Thalex Partners with Bitfinex to Make Crypto Derivatives More Accessible to Millions

SEYCHELLES, November 18, 2024 — Thalex, a leading crypto derivatives exchange offering stablecoin-settled options, has announced its integration with Bitfinex Derivatives, now officially open to the public. Through this collaboration, all Bitfinex Derivatives users will gain seamless access to Thalex’s comprehensive suite of trading products, including options, futures, and perpetual contracts.

This integration streamlines the process for Bitfinex users, allowing them to onboard quickly with simplified KYC sharing, easily transfer assets, and trade directly via Thalex’s interface, all within the Bitfinex platform.

A Strategic Partnership to Unlock New Crypto Derivatives Opportunities

Bitfinex, one of the longest-standing and most trusted exchanges in the crypto industry, has long been a go-to platform for professional traders. This partnership expands Bitfinex's offerings by providing users with additional tools for hedging and trade expression. With Thalex’s advanced derivatives products, users can now explore new ways to generate yield on Bitcoin and Ethereum, including strategies like covered calls and cash-and-carry arbitrage.

For Thalex, this integration marks a significant step in its broader distribution strategy, positioning the platform as a key player in the fast-growing crypto options market. Although crypto options currently account for less than 5% of the overall derivatives market, they are projected to become the fastest-growing segment over the next 3-5 years as institutional interest and retail adoption increase.

Many exchanges have focused primarily on spot or perpetual markets, but the cost and complexity of integrating options into their platforms—along with the significant liquidity challenges—have hindered their ability to offer these products. Thalex’s unique partnership model solves this problem by eliminating the upfront costs associated with adding options markets, providing exchange partners access to Thalex’s liquidity pool and product suite, and sharing a portion of trading fees as a revenue share. This mutually beneficial arrangement allows Bitfinex to offer its customers cutting-edge derivatives tools while expanding Thalex’s reach to a much broader audience.

Market Velocity Program Boosts Trading Volume

Thalex has also recently launched its Market Velocity Program (MVP), designed to incentivize active traders on its platform. Through the MVP, participants can earn USDt rewards based on their share of trading fees paid, encouraging higher participation and liquidity.

In its first week alone, the MVP drove a significant spike in trading volume, surpassing $30 million. With a monthly reward pool of roughly $250,000—around $8,200 per day—the program is already showing impressive results, outpacing Thalex’s core competitors, who have smaller prize pools for similar initiatives. The MVP is open to all users, from retail traders to institutional participants, and has already seen a large number of retail traders leveraging automated trading strategies to boost their earnings.

“We’re incredibly proud to announce our integration with Bitfinex, our strategic partner, as the first major milestone in our B2B2C go-to-market strategy,” said Hendrik Ghys, Co-Founder of Thalex. “This partnership will give Bitfinex Derivatives customers new ways to trade, hedge, and generate yield on assets like Bitcoin and Ethereum, while enabling us to expand our market presence and deliver more value to both retail and institutional traders.”

About Thalex

Founded in 2020, Thalex is a derivatives exchange specializing in stablecoin-settled crypto options, futures, and perpetual contracts. With a focus on low fees, margin efficiency, and robust connectivity, Thalex provides traders with a powerful platform for executing advanced trading strategies. The platform also supports seamless integration with other exchanges, offering frictionless onboarding and asset transfers for users across multiple platforms. For more information, visit https://www.thalex.com.

About Bitfinex

Bitfinex, established in 2012, is a leading digital token trading platform renowned for providing advanced trading features and liquidity solutions to professional traders. The platform offers a wide range of services, including margin trading, OTC trading, peer-to-peer financing, and a suite of charting tools for experienced traders. Bitfinex focuses on delivering unparalleled support, cutting-edge tools, and innovative solutions for liquidity providers and traders worldwide. To learn more, visit www.bitfinex.com.