According to a recent report, the world’s largest derivatives exchange CME Group is looking to register as a direct futures commission merchant (FCM). CME Group’s decision follows the digital currency exchange FTX, as the crypto company applied to become a derivative clearing organization and awaits approval from the U.S. Commodity Futures Trading Commission (CFTC). If CME Group is approved to be an FCM, the company can bypass third-party brokers and offer futures directly on the CME platform. Derivatives Exchange CME Group Registers for FCM While FTX Awaits CFTC Approval The…
Tag: Futures
Crypto Futures Exchange BitMEX CEO: Expect an Exchange Token ‘This Year’
The launch of BMEX was delayed earlier this year because of market conditions, but the exchange’s CEO wants to get it launched before the end of 2022. Source
CFTC takes legal action against Digitex futures exchange and CEO
The United States Commodity Futures Trading Commission, or CFTC, filed a complaint against Digitex LLC and its founder and CEO Adam Todd for failing to register the cryptocurrency futures exchange and manipulating the price of its DGTX token. According to a Sept. 30 court filing in the Southern District of Florida, Todd allegedly pumped up the price of DGTX tokens in an effort to inflate Digitex’s holdings. The U.S. regulator claimed the Digitex CEO used different corporate entities as part of a scheme to launch and operate an illegal digital…
Don’t Penalize Crypto in Banking Rules, Futures Industry Group Says
An original June 2021 plan from the Basel Committee, which told banks to issue $1 in capital for each $1 of crypto they hold, drew a volley of criticism for being too conservative, effectively ruling out any incentive to get into crypto markets. A later iteration, published one year later, gave some ground to crypto fans by recognizing the impact of hedging, but also imposed a cap on total exposure to unbacked crypto assets like bitcoin. Source
Binance Resumes Offering Futures Trading Products to South African Users – Emerging Markets Bitcoin News
One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regional regulator and that its activities in South Africa are now above board. Products Offered Unchanged Almost a year after Binance blocked South African users from accessing its futures trading platform, the crypto exchange has said perpetual and delivery futures contracts are now available to eligible users from the country. In a…
Bitcoin Tops $20K as Stock Futures Rise, Dollar Rally Stalls
The pound, in particular, fell to an all-time low of $1.035 on Monday as the government’s plan to implement the biggest tax cuts in 50 years while boosting government borrowing and spending amid high inflation spooked investors. The Chinese yuan fell to 7 per dollar, the lowest since May 2020, triggering fears of a rout in global commodities. Original
Crypto Futures Exchange CoinFLEX’s Creditors to Own 65% of Firm After Reorganization
In the reorganization creditors would own 65% of CoinFLEX. Meanwhile, existing Ordinary Series A shareholders, including the CoinFLEX founders, would lose their equity stakes. Series B investors are to remain shareholders and can be incentivized with future equity over time in the event they bring value to the business. Source
Ironbeam Lets You Trade Bitcoin and Ether Nano Futures Contracts Commission Free – Sponsored Bitcoin News
sponsored Ironbeam is a U.S. registered Futures Commission Merchant (“FCM”) which offers trading on crypto nano futures thanks to a partnership with Coinbase Derivatives. The brokerage charges no commission* on these Bitcoin and Ethereum contracts, as well as requiring low margin. Trade Cryptocurrency Nano Futures Contracts Headquartered at the Chicago Board of Trade, Ironbeam launched in 2010 as a technology-centric futures brokerage firm dedicated to providing technology solutions that cater to the needs of futures participants and the modern futures trader. Now traders can trade Coinbase Nano Bitcoin and Nano…
Bitcoin CRASH auf 13K als nächstes? Celsius Dilemma & Q2 2022 Ausblick! | Crypto News
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Ethereum Merge Has Tied Ether Futures Activity to Staking Yields, Traders Say
The bigger the reward for staking, the greater the number of stakers and the stronger the demand for shorting or selling futures. That’s because staked ether cannot be withdrawn before the next upgrade called Shanghai fork, due in mid-2023, and will earn rewards in ETH, which makes stakers vulnerable to potential ether price slides. Therefore, they will likely hedge their ETH exposure by selling futures contracts tied to ether. Source