CrossTower launches perpetual futures trading

Available through the CrossTower Global Pro platform, perpetual futures trading is offered to qualified clients on an institutional-grade, regulated platform. In the coming weeks, CrossTower intends to roll out perpetual futures on 20 top tokens.

Kapil RathiCo-founder and CEO of CrossTowermentioned: “Perpetual futures provide investors with essential tools that can facilitate and shape their investment goals. The benefits of perpetual futures trading are truly compelling for portfolio construction, and we are excited to help mature the industry. “digital asset ecosystem. CrossTower develops cutting-edge commercial products and we are excited to be at the forefront of innovation.”

The crypto futures market has seen immense growth over the past two years, driven by both retail and institutional demand. Bitcoin perpetual futures, considered a barometer of demand for crypto derivatives, reached record open interest in 2021, with average volumes around $62 billion per day in the world throughout the last year. In March 2022open interest for Bitcoin and Ether perpetual futures is c. $18 billion and $8 billion, respectively. (Source: Coinglass)

By expanding its suite of existing market-leading products with the addition of perpetual futures trading capability, CrossTower is breaking down barriers for investors of all types, allowing them to reap the tremendous benefits of crypto assets through a single platform. reliable form of institutional level. supported by state-of-the-art technology. CrossTower offers a low-cost trading model with superior execution based on its unparalleled capital markets expertise and track record. CrossTower saw record transaction volume in Q4 2021, growing over 600% year-over-year and over 100% quarter-over-quarter.

Learn more about futures trading via CrossTower Global Pro platform.

For more information, please contact: [email protected]

SOURCE CrossTower

Garland K. Long