Sol-3, a Germany-based independent trading software solutions provider, announced that it has connected to the Deribit cryptocurrency derivatives exchange. With the new hook-up, Sol-3 now supports trading in futures and options based on Bitcoin and Ethereum. Users of the Sol-3 trading software can use click trading and automatic algorithmic trading to mediate, provide and secure liquidity.
“This is another interesting market segment with great trading potential, especially for our customers to use their experience and knowledge of the Sol 3 trading tools and to expand their market share in new trading products by simply plugging in additional connectivity. It also proves that our Sol-3 software components work reliably in new product segments and can easily grow with the requirements of our customers. “
– Norbert Geus, managing partner Sol-3
Deribit is a crypto futures and options exchange based in Panama City, Panama. Deribit was the first to offer European style cash settlement options on BTC and ETH; and has groundbreaking functionalities such as multi-instrument block trading, market maker protection and portfolio margin for crypto derivatives.
“Deribit is very pleased to be able to welcome Sol-3 as a software solution on our platform, as this is evidence of the growing interest of traditional retail companies in our market. Sol-3 has a long history in market making solutions and a large, experienced customer base. In particular due to the growth of our options segment, we are seeing a lot of demand from the traditional trading space looking to get into the crypto opportunities. “
– Luuk Strijers Chief Commercial Officer (CCO) at Deribit