Tag: derivatives

Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months

Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months

Following the charged-up debut of the Proshares bitcoin exchange-traded fund (ETF), Valkyrie’s bitcoin futures ETF and the Vaneck bitcoin strategy ETF, interest in these types of funds seems to have faded a great deal. After the Proshares bitcoin ETF BITO reached an all-time high on November 10, the ETF is down 39% over the last […]

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Competitive outlook for DeFi in 2022

Competitive outlook for DeFi in 2022

Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report Some DeFi sectors could benefit from user base diversification, such as prediction markets, non-dollar stablecoins, etc. DeFi would continue to foster innovation in areas like derivatives, liquidity bootstrapping, governance, etc. DeFi is set to bifurcate into two branches, a […]

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FTX US gains membership to international derivatives agreements body ISDA

FTX US gains membership to international derivatives agreements body ISDA

FTX US has obtained a membership to the Futures Industry Association (FIA) and the International Swaps and Derivatives Association, Inc.(ISDA), putting the crypto exchange service on firmer ground when it comes to cleared swaps compliance. ISDA is an organization with an international membership that draws up agreements for member firms dealing in derivatives.  It sets […]

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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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