Coinbase Partners with TNS to Improve Derivatives Trading Efficiency

04/04/2023 13:20 • Daily Digest • 144 views

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

In recent news, Coinbase announced a new partnership with Trading Network Services (TNS), a US-based infrastructure provider, to further enhance their derivatives exchanges. This collaboration aims to leverage TNS’s expertise and technology to achieve faster and more efficient trading.

Understanding the Partnership

Coinbase is a digital currency exchange platform that allows users to buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The company also has a derivatives trading platform that allows users to trade derivatives contracts based on cryptocurrency prices.
As Coinbase’s user base and the trading volume on their derivatives exchange grew, they faced challenges in handling the increasing traffic and keeping up with the demand. This led Coinbase to seek out a partner to help them optimize and streamline their systems.
TNS is a leading provider of infrastructure solutions for electronic trading, offering a range of products such as secure data transmission and low-latency connectivity across multiple venues. Their core focus is on providing high-quality managed services to their clients, ensuring greater operational efficiency and reliability.
By working together, Coinbase and TNS hope to create a more robust and resilient trading ecosystem. The partnership aims to improve the quality of service for Coinbase’s customers while increasing the platform’s performance and scalability.

Benefits of the Partnership

One of the primary benefits of this partnership is the increased speed and efficiency of Coinbase’s derivatives exchange. TNS’s technology is designed to optimize the flow of data across different trading venues, reducing latency and improving trade execution times. This, in turn, can translate into better pricing, reduced risk, and increased profitability for Coinbase and their customers.
The collaboration with TNS also brings enhanced security features to Coinbase’s infrastructure. TNS offers industry-leading security, including end-to-end encryption, intrusion detection, and firewall protection. These measures can help safeguard trading activities and data from unauthorized access, cyber-attacks, and breaches.
In addition, Coinbase’s partnership with TNS reflects their commitment to providing a superior trading experience to their users. By leveraging TNS’s expertise and resources, Coinbase can focus on its core strengths and continue to innovate, expand, and improve its services.

Conclusion

The collaboration between Coinbase and TNS is a significant development in the world of cryptocurrency trading. By working together, these two industry leaders can create a more robust, efficient, and secure platform for trading derivatives based on cryptocurrencies.
The partnership is expected to have a positive impact on Coinbase’s users, providing them with faster trade execution, better pricing, and enhanced security features. As the cryptocurrency market continues to evolve and mature, partnerships like these are crucial for the sustained growth and success of the industry.

FAQs:

Q: What is Coinbase?
A: Coinbase is a digital currency exchange platform that allows users to buy, sell, and trade cryptocurrencies.
Q: What is TNS?
A: TNS is a US-based infrastructure provider that offers a range of products for electronic trading, including data transmission and low-latency connectivity.
Q: What is the aim of the Coinbase-TNS partnership?
A: The aim of the partnership is to improve the efficiency, speed, and security of Coinbase’s derivatives exchange by leveraging TNS’s expertise and technology.

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