trueEX: Wall Street trading firm trueEx is set to launch a derivatives platform for cryptocurrency

Carl Court/Getty ImagesTrueEx is launching a derivatives platform for cryptocurrency, the company announced Monday. It also entered into a partnership with ConsenSys to build a benchmark rate for ether, the second largest cryptocurrency by market capitalization. TrueEx, the trading technology company, is preparing to dive into the world of cryptocurrency with a new derivatives marketplace.The company said Monday it is preparing to launch trueDigital, which will list non-deliverable forward (NDF) contracts for cryptocurrency, the first of which will be for bitcoin. Already, trueEx faciliates trading for interest rate swaps. See the rest of the story at Business InsiderNOW WATCH: Goldman Sachs investment chief: Bitcoin is definitely a bubble, Ethereum even more so See Also:Big Brother is tightening its grip on ICOsCoinbase just made a big move to tap Wall Street's appetite for cryptocurrencyMorgan Stanley is looking to staff up its stock-research unit with crypto talent