On June 5, 2024, the crypto derivatives exchange Bitmex announced it is offering 200x leverage for ethereum perpetuals ahead of the U.S. ether exchange-traded funds (ETFs) trading debut. Bitmex Ramps Up Ethereum Trading With 200x Leverage Offering According to a social media post on X published Wednesday, Bitmex is introducing 200x leverage perpetuals for ethereum…
Read more
Cboe plans to close its spot crypto trading platform by Q3, with cash-settled crypto futures moving to the Cboe Futures Exchange by 2025. Cboe also plans to streamline its digital asset operations, it said on Thursday. Its digital asset derivatives will be integrated into its broader Global Derivatives and Clearing business. Cboe stated these adjustments…
Read more
The valuation of bitcoin (BTC) tapped the $68,000 mark merely 17 hours following its dip to $60,760 per unit. Following the latest Federal Open Market Committee (FOMC) session, the entire crypto market has seen a 5.9% upturn, with bitcoin rising 6.8% versus the U.S. dollar. Crypto Market Liquidations Reach $444 Million as Long and Short…
Read more
Source: Pexels UK asset management firm M&G Plc announced it has invested $20 million in the bitcoin derivatives exchange, Global Futures & Options Holdings (GFO-X) looking to support “regulated trading of digital assets” and meet demand from institutional investors. GFO has a partnership with London Clearing House, which is regulated by the Financial Conduct Authority…
Read more
Getting regulatory approval has been crucial for companies, particularly in a tight regulatory environment during the crypto winter. As the final weeks of 2023 approach, it’s fair to say that one of the most dominant trends and drivers of crypto companies’ strategies over the past months can be summed up in a single word: licenses. …
Read more
Binance has submitted a new motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) against it. The leading cryptocurrency exchange urges the court to reject the agency’s attempt to expand its territorial reach beyond the United States. Binance Accuses CFTC of Using U.S. Lawsuit as a ‘Trojan Horse’ to Gain…
Read more
A congressional committee in Brazil has concluded that four Binance officials, among them company CEO Changpeng Zhao (CZ), should be indicted. The suggestion follows a probe targeting crypto platforms suspected of operating pyramid schemes and can potentially affect the global crypto company’s plans in Brazil and add to its legal challenges. Parliamentary Committee Suggests Indictment…
Read more
Crypto derivatives exchange Bitget has launched a new intelligent bot – Smart Portfolio – which allows users to rebalance assets based on price volatility, in a move to boost profits. Rebalancing a crypto portfolio effectively is important to manage risks, trade in line with investment objectives, and potentially increase returns. The bot promises to empower…
Read more
To expand its derivatives business overseas, Coinbase attempted to acquire FTX Europe twice since it filed for bankruptcy in November 2022. Crypto exchange Coinbase attempted to acquire FTX Europe twice since it filed for bankruptcy in November 2022, hoping to broaden its derivatives business overseas. The company, however, has decided not to go forward with…
Read more
The former president of FTX US founded the company in January to serve institutional investors in crypto and traditional derivatives. Architect Financial Technologies, the startup founded by former FTX US president Brett Harrison, will provide derivatives brokerage services following its Architect Financial Derivatives subsidiary receiving approval from the National Futures Association (NFA) to operate as…
Read more
