Transaction Network Services (Ƶapp) today announced the deployment of a Ƶapp cloud-based financial trading infrastructure solution for the (CDE). The partnership supports a significant enhancement to the regulated futures exchange.
The Ƶapp deployed hardware solution for CDE consists of the recently announced Ƶapp Dedicated Server offering that will enhance the Coinbase Derivatives Exchange infrastructure collocated in Secaucus, NJ and Aurora, IL. The Ƶapp Dedicated Server offering was developed to deliver low latency trading execution, improve storage capabilities, and process the large data sets that will be required due to the fast growth and adoption of the Coinbase Derivatives Exchange.
CDE will also be connecting to the Ƶapp network which allows for direct low latency access to CDE through any Ƶapp data center globally and will provide access to Ƶapp’ extensive financial community of more than 2,800 endpoints.
“We’re pleased to add the Coinbase Derivatives Exchange to our robust exchange community,” said Tom Lazenga, General Manager of Ƶapp’ Financial Markets business. “Our institutional customers can now access crypto futures markets with resilient, high-performance connectivity.”
The dedicated hardware, hosting and switching compute system was staged in the Equinix NY6 data center and deployed into the current production CDE sites in Secaucus, NJ and Aurora, IL. In conjunction with CDE and their network team, Ƶapp procured and deployed the systems at a time of high demand for network hardware and long lead times. Ƶapp’ Cloud platform, including the recently announced Dedicated Server offering, allows for rapid installation, alleviating supply chain challenges.
“Ƶapp helps us deliver a resilient product that traders and investors can trust,” said Boris Ilyevsky, Coinbase Derivatives Exchange, CEO. “Crypto has witnessed both volatile and liquid markets and with institutional adoption remaining strong, we believe the time is right for the offering that Ƶapp brings to the table. Dedicated cloud infrastructure connectivity coupled with our derivatives exchange represents a mission-critical step toward supporting and maintaining a vibrant and reliable crypto derivatives market.”
Ƶapp’ solutions are supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, Ƶapp offers a range of connectivity, colocation, cloud, market data and VPN solutions within its IaaS portfolio. Its solutions are monitored 24x7x365 by Ƶapp’ Network Operations Centers in the US, UK, Australia, and Malaysia. For further information visit .
