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Coinbase Partners with TNS for Efficient Trading on Derivatives Exchanges

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According to reports, Coinbase announced that it is collaborating with the US based infrastructure provider Trading Network Services (TNS) to achieve faster and more efficient trad

Coinbase Partners with TNS for Efficient Trading on Derivatives Exchanges

According to reports, Coinbase announced that it is collaborating with the US based infrastructure provider Trading Network Services (TNS) to achieve faster and more efficient trading on its derivatives exchanges.

Coinbase collaborates with infrastructure provider TNS

Cryptocurrency exchange Coinbase has announced a collaboration with Trading Network Services (TNS), a US-based infrastructure provider. Coinbase has partnered with TNS to improve trading on its derivatives exchanges. This partnership will enable Coinbase to offer faster and more efficient trading to its users.

What is Coinbase?

Coinbase is one of the largest cryptocurrency exchanges in the world. The company was founded in 2012 and is headquartered in San Francisco, California. Coinbase enables users to buy and sell cryptocurrencies, as well as store them in a digital wallet. The platform is available in over 100 countries, and over 56 million users have traded over $455 billion on the platform.

What are Derivatives Exchanges?

A derivatives exchange is a platform where users can buy and sell financial contracts that derive their value from some underlying asset. This asset can be anything from a commodity to a stock to a cryptocurrency. Derivatives exchanges allow users to make bets on the future price of an asset without actually owning that asset.

How Does the Partnership Benefit Coinbase?

The partnership between Coinbase and TNS will enable Coinbase to offer faster and more efficient trading on its derivatives exchanges. TNS will provide Coinbase with a low-latency network, which will reduce trading times and increase efficiency. This means that users will be able to execute trades faster and at lower costs, which will ultimately benefit both Coinbase and its users.

How Does the Partnership Benefit Trading Network Services?

The partnership with Coinbase is a significant win for TNS, as it will enable the company to expand its offering to the cryptocurrency market. TNS already provides low-latency networks to a range of financial institutions, including stock exchanges and high-frequency trading firms. The addition of Coinbase to its list of clients will further bolster its reputation in the industry.

Conclusion

The partnership between Coinbase and TNS is a positive development for both companies. Coinbase will be able to offer faster and more efficient trading to its users, while TNS will be able to expand its offering to the cryptocurrency market. As the cryptocurrency market continues to grow, partnerships like this are likely to become more common, as companies look for ways to gain a competitive edge.

FAQs

Q: What is Coinbase?
A: Coinbase is one of the largest cryptocurrency exchanges in the world.
Q: What are derivatives exchanges?
A: Derivatives exchanges are platforms where users can buy and sell financial contracts that derive their value from an underlying asset.
Q: How will the partnership benefit Coinbase?
A: The partnership with TNS will enable Coinbase to offer faster and more efficient trading on its derivatives exchanges.

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