Category: derivatives

Solana-based derivatives network Hxro raises $34 million in token round

Solana-based derivatives network Hxro raises $34 million in token round

Hxro (pronounced “hero”) Network, a Solana-based derivatives trading platform, has raised $34 million in a token round. SIG DT Investments (a Susquehanna International Group company), Jump Crypto, and Blockchain Capital co-led the round, with Alameda Research, Chicago Trading Company, Solana Ventures, Coinbase Ventures, Commonwealth Asset Management, and others also participating. The new funding round comes […]

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Current state of DeFi in 2021: Part 1

Current state of DeFi in 2021: Part 1

Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report Maker was the largest lending platform by value locked and outstanding debt Curve and Uniswap v3 were the largest decentralized exchanges by value locked and volume, respectively dYdX outpaced other derivatives protocols in volume after the introduction of its […]

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Los Angeles Angels’ Shohei Ohtani Joins FTX’s Global Ambassadors, MLB Superstar to Be Paid in Crypto

Los Angeles Angels’ Shohei Ohtani Joins FTX’s Global Ambassadors, MLB Superstar to Be Paid in Crypto

The cryptocurrency firm FTX Trading Ltd. announced on Tuesday that the Major League Baseball (MLB) legend Shohei Ohtani also known as “Shotime” has joined the company’s global ambassadors. According to the announcement Ohtani will be paid in cryptocurrencies and will acquire an equity stake in the crypto company. Angels’ Shotime Joins FTX At the end […]

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Google Strikes 10-Year Cloud Deal, Pumps $1 Billion Into CME Group

Chicago Mercantile Exchange CME Group has announced a strategic partnership with Google as part of its access expansion efforts. According to CEO and chair of CME Group Terry Duffy, the collaboration and investment will improve the company company’s chances of transforming derivatives markets through technology, while also creating efficiencies for all market participants. Google Invests […]

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Bitcoin demand trends ‘downwards’ as institutions move into DeFi and ‘blue chip’ alts, says Genesis

Bitcoin demand trends ‘downwards’ as institutions move into DeFi and ‘blue chip’ alts, says Genesis

The further institutionalization of bitcoin has made it less attractive to more opportunistic traders, according to Genesis’ most recent quarterly report.  The report, which covers activity across the firm’s lending, trading, and custody businesses, noted that bitcoin demand trended downward because of a drop in opportunities for traders to profit from market inefficiencies.  “While this […]

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Derivatives Exchange Giant CME Group Announces Micro Ethereum Futures Launch

Derivatives Exchange Giant CME Group Announces Micro Ethereum Futures Launch

On Tuesday, the world’s largest financial derivatives exchange, Chicago Mercantile Exchange (CME) Group, announced the upcoming launch of ethereum-based micro futures slated to be listed on December 6. The launch follows CME Group’s bitcoin micro futures listing in May, which saw 100,000 micro bitcoin futures traded during the first six days after launch. CME to […]

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Gemini eyeing launch of derivatives, hiring for new director

Gemini eyeing launch of derivatives, hiring for new director

Gemini — the cryptocurrency exchange run by the Winklevoss twins — is eyeing the derivatives market.  The firm, which offers cryptocurrency services for both institutional and retail users, is currently hiring for a director of derivatives to “build a best in class derivatives platform,” according to a job posting.  “We are looking for a candidate […]

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Mapping out the Institutional Digital Asset Infrastructure space

Mapping out the Institutional Digital Asset Infrastructure space

Quick Take The current market capitalization of the digital assets market sits at $2.5TN and nearly $17.8 billion in venture capital has poured into crypto firms from the beginning of the year From Paypal to Visa to Tesla to Morgan Stanley, some of the world’s largest and most well-respected institutions have adopted Bitcoin, digital assets, […]

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Binance shuts down derivatives trading in South Africa

Binance shuts down derivatives trading in South Africa

Global crypto exchange Binance is cutting down its crypto trading offerings in South Africa. On October 8, Binance published a blog post announcing the immediate end to futures, options, margin and leveraged trading for users in South Africa. Users with open positions will have until January 6 to close them. On the firm’s local Telegram […]

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