Hendrik Ghys
Co-Founder/CEO
Thalex
Thalex operates a digital asset exchange offering trading for options, futures, and perpetual contracts. The platform features a strategy builder for atomic option combinations and supports implied matching across perpetual-future and future-future order books. Portfolio-level margin requirements enable efficient hedging for users trading complex derivatives.
- Blockchain & Cryptocurrency
- Financial Technology
- Software Only
Updated 7 months ago
Funding
Raised to date
$7.9MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
The cryptocurrency derivatives market lacks platforms that offer transparent fees and reward traders for providing liquidity, leading to inefficiencies and hindering market quality. Existing platforms often lack the tools and incentives necessary for professional traders to actively participate and improve market depth.
Solution
Thalex is a crypto-native derivatives trading platform that provides options, futures, and perpetual contracts for Bitcoin and Ethereum, designed to foster a competitive trading environment. The platform employs a universal margin system, allowing for efficient collateral management across all contracts. Thalex incentivizes market makers through a Market Quality Program (MQP), which rewards traders with a share of a monthly pool for providing liquidity and tightening spreads. The platform offers linear contracts settled in stablecoins, reducing friction and simplifying the trading process.
Target Audience
The primary target audience includes professional cryptocurrency traders and market makers seeking a platform with transparent fees, efficient collateral management, and incentives for providing liquidity.
Features
- Supports trading of Bitcoin and Ethereum options, futures, and perpetual contracts.
- Universal Margin system enables portfolio margining across all contract types.
- Market Quality Program (MQP) rewards traders for providing liquidity.
- Stablecoin-settled contracts for simplified and linear trading.
- Futures Rolls functionality for D1 Spreads trades.
- Request for Quote (RFQ) functionality for multi-leg Option trades.
- REST and WebSocket APIs for algorithmic trading.