Futures Archives

Bitcoin Futures Index to Debut in Argentina in May

April 12, 2023

A Bitcoin futures index in Argentina is a huge relief as the country is currently struggling with high inflation. CNV, The securities regulator in Argentina, has approved a Bitcoin futures index on a local exchange. Following the approval, the Bitcoin futures index will launch in Argentina in May on Matba Rofex. The exchange got the green light to roll out the Bitcoin futures next month, boasting as the first Latin American exchange to onboard such a product. Authorizing the Bitcoin-based futures is part of the regulator’s strategic innovation agenda. The…

Argentina securities regulator approves Bitcoin futures index

April 12, 2023 boss

The securities regulator of Argentina has approved a Bitcoin-based futures index set to debut on the Matba Rofex exchange. The Bitcoin (BTC) futures contract will start trading in May, with the exchange claiming it would be the first regulated Bitcoin futures index in Latin America. The National Commission of Value (CNV), the country’s securities regulator, approved the Bitcoin futures index as part of a strategic innovation agenda. The innovation agenda, which launched in the first quarter of 2022, is focused on creating a space for public-private collaboration to develop new and creative products…

Bitcoin Shorts Take on 87% of Futures Liquidations as BTC Crosses $30K

April 11, 2023 boss

“Bitcoin has effectively decoupled from the traditional markets since the start of the year, up over 80% while stocks have slumped,” said Alex Adelman, CEO of bitcoin rewards app Lolli, in an email to CoinDesk. “Bitcoin’s strength compared to the traditional markets shows that investors are increasingly shifting their capital into bitcoin, choosing it instead of traditional investments to build their wealth.” Original

Dogecoin Futures Set Record After Twitter Adopts Shiba Inu Logo

April 5, 2023

Data shows funding rates, or a fee paid by leverage traders to remain in a futures position, is an average of +0.01% on cryptocurrency exchange Binance, which has the highest open interest among counterparts, and a similar fee on Bybit. Rates on OKX are fluctuating between -0.04% and +0.02%. Positive rates imply leverage is skewed on the bullish side. Source

Dogecoin Futures Liquidations Jumps to $26M After Twitter Displays Token’s Logo for Some Users

April 4, 2023

CryptoX – Cryptocurrency Analysis and News Portal Both longs, or bets on, and shorts, or bets against, were nearly equally impacted. Longs saw $10 million in liquidations while shorts took on $13 million. Traders on crypto exchange OKX were the most impacted, taking on $12 million in losses on dogecoin futures positions. Source The post Dogecoin Futures Liquidations Jumps to $26M After Twitter Displays Token’s Logo for Some Users appeared first on CryptoX. CryptoX Portal

Dogecoin Futures Liquidations Jumps to $26M After Twitter Displays Token’s Logo for Some Users

April 4, 2023

Both longs, or bets on, and shorts, or bets against, were nearly equally impacted. Longs saw $10 million in liquidations while shorts took on $13 million. Traders on crypto exchange OKX were the most impacted, taking on $12 million in losses on dogecoin futures positions. Source

National Futures Association adds rules for members handling digital assets

March 31, 2023 boss

The National Futures Association (NFA), the United States self-regulatory organization for derivatives markets, has issued a new compliance rule addressing members’ conduct. The new rule complements requirements issued in 2018. The NFA has “well over 100” members that engage in activities with digital asset commodities, but no way to address fraud or misconduct committed by those members, the organization explained to secretary of the Commodity Futures Trading Commission (CFTC) Christopher Kirkpatrick in a Feb. 28 letter as it submitted the proposed new rule for approval. The new rule is modelled…

U.S. Futures Watchdog Issues Compliance Rule for Crypto Activities Among Members

March 31, 2023

The Commodity Futures Trading Commission (CFTC) oversees the NFA and the wider industry, though questions remain as to the extent of its authority over digital assets. A number of legislative efforts in the U.S. Congress have sought to give the CFTC undeniable powers over crypto commodities and the spot market, but the bills haven’t yet produced results. Source

Bitcoin Inches Toward $28K as Traders See $260M in Futures Liquidations

March 23, 2023 boss

Some remain upbeat about the medium-term outlook for bitcoin and the broader market. Original

Open Interest in Bitcoin Futures Hits Yearly High of $12B

March 20, 2023 boss

A Taipei-based trader at Quantrend Technology, a large market maker on Binance, told CoinDesk in a note that bitcoin has hit the highest level since the collapse of Luna last year, which is also a positive psychological indicator that market sentiment is optimistic. Original