🚀💱 Breaking News in Crypto Trading! 360T Launches NDFs for Bitcoin and Ethereum! 🌐📈
Today, 360T unveiled a groundbreaking trading solution, adding support for nondeliverable forwards (NDFs) on Bitcoin and Ethereum. 🌐💼 As a subsidiary of Deutsche Börse, this foreign exchange (FX) firm handles a staggering €130 billion in FX daily, showcasing its significant influence in the financial landscape. 💹💰
The inaugural crypto transaction involved two heavyweights - another subsidiary, Crypto Finance, and the dynamic Wintermute. 🤝🚀 The use of existing FX workflows for over the counter (OTC) trading adds a layer of familiarity and efficiency to this innovative solution. 🔄💻
Nondeliverable forwards (NDFs) have gained popularity among institutions due to their unique ability to provide indirect exposure to crypto assets without the need for holding or custodial responsibilities. 🏦🔄 For instance, when Goldman Sachs ventured into crypto derivatives, their initial step was through NDFs. 🌐📊
Cheers to 360T for pushing the boundaries and adding another dimension to the crypto trading landscape! 🥂
https://www.ledgerinsights.com/360t-crypto-derivatives/