Synthetix is a financial primitive enabling the creation of synthetic assets, offering derivatives and exposure to real-world assets on the blockchain. A synthetic asset, in turn, is simply a tokenized derivative that mimics the value of another asset. A spot exchange-traded fund, or ETF, is a typical example of a synthetic asset that could represent…
FTX Europe & MENA (FTX Europe) recently announced that it has obtained a license to establish and operate its virtual asset exchange and clearing house services in Dubai, United Arab Emirates (UAE). With its holding company in Switzerland, FTX Europe is a recently established FTX division that enables the crypto exchange to cater to clients…
The Goldman Sachs Group is reportedly looking into expanding its crypto-related services by offering clients bilateral crypto options, according to people familiar with the matter. Under the bilateral options, clients that hold crypto-like hedge funds or bitcoin miners — will be able to customize their trades to hedge risks or boost yields. Goldman’s global head…
In January, crypto exchanges saw spot volumes reach their lowest level since December 2020, CryptoCompare’s recent market data analysis report revealed. While spot volumes fell 30.2% month-on-month, derivatives market volumes remained steady and reached an all-time high (ATH) market share of 61.2%–suggesting crypto investors turned to hedging and speculation. Spot trading volumes took a severe…
Bitcoin is now into its 12th week of the prevailing drawdown since the all-time-high, and derivatives traders are betting on more downwards movements by the premiere cryptocurrency. Meanwhile, on-chain demand models suggest a more bullish undertone is in play, according to on-chain analysts Glassnode. “As a percentage of the Bitcoin market cap, open interest in…
Leading crypto exchange Coinbase announced the acquisition of FairX, a derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC). The following acquisition will enable Coinbase to enter and explore the derivative trading market. Coinbase acquires derivatives exchange FairX In an announcement made on January 13th, the crypto exchange referred to the acquisition as “a…
Chicago Mercantile Exchange (CME) Group has expanded its crypto derivatives offerings by launching Micro Ether Futures. The number one and most diverse marketplace for derivatives has now launched two micro cryptocurrency products in this year alone. CME launches micro Ether futures According to the global head of Equity Index and Alternative Investment Products, Tim McCourt,…
Binance Research: most large Bitcoin and Ethereum investors hold stablecoins, use cold wallets The research arm of Binance, the world’s largest crypto exchange by trading volume, has published a report that analyzes the results of a survey completed by institutional digital asset investors. 5 min read →
Bitfinex Derivatives, a derivatives platform accessible through Bitfinex, yesterday announced the launch of perpetual contracts for Shiba Inu (SHIBF0:USTF0), OMG Network (0MGF0:USTF0), Bitcoin and Euro Tether (BTCF0:EUTF0), and Ethereum and Euro Tether. The pairs go live next month. Shiba Inu and OMG Network contracts will be settled in Tether tokens (USDt). BTCF0:EUTF0 and ETHF0:EUTF0 will…
The cryptocurrency market saw almost $875 million in liquidations on Tuesday, with over 215,000 traders liquidated across multiple exchanges. According to data from CoinGlass, the largest single liquidation order happened on Binance, where a $10.37 million LTC/USD position was closed. Bitcoin led the way when it comes to liquidation size, with just under $7 million,…