{"id":24532,"date":"2023-11-15T11:21:32","date_gmt":"2023-11-15T11:21:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/okx-and-coinshares-launch-secure-off-exchange-derivatives-trading\/"},"modified":"2023-11-15T11:21:32","modified_gmt":"2023-11-15T11:21:32","slug":"okx-and-coinshares-launch-secure-off-exchange-derivatives-trading","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/okx-and-coinshares-launch-secure-off-exchange-derivatives-trading\/","title":{"rendered":"OKX and CoinShares Launch Secure Off-Exchange Derivatives Trading"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>OKX, the world\u2019s second largest crypto trading platform, has teamed up with asset manager CoinShares and crypto custody joint venture Komainu to introduce off-exchange derivatives trading. This development aims to bring traditional finance (TradFi) standards to the crypto market, focusing on reducing counterparty risk.<\/p>\n<p>The collaboration, which combines OKX\u2019s trading platform expertise with Komainu\u2019s custody services, was initiated in June. Komainu, a joint venture between Japanese bank Nomura, CoinShares, and crypto storage firm Ledger, specializes in secure custody solutions, essential for this innovative trading model.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Lewis Fellas, head of hedge fund solutions at CoinShares, sheds light on the complexities involved in this venture. He explains, \u201cWe\u2019ve embedded a collateral mirroring agreement to facilitate trading across OKX\u2019s full product range on the derivatives platform.\u201d This system tackles the intricate challenges of margin financing and risk mitigation in derivatives trading, setting it apart from simpler spot market settlements.<\/p>\n<p>The need for such a sophisticated trading system became evident following the collapse of FTX last year, which heightened concerns about the safety and stability of crypto markets. OKX\u2019s initiative addresses these concerns by providing a more secure environment for trading derivatives.<\/p>\n<p>Sebastian Widmann, head of strategy at Komainu, emphasizes the broader impact of this development. He comments, \u201cWe are bringing standards to the marketplace, especially for institutional players who expect custody and exchange segregation.\u201d This approach not only enhances security but also standardizes legal agreements across various market participants.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>CoinShares, along with various hedge funds, is set to utilize this new custody-based settlement system. This move marks a significant step towards safer and more regulated trading environments in the cryptocurrency derivatives mark<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/okx-and-coinshares-launch-secure-off-exchange-derivatives-trading\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) OKX, the world\u2019s second largest crypto trading platform, has teamed up with asset manager CoinShares and crypto custody joint venture Komainu to introduce off-exchange derivatives trading. This development aims to bring traditional finance (TradFi) standards to the crypto market, focusing on reducing counterparty risk. The collaboration, [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":24533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24532"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24532"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24533"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}