Brave New Coin announced this Friday that it has expanded its partnership with BTSE, a multi-currency spot and futures trading platform, to deliver five extra indices by the end of this year.
Under the agreement, the first new product created by the digital asset trading, research and data company, Brave New Coin, will be a DeFi index. This will facilitate BTSE’s goals to expand its offering in the decentralised finance marketplace.
Commenting on the announcement, Jonathan Leong, CEO at BTSE said in the statement: “As interest in DeFi grows, our customers are looking for ways to tap into the open finance ecosystem, and Brave New Coin’s sophisticated tools will help us deliver these highly sought-after products.”
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Brave New Coin and BTSE Team up Once Again
The extension of the partnership, announced today, follows on from the two companies partnering up last year to launch an institutional-grade index which tracks the real-time market performance of three cryptocurrencies: Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).
According to the statement today, the index product launched, by the two companies, was one of the first globally to track multiple crypto assets with multiple pricing sources at sub-second frequency.
“As the crypto market matures, we continue to see traders requesting institutional-grade features. At the same time, we’re seeing an increase in demand for DeFi-products,” added Fran Strajnar, CEO and Founder of Brave New Coin in the statement today. “BTSE recognizes the evolving needs of today’s traders, and we’re pleased to be collaborating to provide state-of-the-art solutions for their platform.”
BTSE is a financial technology exchange and facilitates futures and spot trading via its platform, as well as multi-fiat on-ramps and off-ramps. Brave New Coin, on the other hand, provides data and index solutions for a range of partners. These range from NASDAQ, Refinitiv, Amazon Alexa, and Dow Jones Factiva.