November 22, 2019 by Océane
The provider of cutting-edge technology based in New York, Tassat, has signed a contract of partnership with the company operating in the asset market digital, Blockfills, to put in place a new service called Trade at Settlement (TAS), processing transactions in Bitcoin (XBT/USD).
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Blockfills and Tassat unite their know-how
Blockfills undertaking the services related to the trading and brokerage of crypto-currencies. By partnering with Tassat, the company plans to launch a new product for the sale of Bitcoin (XBT/USD) as of mid-December.
The CAS allows the client to issue a purchase order to a settlement in arrears, with a price previously determined, which will be supported by the reference rate in Bitcoin of Tassat.
According to the developers of the CAS, the crypto-exchanges in the retail trade and cash, are exposed to ongoing risks, and the anxiety related to the fluctuation of the price of crypto-currencies.
The infrastructure on the trading platform of Blockfills manage orders and compare the offers and the relevant applications, through to the follow up of payments on transaction flows.
The sales manager of Tassat, Josh Gibson, explained :
“The CAS allows you to offset the risk of price movements on their future positions and/or re-balance the gamma on the positions optional, without the risk of slippage is excessive. With the growth of the derivative digital asset, the participants of all kinds will need new and effective ways to hedge their positions “.
The CFTC gives green light
Tassat has recently been able to obtain the approval of the Commodity Futures Trading Commission (CFTC) of the United States to launch any regularity its own stock exchange-derived crypto-currencies. This type of service will have for mission to develop the services on the derivatives market crypto.
Formerly known under the appellation trueDigital, Tassat has also signed a strategic partnership with Inca Digital Securities and Kaiko to expand the distribution of its reference rate counter for the Bitcoin and Ethereum.
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