Thalex is a crypto-native derivatives exchange that offers stablecoin-settled options and futures. Its product includes linear BTC and ETH contracts with multi-collateral support (BTC, ETH, USDt and USDC) and portfolio-based margining for capital efficiency. Key platform features include 1 bps maker and taker fees, fee advantages for multi-leg options and futures strategies via RFQ, dedicated future-roll order books, RFQs for any-size multi-leg strategies, and a market-maker scheme with protection and strong connectivity. The exchange uses an efficient liquidation process with automated delta-hedging and liquidation auctions to limit market impact and enable orderly reduction of complex risks. The platform is available for public testing at www.thalex.com and is due to go live soon. Thalex intends to use the new funding to expand operations and business reach and is in the process of being authorised as a regulated DLT provider by the Gibraltar Financial Services Commission.

Total raised

$8M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2022