Deribit, the popular bitcoin and crypto options exchange, today announced a new partnership with 1Token, a front-to-back office financial software for crypto institutions.
1Token is the all-in-one financial software for crypto institutions, supporting 20+ blockchains, 100+ DeFi protocols, and 80+ CeFi and traditional trading venues.
Now, 1Token users can trade all derivative products available on Deribit through the API. 1Token supports all underlying crypto assets including spot, derivatives, structured products, SAFT, POW/POS mining, DeFi, NFT, etc.
In terms of derivatives, users are allowed to perform risk analysis on derivatives trading books (e.g. Delta, Gamma, Theta, Vega, etc.) by allowing clients to define their volatility surface, their term structure, asymmetry and performs scenario analysis for Greeks and PnL.
Additionally, 1Token aggregates real-time market data from over 100 trading platforms and tracks all positions, risks, and trades. Institutions can perform portfolio management, risk monitoring, trade execution, asset transfer, accounting and reporting in one platform with 1Token software.
Debit on 1Token
Crypto PMS features on 1Token allow institutions to track position across multiple instruments and sites, calculate portfolio NAV, and create routine reports such as daily position and PnL summary.
1Token’s crypto RMS allows institutions to set multiple thresholds based on real-time risk rules such as NAV, gross and net exposure, maintenance margin, etc., and immediately send notifications to users through multiple channels (e.g. email, phone call, TG, Slack) once risk rule thresholds are met.
For OEMs, institutions can perform single and multi-step trades, place algo orders (TWAP, VWAP…) through 1Token’s trade execution module, and perform transfers across all CeFi and DeFi accounts and sites.
When it comes to accounting, 1Token maintains all historical balances, positions, and transactions and performs automatic transaction reconciliation every hour. Internal and external risk, performance and cash flow reports can be generated and delivered based on custom metrics and client preferred frequency.
Currently 1 token serves Over 40 institutions, including Algorand Foundation, Amber Group, Animoca Brands, FBG Capital, Matrixport, Metalpha, Zipmex, etc., which in total exceed $20 billion in assets under management.