IDAP and Sparx Ventures Announce Strategic Partnership

SEYCHELLES – 06-28-2019 ( —  IDAP ( is pleased to announce that Sparx Ventures, an early-stage venture capital firm focused on investing in and mentoring promising, high-growth technology businesses, is joining the project as our strategic partner.

IDAP CEO, Awanish Rajan, stated “We are excited to have Sparx Ventures join us in our endeavour. Sparx Ventures’ managing partners, Simon Gerovich and Colin Baker, are veterans of the traditional equity derivatives markets and have helped to build a variety of diverse businesses. IDAP’s goal is to enable all traders and investors to access the crypto space through its platform with the same freedom they enjoy in the fiat derivatives markets. Their vast experience and expertise in fintech and broad business relationships will be very valuable for IDAP to launch on the international stage. The entire team looks forward to working closely with them.
 To fully realise the potential of the relatively untapped crypto derivatives market, there is an immediate opportunity to onboard professional traders by offering them access to a platform which matches the capabilities of traditional trading systems. We aim to cultivate a global network of crypto traders with IDAP’s state-of-the-art crypto derivatives exchange, and Simon and Colin’s years of experience as both active investors as well as traders in the equity derivatives market. Simon and Colin are big believers in the opportunities that crypto provides to traders, and their insights will be most helpful in delivering IDAP’s vision of a complete crypto derivatives ecosystem.Simon Gerovich said, “When I first encountered IDAP, I immediately recognized that it had the potential of becoming one of the top crypto derivatives exchanges. IDAP’s advanced desktop platform brings to the crypto world the functionality, speed, reliability and risk management required by professional and institutional traders. Sparx’s aim is to help develop IDAP’s global footprint, and assist in the onboarding of institutional clients and professional traders. I have every confidence in this team’s ability to deliver, and they have already achieved an important milestone by recently launching a public testnet of their exchange. Colin and I are very excited to partner with IDAP.
 “Whilst there are already dozens of crypto exchanges, very few offer derivatives, and with IDAP’s planned roll-out of derivative instruments and spreads, our aim is to make it the preferred derivatives exchange for both sophisticated traders looking to execute complex trading strategies as well as retail investors wishing to control their risk by using products such as spreads and options. The IDAP team have a deep understanding of the derivatives ecosystem as well as extensive trading and technology experience. Their collaborative team approach positions them well to create something very valuable in this growing part of Fintech space.” added Colin Baker.IDAP is gearing towards the public launch of its crypto derivatives exchange in Q3 2019.About Sparx Ventures
Sparx Ventures provides early-stage venture capital and mentoring for promising, high-
growth technology-related businesses. Sparx’s Managing Partners are Simon Gerovich and
Colin Baker, two former derivatives traders who now actively invest in and manage a variety
of businesses in real estate, hospitality, technology, and healthcare.
Simon is the Chairman of Red Planet Hotels and a former derivatives trader at Goldman
Sachs. Colin had a 20-year career trading equity derivatives, initially on the London Traded
Options Market (now part of LIFFE) and later in Japan trading Japanese equity derivatives.
He is the Executive Chairman of 365 Aviation Ltd and is a board member of several other
 About IDAP
IDAP is set to be the first complete crypto derivatives exchange, offering diverse trading
instruments including low-risk derivative strategies such as calendar and butterfly spreads. Its
institutional grade infrastructure and highly advanced desktop platform with point-and-click
ladder trading will supply a best-in-class derivatives trading platform.For more information, visit and follow IDAP on Twitter.

Media Contacts:

Company Name: IDAP
Full Name: Anupam Agarwal
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