Tag: Futures

Ethereum Breaks $2,900, But Watch Out For Futures Overheating

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Ethereum has broken beyond the $2,900 level during the past day, but data shows the futures market may be starting to become overheated. Ethereum Has Now Broken Through The $2,900 Level While Bitcoin has slumped to an overall sideways trajectory recently, Ethereum appears to have decided to pick a path of its own, as the second largest asset in the sector has surged almost 4% over the past 24 hours. During this latest jump, Ethereum has touched the $2,900 mark for the first time since the start of May 2022.…

Binance Futures to launch ORDI perpetual contract

Cryptocurrency exchange Binance announced the listing of the ORDI perpetual contract. According to a post on Binance Futures, the platform will launch a USDC-margined ORDI perpetual contract on Feb. 22, 07:00 (UTC), with up to 75x leverage. The maximum financing rate for the ORDIUSDC perpetual contract at launch will be +2.00% and -2.00%. The funding fee calculation frequency will occur every four hours. Users will be eligible for a 10% discount on trading fees for all USDC margined futures contract trades until April 03, 12:30 pm (UTC). Following the news,…

Nischal Shetty of WazirX and Avinash Shekhar from ZebPay Unveil India’s Pioneering Crypto Perpetual Futures Exchange Pi42

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Seasoned cryptocurrency professionals Nischal Shetty and Avinash Shekhar have unveiled Pi42, the nation’s pioneering Crypto-INR Perpetual Futures Exchange. The launch of Pi42 marks a milestone in the Indian crypto landscape, offering a compliant platform with a focus on growth and accessibility. Despite India being one of the largest crypto markets globally, local investors have faced limited opportunities in crypto derivatives trading. Pi42 aims to bridge this gap by providing Indian investors with a comprehensive solution that encompasses a diverse range of derivatives while ensuring compliance, tax efficiency, and user convenience.…

FMX Futures Exchange Gains CFTC Approval

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BGC Group, Inc., a global brokerage and financial technology company, has announced that its FMX Futures Exchange has received approval from the Commodity Futures Trading Commission (CFTC) to operate an exchange for US Treasury and SOFR (Secured Overnight Financing Rate) futures. These futures contracts are among the most widely traded in the world. FMX’s clearing agreement with LCH SwapClear, one of the largest holders of interest rate collateral globally, uniquely positions FMX to compete in the US interest rate market. Howard W. Lutnick, Chairman and CEO of BGC Group, Source:…

Ethereum Futures Market Cool Off Sets Stage For ETH To Rally: Quant

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An analyst has explained that the latest cooldown in the Ethereum futures market could suggest there is potential for a price rise to resume for ETH. Ethereum Funding Rates Have Seen A Decline Recently An analyst in a CryptoQuant Quicktake post explained that the ETH funding rates have seen a cooldown from their previously overheated levels. The “funding rate” refers to the periodic fees that futures contract holders on derivative platforms currently exchange with each other. When the value of this metric is positive, it means that the long contract…

Crypto Market Sentiment Positive Despite BTC’s Price Weakness, CoinDesk 20 Perpetual Futures Show

CoinDesk Indices, a subsidiary of CoinDesk, introduced the CoinDesk20 index on Wednesday. The CoinDesk 20 is a broad crypto market benchmark, representing over 90% of the total value. While bitcoin and ether (ETH) account for just over 50% of the index, other tokens like filecoin (FIL), stellar’s XLM, aptos’ APT, XRP, dogecoin (DOGE), and others make for the rest, making it an S&P 500-like gauge. Source

$89,500,000,000 Asset Manager To Shut Down Bitcoin Futures Exchange-Traded Fund Days After Approval of Spot ETFs

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A financial services giant with nearly $90 billion in assets under its management is shutting down its futures Bitcoin (BTC) exchange-traded fund (ETF) just days after the U.S. Securities and Exchange Commission approved a slew of spot market BTC ETFs. According to a new press release, New York-based investment management firm VanEck says that it plans to close and liquidate the VanEck Bitcoin Strategy ETF, an exchange-traded product listed on the Chicago Board Options Exchange (CBOE). “As the sponsor of VanEck ETFs, VanEck continuously monitors and evaluates its ETF offerings…