360T launches Crypto NDF offering

Rick Steves

“By launching our crypto offering with non-deliverable derivatives products, we are allowing our diverse, global client base to engage with the crypto market without the need to build or invest in Distributed Ledger Technology (DLT) infrastructure. Looking ahead, we will continue to work with our industry partners to expand 360T’s crypto.”

360T, the prominent trading platform and subsidiary of Deutsche Börse Group, has introduced its Crypto Non-deliverable Forward (NDF) offering.

The inaugural trade, between Wintermute Asia and Crypto Finance, kicked off the new service which positions 360T at the forefront of integrating traditional financial instruments with the burgeoning cryptocurrency market.

The platform is kickstarting its crypto NDF offering with Bitcoin (BTC) and Ethereum (ETH), drawing on its well-established OTC FX workflows. Crypto NDFs on 360T offer clients the opportunity to gain exposure to cryptocurrencies without the complexity of managing the actual assets. These instruments are also seen as a valuable tool for firms looking to hedge their existing cryptocurrency positions in a regulated environment.

Last year, FinanceFeeds spoke with 360T’s Matt O’Hara about the emergence of NDF trading in an insightful interview that you can read here.

Crypto NDF products alongside OTC and listed FX

Sebastian Hofmann-Werther, Head of EMEA at 360T, said: “We are very pleased to have supported the first bitcoin NDF trade on our platform, offering a proven, reliable and safe platform to facilitate Crypto NDF products alongside OTC and listed FX, Short-Term Money Market products, and Commodities.”

Ralph Achkar, Head of Digital Currency Strategy at 360T, commented: “By launching our crypto offering with non-deliverable derivatives products, we are allowing our diverse, global client base to engage with the crypto market without the need to build or invest in Distributed Ledger Technology (DLT) infrastructure. Looking ahead, we will continue to work with our industry partners to expand 360T’s crypto.”

Evgeny Gaevoy, CEO and Co-Founder of Wintermute Group, added: “Being one of the counterparties pioneering this trade underlines our commitment to supporting innovative solutions and products that respond to evolving market needs. Traditional financial institutions increasingly seek exposure to cryptocurrencies, and NDFs offer a safe gateway to crypto for these entities. We’re pleased to see an experienced and established technology provider like 360T addressing institutional investor demands and look forward to increasing our participation on the platform.”

Stijn Vander Straeten, CEO of Crypto Finance Group, stated: “We strongly believe that the crypto space has attracted significant attention from institutional investors, and the emergence of regulated trading platforms will catalyze increased engagement from these entities. As pioneers in this space, we are proud to have paved the way for this development and look forward to working with 360T as it develops and expands its crypto offering.”

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