Linear derivatives
Forwards, futures and swaps for directional exposure and hedging.
[ Stelaxis Markets / Derivatives ]
Shape your exposure.
Trade it with one counterparty.
Trade forwards, futures, swaps and options on digital assets directly with Stelaxis as principal. Tell the desk the underlying, size, tenor and payoff you want, and we will quote the trade.
Trade with Stelaxis
For eligible institutions
trading for their own account
For institutional counterparties. Stelaxis trades as principal; access depends on jurisdiction, eligibility and the agreed relationship. Digital assets and derivatives involve risk. Read the risk disclosures.
[ What you can trade ]
Instruments, quoted
by Stelaxis.
Instruments, sizes and terms are agreed for each relationship.
Options
Vanilla options quoted for your strike, tenor and size.
Tailored structures
Combinations of instruments quoted as one trade, around a payoff you define.
Treasury hedging
Derivatives traded against corporate, fund and token treasury holdings.
[ In practice ]
Start with your use case.
Examples of what institutions trade with Stelaxis.
All use casesHedge a holding
A treasury managing price exposure on its digital asset holdings.
Take a market view
A fund taking directional or relative-value exposure.
Define a payoff
An institution with a specific tenor and risk-return profile.
[ Getting started ]
Make the first conversation useful.
Share the outline of your trade. We will confirm eligibility, the counterparty relationship and terms before you trade.
Trade with Stelaxis- 01Underlying asset and current or target exposure
- 02Size, tenor and payoff
- 03Settlement requirements and any constraints
[ Before you start ]
A few practical answers.
Can the desk quote tailored structures?
Yes. The desk can quote tailored options and combinations of instruments as one trade. Availability and terms depend on the underlying, size, tenor, jurisdiction and your counterparty relationship.
Do we need to use Stelaxis Edge?
No. Trading with Stelaxis works on its own. Edge is separate, licensed software for your wider trading operation, with or without trading with Stelaxis. Explore Edge.
How is availability confirmed?
Products and terms depend on instrument, jurisdiction, counterparty eligibility and onboarding. The trading entity, any onboarding partner and the scope are confirmed before the relationship goes live. Read the trading and partner roles.
[ More from Markets ]
Explore more of Markets.
Principal trading
Spot trading
Buy, sell or rebalance digital assets with Stelaxis as principal, from quote to settled in four steps.
Funds · Treasuries · Trading firms
Conversion
Stablecoin ↔ fiat
Convert between stablecoins and fiat currencies, with the rails for each leg agreed before you trade.
Treasuries · Funds
[ Trade with Stelaxis ]
Ready to trade
more efficiently?
Tell us the instrument, size and channel. We will confirm eligibility, terms and settlement before you trade.