Thalex, a rising star in the crypto derivatives market, is making bold moves to challenge industry leader Deribit. With strategic partnerships, significant funding, and a focus on user experience and market fairness, Thalex is positioning itself as a formidable contender in the industry.
Founded in 2020, Thalex has quickly gained traction with its platform offering stablecoin-settled options, futures, and perpetuals. The company’s unique approach to simplifying complex trades and enhancing user experience has attracted notable investors and institutional customers, with $1.5 billion in trading volume already processed since its launch in 2023.
As the crypto options market evolves, Thalex is catering to the growing demand for innovative offerings like linear options, daily-settled futures, and perpetuals in USDT. Co-Founder and CEO Hendrik Ghys is confident in Thalex’s potential for significant volume growth and delivering a frictionless trading experience for users.
Thalex’s Market Quality Program (MQP) is also setting a new standard in market fairness by rewarding limit orders with a $200,000 monthly pool, regardless of volume. This approach targets both institutional market makers and retail quants, emphasizing Thalex’s commitment to leveling the playing field for all participants.
With a hybrid distribution strategy and plans to expand its user base and scale operations, Thalex is on track to become a serious alternative to Deribit in the crypto derivatives market. As the company continues to grow and innovate, the industry could see a significant shift in the coming months.
