Options trading platform SignalPlus integrates with Deribit

SignalPlus, a technology platform that seeks to democratise options trading by empowering all types of users, is looking to expand its presence with a new integration with crypto derivatives provider Deribit.

Deribit is an online crypto exchange founded in 2016. It’s integration with the options trading platform is a huge development, especially as more crypto users learn how to invest across different products.

SignalPlus integrates Deribit

According to a press release SignalPlus published on Wednesday, the two firms are looking to work together on providing increased efficiency in crypto options trading.

The collaboration will see SignalPlus users tap into Deribit’s low-latency crypto exchange infrastructure to benefit from a comprehensive toolkit of trading services.

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

Per the announcement, the company seeks to offer trading capabilities on par with the best of what’s on offer on Wall Street. As such, SignalPlus is expanding accessibility to opportunities via a suite of advanced services, including its dynamic delta hedging and smart execution strategies.

SignalPlus co-founder & CEO Chris Yu said the partnership with Deribit will catalyse further growth for the crypto options trading industry, particularly as the two companies offer access to state-of-the-art features and services.

Apart from the Deribit integration, SignalPlus also revealed an NFT airdrop for early users. The limited-edition NFTs will be airdropped to users who successfully sign up for a SignalPlus account and link it to their Deribit API key. Eligible users will be those that then complete at least one transaction during the promotion period.

The platform plans to have additional benefits for users who receive the commemorative NFTs. However, exactly what more users can get from the NFTs will be communicated in the near future, the team added in the press release.

SignalPlus was founded in 2021 and seeks to offer an enterprise software solution that’s easy-to-use, but professional. The firm believes lowering the entry barrier to options trading is key to further industry adoption.

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