Coinbase Global ( NASDAQ: COIN ) is partnering with Transaction Network Services, an infrastructure provider based in the U.S., to offer faster transactions on its cryptocurrency derivatives exchange, according to a press release dated Tuesday. TNS said it deployed a cloud-based financial trading infrastructure solution for Coinbase's ( COIN ) regulated derivatives platform to let institutional investors boost storage capabilities as well as process large data sets. “Crypto has witnessed both volatile and liquid markets and with institutional adoption remaining strong, we believe the time is right for the offering that TNS brings to the table," said Coinbase Derivatives Exchange CEO Boris Ilyevsky. "Dedicated cloud infrastructure connectivity coupled with our derivatives exchange represents a mission-critical step toward supporting and maintaining a vibrant and reliable crypto derivatives market," he added . In an effort to attract more traders seeking to manage risk with less upfront capital than traditional crypto futures vehicles, Coinbase ( COIN ) last June introduced its crypto derivatives exchange, formerly known as FairX. In recent days, rival Gemini was said to have been working with market makers to unveil an overseas crypto derivatives exchange.
Crypto Remittances to El Salvador Drop 45%
