Options trading platform SignalPlus integrates with Deribit

With a new connection with cryptocurrency derivatives provider Deribit, SignalPlus, a technological platform that aims to democratize options trading by empowering all types of consumers, hopes to increase its reach.

Online cryptocurrency exchange Deribit was established in 2016. A significant advancement is its integration with the options trading platform, especially as more cryptocurrency users learn how to diversify their investments across various products.

SignalPlus integrates Deribit

The two businesses intend to collaborate to boost trading efficiency for crypto options, according to a press statement issued by SignalPlus on Wednesday.

As a result of the partnership, customers of SignalPlus will be able to access Deribit’s low-latency cryptocurrency exchange infrastructure and take advantage of a wide range of trading options.

Among other things, users will leverage features such as pricing, volatility analytics, and risk management.

According to the release, the company aims to provide trading capabilities on par with what Wall Street offers. As a result, SignalPlus is increasing access to opportunities through a range of cutting-edge offerings, such as its dynamic delta hedging and intelligent execution tactics.

Chris Yu, co-founder, and CEO of SignalPlus, asserted that the industry for trading crypto options would continue to grow due to the relationship with Deribit, especially given that both businesses provide access to cutting-edge features and services.

SignalPlus also disclosed an NFT airdrop for early users in addition to the Deribit integration. Users who successfully register for a SignalPlus account and attach it to their Deribit API key will receive the limited-edition NFTs through an airdrop. Users who go on to execute at least one transaction during the campaign period are eligible.

The platform intends to offer users who receive the commemorative NFTs additional advantages. The team said in the press release that more information about what additional users can obtain from the NFTs would be released in the near future.

In 2021, SignalPlus was established to provide a user-friendly and expert enterprise software solution. The company thinks decreasing the barrier to entry for options trading is essential for more industry adoption.

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