✨ Thalex.com | Bitcoin & Ethereum | Futures & Options | Derivatives ✨
We are excited to announce Thalex, a next-generation crypto derivatives exchange that offers advanced trading instruments, products, and tools to efficiently execute trading strategies.
Our Vision:
At Thalex, we believe in solving complex trading problems to create simple and efficient derivatives that offer unparalleled trading possibilities. Our platform offers a range of advanced instruments, including BTC and ETH perpetuals, futures, options, future rolls, RFQs, and combinations - all on one platform with simple specifications and reliable tech.
Why Trade At Thalex?
Symmetric fees
Trading fees are anchored around 1 bps. Combinations embed fee advantages. Microstructure that encourages showing liquidity.
Linear, stablecoin-settled
P&L is calculated in USD, and settled in USDT. Any position can be collateralized with USDT, USDC, BTC or ETH.
Automated delta-hedging
A liquidation process designed to limit market impact with automated delta hedging and liquidation auctions are used to manage complex risks.
Portfolio margin
Portfolio-based margin calculation across futures & options, providing capital efficiency for delta or vega offsetting positions.
Market maker features
Built by former options market makers, Thalex offers low latency, cancel on disconnect, mass quotes and configurable market maker protection.
⚡️ Market Quality Program (MQP) ⚡️
We are kicking off our Market Quality Program (MQP) with a $1M reward pool, of which $100K will be paid out per month!
Here's how it works:
◉The MQP rewards liquidity directly:
◉We score limit orders in eligible instruments as a function of size and price in frequent orderbook snapshots (~10 seconds).
◉For each snapshot, participants accrue rewards based on the relative score of their orders.
◉There are no barriers to participation. Anyone posting limit orders is automatically taking part.
◉Rewards will be settled quarterly in $USDT.
Why launch this program? Our platform is tested. Time to attract flow. MQP creates an incentive for makers to compete continuously for top of book liquidity, irrespective of volume. This improves execution for takers and positions at
Thalex to bootstrap volume.
Full documentation can be found here:
→
https://thalex.com/mqp-documentation.pdf ←
Our Investors and Network:
We are proud to be backed by top tier investors such as Bitfinex, Bitstamp, Mathrix, Flow Traders, BlockTech, IMC Trading, QCP Capital and Wintermute, and successfully launched our proof of concept in February 2023.
We understand the importance of relevant contract specifications, low trading fees, reliable tech, and contract certainty in a good derivatives exchange. Thalex has optimized interoperability between perpetuals, futures, and options, with every option having a corresponding future maturity. Our trading fees are anchored around 1 bps, and our microstructure encourages showing liquidity.
Join us today and experience the next-generation of crypto derivatives trading with Thalex. Visit our website to learn more and sign up for an account.
