Coinbase partners with TNS to offer faster transactions to its users

·05/04/2023
·Laeti Marison (SatoshiBelle)

Coinbase and U.S. infrastructure provider Transaction Network Services (TNS) on Tuesday announced a partnership aimed at speeding up the speed and efficiency of transactions on its crypto derivatives exchange platform.

The development is expected to significantly improve the user experience for Coinbase customers, especially during periods of high network congestion.

Cryptocurrency has experienced both volatile and liquid markets, and with institutional adoption remaining strong, we believe the time is right for the offering TNS brings to the table, said Boris Ilyevsky, CEO of CDE.

Coinbase’s Commodity Futures Trading Commission (CFTC)-regulated Derivatives Exchange (CDE), which launched in June 2022 and made headlines in crypto news, aimed to appeal to more retail traders, as the futures contracts offered on the platform involve less upfront investment compared to traditional Bitcoin-indexed futures products.

According to the announcement, the partnership with TNS will allow Coinbase to use TNS’ global low-latency network to offer faster and more reliable transactions. This will reduce transaction times and improve the overall speed and efficiency of the Coinbase platform.

Tom Lazenga, managing director of TNS’ Capital Markets division said:

We are pleased to add the Coinbase Derivatives Exchange to our robust exchange community,” noting that its “institutional clients can now access crypto futures markets with resilient and efficient connectivity.

The partnership is also expected to benefit Coinbase’s institutional clients, who will be able to take advantage of TNS’ extensive global connectivity to more efficiently access crypto markets. This will provide institutional clients with greater flexibility and agility in their trading strategies, allowing them to react more quickly to market developments.

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Article written by: Laeti Marison (SatoshiBelle)

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at Trendingcrypto.news magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.