Bitcoin ETF options trading in the U.S. is expected to start today. Options on BlackRock’s iShares Bitcoin Trust (IBIT) ETF cleared the last regulatory hurdle on Monday, and they could bring more institutional appetite for the largest cryptocurrency. “This marks a monumental shift,” 10x Research said in a Tuesday newsletter. The products “could attract significant trading volumes, potentially driving sharp price rallies in bitcoin,” it said. For example, MicroStrategy (MSTR), the Nasdaq-listed company that owns the largest corporate BTC treasury in the world, is punching above its weight due to…
Category: ICO
After Binance’s Costly Lesson, Do Rival Crypto Exchanges Risk Running Afoul of U.S. Rules?
Bybit, Bitget and OKX, three of the largest cryptocurrency exchanges, all prohibit traders from the U.S., where the companies are not licensed. Yet in August, the three exchanges combined had almost a million monthly active users (MAUs) in the U.S., according to research by Sensor Tower obtained by CoinDesk. Source
Crypto Valley (CVEX) DEX to Go Live in January Offering Cheap On-Chain Futures and Options Trading
Futures and options account for a huge amount of trading in traditional markets, but crypto derivatives are disproportionately small, CEO James Davies, a co-founder of the company, said. Large centralized exchanges historically opted for payments licenses, which didn’t allow for derivatives trading, though a gap in the regulations regarding perpetuals allowed those products to be introduced. Source
MARA’s Convertible Notes Offering Oversubscribed, Upsizes Note Offering to $850M
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation.…
Crypto Exchange Gemini Starts France Operations as EU MiCA Regs Open Door to Rest of Europe
“Gemini’s research into the French market shows its growing interest in digital assets, and a robust regulatory framework presents a unique opportunity to introduce our platform to the trading community and extend our presence in the European market over the coming months,” Gillian Lynch, Gemini’s CEO of U.K. and Europe, said in a statement. Source
Ethereum’s Ether (ETH) Token Has Fallen Out of Investor Favor And How
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation.…
Bitcoin Price at $100K No Longer a Dream Believe Traders, but Blow-Off Top Warning in Near Term
“We feel that the ‘easy’ part of the rally has been done and the next stage will be much trickier with more price choppiness and potential for drawdowns,” Augustine Fan, head of insights at SOFA, told CoinDesk in a Telegram message. “Bitcoin dominance remains on a one-way trend higher reminiscent of the mega-cap dominance in SPX, and is not particularly desirable for this stage of the crypto ecosystem.” Source
Decentralized AI Project Morpheus Goes Live on Mainnet
Morpheus went live on a public testnet, or simulated experimental environment, in July. The project promises personal AIs, also known as “smart agents,” that can empower individuals much like personal computers and search engines did in decades past. Among other tasks, agents can “execute smart contracts, connecting to users’ Web3 wallets, DApps, and smart contracts,” the team said. Source
California Judge Puts the Kibosh on Kraken’s Interlocutory Appeal Attempt
A California judge has rejected Kraken’s motion for interlocutory appeal, saying in a Monday decision that allowing an appeal would only “delay resolution” of the U.S. Securities and Exchange Commission’s (SEC) ongoing case against the crypto exchange. Source
Bitcoin ETF (BTC) Options Could Come Tomorrow
“Our intent at Nasdaq is to list and trade these options as early as tomorrow,” Alison Hennessy, head of ETP listings at Nasdaq, told Bloomberg TV. “Getting these options listed on IBIT into the market I think will be very exciting for investors because that’s really what we have heard from them.” Source