Trading Technologies (TT) has partnered Coinbase, operator of the Global Digital Asset Exchange (GDAX), to provide cryptocurrency trading functionality and market access for the institutional trading world. Beginning in March 2018, TT users will be able to view market data, submit orders, and use the company’s charting and automated trading tools to trade cryptocurrencies on GDAX. They will also be able to trade both spot and derivative markets side by side on one screen.
TT says the partnership will allow cryptocurrency traders of all styles to leverage the company’s trading tools and that it has begun collaboration to deliver enhanced and asset-class-specific functionality on the TT platform for cryptocurrency trading.
Coinbase is also developing functionality and says that in addition to its exchange service, it will release a custodian offering, Coinbase Custody, in coming months. This will provide strict financial controls and secure storage for institutional investors wanting to trade digital currencies like bitcoin and ether.
Coinbase’s GDAX is a cryptocurrency exchange designed for institutional investors and regulated under the New York Department of Financial Services BitLicense as well as more than 30 state money transfer regimes. It is one of the largest digital asset spot markets in the US.
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