360T partners with Wintermute Asia and Crypto Finance to launch cryptocurrency NDF product and complete first transaction

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Cointime2024/02/21 12:40

By:Cointime

Deutsche Börse Group's foreign exchange trading platform, 360T, announced its partnership with Wintermute Asia and Crypto Finance to launch non-deliverable forward (NDF) products for cryptocurrencies. The platform has successfully completed its first trade. The initial launch of the cryptocurrency NDF product will support Bitcoin (BTC) and Ethereum (ETH) and will utilize the existing over-the-counter foreign exchange (OTC FX) workflow to help its diverse global customer base adopt these new products smoothly. By trading cryptocurrency NDF on 360T, customers can invest in underlying cryptocurrencies without actually holding them and can hedge existing cryptocurrency risks on a regulated platform.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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