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Until FTX collapsed in November, FTX Europe was the only firm offering special crypto derivatives (perpetual futures) to the European market. Reports have emerged that Coinbase considered acquiring FTX Europe after the exchange’s bankruptcy in November. While the acquisition talks were not successful, Coinbase’s interest in FTX Europe underlines how important
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BitMEX’s prediction market, which its calling its newest derivative product, is going for the former rather than the latter, launching with offerings of prediction contracts on the percentage recovery rate of FTX’s bankruptcy claims, the chance of an approval of a Bitcoin Exchange Traded Fund on or before October 17,
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Bitcoin (BTC) experienced a 5% increase after testing the $25,000 support level on Sept. 11. However, this breakout rally doesn't necessarily indicate a victory for bulls. To put today’s price action in perspective, BTC has witnessed a 15% decline since July. In contrast, the S&P 500 index and gold have
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Kraken, a crypto exchange, is making strategic moves to broaden its offerings in trading and payment. After FTX’s downfall last November, Kraken’s subsidiary Crypto Facilities aims to target the lucrative derivatives sector, which had $1.85 trillion in trading volume across centralized exchanges last month alone. Concurrently, Kraken is also widening
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The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November. Source
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In the past few months, Bitcoin (BTC) traders had grown used to less volatility, but historically, it's not uncommon for the cryptocurrency to see price swings of 10% in just 2 or 3 days. The recent 11.4% correction from $29,340 to $25,980 between August 15 and August 18, took many
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bluzelle (BLZ) has struggled since March. However, the recent spike in the asset’s trading activity has sparked a bull run for BLZ. Data provided by Coinglass suggests that the derivatives trading volume of Bluzelle rose by 300%
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Synthetix, a DeFi project in the crypto space, is preparing to expand its range of affiliated products.Kain Warwick, the founder, revealed intentions to introduce a new derivatives front-end called Infinex to the decentralized trading infrastructure of Synthetix. The upcoming exchange, Infinex, will cater to both novice and experienced traders by
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This July 14 Bitcoin weekly options expiry holds the potential to be a significant turning point for market sentiment, potentially leading to a breach below the crucial $30,000 support level.Despite the initial bullish surge triggered by the spot Bitcoin exchange-traded fund (ETF) requests, the recent macroeconomic data has not been favorable
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The Treasury Department of the United Kingdom has proposed excluding unbacked crypto assets and derivatives from its plans for a digital securities sandbox.In a consultation paper released on July 11, HM Treasury said the regulatory sandboxes that will be established under the country’s Financial Services and Markets Act will provide
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