The leading data communication firm, Transaction Network Services (TNS) will deploy its cloud computing servers and network hardware solutions to support Coinbase Derivatives Exchange (CDE).
The deployment includes a TNS Dedicated Server to improve the performance of Coinbase Derivatives Exchange infrastructure lumped in Secaucus, NJ, and Aurora, IL. It will empower Coinbase Derivatives Exchange with effective capabilities such as low latency trading execution, improve storage capabilities, and processing large data sets. Such new capabilities will help CDE in accelerating its growth and adoption.
Furthermore, CDE will also get access to TNS network, which will allow it to gain low latency access through any TNS data center globally. It will also provide access to TNS’ extensive financial community of more than 2,800 endpoints.
“We’re pleased to add the Coinbase Derivatives Exchange to our robust exchange community,” Tom Lazenga, General Manager of TNS’ Financial Markets business stated in the press release. “Our institutional customers can now access crypto futures markets with resilient, high-performance connectivity.”
The dedicated hardware and switching compute system were put in the Equinix NY6 data center and then deployed in the production CDE sites in Secaucus, NJ, and Aurora, IL. TNS worked with CDE and their network team to get the systems during a time when there was a high demand for network hardware and long lead times.
TNS was able to procure and deploy the systems quickly using their cloud platform, including the Dedicated Server offering, which allows for speedy installation and helps to relieve supply chain challenges.
Boris Ilyevsky, Coinbase Derivatives Exchange, CEO said, “Crypto has witnessed both volatile and liquid markets and with institutional adoption remaining strong, we believe the time is right for the offering that TNS 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.”
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