Bityard, a “world-leading digital asset exchange platform,” is expanding into North America thanks to a partnership with American-based Global Digital Assets (GDA Capital), a press release from the group notes.
For those unaware, Bityard provides retail and institutional traders with digital asset exposure through derivative contracts, rather than trading the financial assets outright. Thanks to this, the group offers better derivatives products with “lower latency, deeper order books, and lower price slippage on larger trades and orders,” the release states.
Derivatives are useful because they generally allow traders to hedge their investments and make profits despite the market volatility. Speaking on the matter is Karl Samsen, the head of strategy at GDA Capital, who said:
“Global liquidity is essential to the continued adoption of blockchain technology. We are thrilled to be working with Bityard as their derivatives exchange creates yet another reliable on-ramp for sophisticated investors and speculators.”
Also sharing some thoughts on the partnership is Rafael Zhou, the head of business development at Bityard, who said:
“Bityard’s product philosophy has always been to offer clients a sophisticated trading platform that is packaged into a seamless user experience. We are excited to bring Bityard to the North American market and to continue driving blockchain adoption at the consumer-level.”