michael LieHead of Digital Assets Trading EMEA for Flow Traders

“Flow Traders is pleased to support Thalex through our dedicated corporate venture capital unit, Flow Traders Capital. Thalex’s ambition to create a scalable infrastructure that enables stock exchange trading in cryptocurrency derivatives is another step forward in making trading in digital assets more accessible and efficient. We look forward to working with Thalex and building a long-term strategic partnership.“

Darius Sittfounder of QCP Capital

“Crypto-alternatives are one of the fastest growing segments in space and have proven to be robust through several market cycles. We believe the next phase of growth will be exponential. The The Thalex team has built a platform that combines best practices from both crypto and traditional finance. We look forward to supporting Thalex in expanding its fast-growing ecosystem of cryptocurrencies.“

About Thalex

Thalex is a crypto-native derivatives exchange founded by a multifaceted team of experts in traditional brokerage, crypto and market making. The trading platform is now available for public testing at www.thalex.com and will soon go live. Thalex is about to be authorized as a regulated DLT provider by the Gibraltar Financial Services Commission.

Media contact

CONSULT Luc van Hecke
COMPANY Thalex Digital Exchange Limited
E-MAIL [email protected]
WEB www.thalex.com

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SOURCE Thalex