LEVERJ partners with BNC to launch decentralised derivatives exchange

Brave New Coin has partnered with LEVERJ to roll out exchange traded products (ETFs) for Leverj.io, a decentralised derivatives exchange.

LEVERJ was spawned from a team of Wall Street veterans from JP Morgan, Goldman Sachs and Credit Suisse.

The platform is completely self-custodial by design, meaning that clients will retain full control of their private keys and funds while being able to trade.

Interest in Decentralised Finance (DeFi) is skyrocketing, with trading on decentralised exchanges topping $4 billion in July 2020. To cater to strong customer demand, LEVERJ has built a high-frequency, multi-currency spot and futures trading platform. .

Centralised cryptocurrency exchanges have faced challenges with security and performance, often falling

“Most exchanges self-index, which introduces unnecessary risk. While LEVERJ is decentralised, we fully take into account the importance of safe product design when it comes to derivatives,” said Bharath Rao, co-founder of LEVERJ.

“By partnering with Brave New Coin, we give our users more transparency in the benchmark methodology and instrument design process as well as a greatly expedited product roadmap. It’s our goal to bring the best practices of capital markets into the DeFi space, thus attracting new institutions who wouldn’t trade anywhere with vague rules.”

Brave New Coin CEO, Fran Strajnar, added: “We first envisioned decentralized derivatives back in 2015, but only in the past few months has the ecosystem’s infrastructure finally become strong enough. LEVERJ’s Gluon is representative of this and is a real breakthrough,”

Brave New Coin’s 3rd generation crypto index infrastructure has been in high demand since its launch in early 2020 from companies including BTSE and the Toronto Futures Options and Swaps Exchange (tFOSE).

BNC provides data and index solutions for several partners including Refinitiv, Amazon Alexa, Dow Jones Factiva, NASDAQ, BTSE.com and many more. When you ask Amazon’s Alexa for the price of any cryptocurrency, her answer comes from Brave New Coin’s data engine.

For more news, guides and cryptocurrency analysis, click here.