OrBit Markets to Use Mirror for Secure Access to the World’s Largest Crypto Derivatives Marketplace

2023-06-09  •  3 min read

We’re excited to announce that  OrBit Markets, the institutional liquidity provider of digital asset options and structured derivatives, will integrate Ceffu’s Mirror solution to gain secure access to Binance Futures, the world’s largest crypto derivatives marketplace. Mirror is the only off-exchange settlement solution connected to the Binance Exchange, with support for a variety of digital assets, empowering institutions to execute trades with peace of mind knowing that their assets remain in cold storage while accessing the most liquid cryptocurrency exchange.

“As the leading liquidity provider of digital asset options and structured derivatives, it is critical for us to access the deep liquidity available on the top derivatives exchange while maintaining an institutional-grade risk management framework, including counterparty risk, security and operational risk. We are delighted to partner with Ceffu and to use their off-exchange settlement Mirror solution, allowing us to expand our liquidity access and optimize our internal risk processes.” – Caroline Mauron, Co-founder, OrBit Markets

With its foundation built on our cold storage solution, Qualified Wallet, Mirror allows institutions to deploy capital on the Binance Exchange while their assets remain secure in their segregated, MPC-backed cold wallet on Ceffu for as long as their Mirror position is open. Clients can settle at their discretion at any time from their Ceffu or Binance account. Institutional investors have become more conscious of their exposure to centralized platforms. Our partnership with Binance provides counterparties like OrBit the assurance they need to continue trading on the world’s largest exchange with their assets off-exchange and backed by our audited, compliant, enterprise-grade custody platform, built for institutions.

“Derivatives trading now accounts for almost 80% of the entire crypto market, and Binance dominates it by a large margin. We’re honored to provide OrBit Markets with a unique gateway to that deep market through Mirror. This partnership demonstrates another strong use case for how off-exchange settlement enables institutional investors to trade more confidently and securely by continuing to access the deep liquidity they need without compromising on security.” – Athena Yu, Vice President, Ceffu

Minimize counterparty risk when trading on-exchange with Mirror

Contact our account managers to learn more about how Mirror can support your capital needs with a demo.

About OrBit Markets

OrBit Markets is the leading institutional liquidity provider of digital asset options and structured derivatives. Founded by a team of former executives in finance and technology, OrBit combines its expert know-how in financial derivatives with the latest blockchain technology. With a mission to develop innovative investment and hedging solutions for digital assets, OrBit Markets offers a wide range of products, including vanilla options, exotic options, and structured derivatives across major and alternative cryptocurrencies. Its services encompass structuring, trading, and market making.

For more information, visit www.orbitmarkets.io

About Ceffu

Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC Type 1 & Type 2 attested. Its multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets. Such solutions include insured on-chain cold storage, escrow services, staking, OTC and spot trading.

Institutions also benefit from Ceffu’s secure gateway to a wide range of liquidity products within the Binance ecosystem as Binance’s institutional custody partner through Mirror, its off-exchange settlement solution.

Media contact: pr@ceffu.com 

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