Tag: Trading

dYdX Chain’s beta trading launch powers 67% price surge

The decentralized derivatives exchange dYdXโ€™s native token DYDX surged over 21% in the last 24 hours, and nearly 67% over the past week following the official launch of live trading on the dYdX Chain on November 13th. DYDX is the 67th biggest cryptocurrency, with a market cap of $766 million. This place it significantly higher than its competitor PancakeSwap (CAKE) with its current market cap of $636 million. The beta launch enables active trading across 33+ perpetual swap markets after governance approved changing markets from post-only to active trading. Users…

Nexo Launches Simplified Futures Trading with 50x Leverage

Nexoโ€™s futures markets arenโ€™t targeted at high-leverage traders of existing perps exchanges. Rather, theyโ€™re designed for Nexoโ€™s existing customer base, as well as users of other exchanges whoโ€™ve yet to experiment with leveraged products. Crypto exchange Nexo has expanded its core products with the introduction of futures trading. The exchange now allows its users to trade more than 70 assets with leverage. Nexoโ€™s futures markets have been designed for users who may have no previous experience of leveraged trading. For this reason, this new product comes with multiple consumer safeguards…

OKX joins Komainu and CoinShares for institutional segregated asset trading

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Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets to push institutional adoption of digital assets forward. According to OKX, CoinShares will trade on the OKX exchange, while Komainu, a third-party custody provider, holds the collateral assets. This is done to mitigate counterparty risks, such as the other party failing to fulfill its part of the deal in a trading transaction. According to Sebastian Widmann, head of strategy at Komainu, this is a necessary step to attract institutions to…

Crypto Giant OKX Goes Live With Off-Exchange Derivatives Trading

โ€œWe’ve taken a collateral mirroring agreement and embedded that so we can trade the full suite of OKX products in the derivatives platform,โ€ said Fellas in an interview. โ€œThis is a lot more complicated, because you’ve got margin financing, you have to deal with risk mitigation on the downside, for instance; so if the client puts on a huge position and it goes down, how do you deal with collateral calls, etc.โ€ Source

Cboe Digital Set Sight for Bitcoin and Ether Futures Trading in 2024

Cboe Digitalโ€™s planned launch of margin Bitcoin and Ethereum futures is set to complement its existing spot crypto market, which includes trading pairs for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USDC Cboe Global Marketsโ€™ digital asset exchange recently revealed its ambitious plans to revolutionize crypto trading by launching margin futures on Bitcoin (BTC) and Ethereum (ETH) starting January 11, 2024.ย  Cboe Digital to Pioneer Crypto Futures Trading This move positions Cboe Digital as the first US-regulated crypto-native exchange and clearinghouse to facilitate both spot and leveraged derivatives trading on a…

CBOE to launch BTC, ETH margin futures trading in January with 11 firms supporting

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Cboe Digital has announced the launch date of Bitcoin (BTC) and Ether (ETH) margin futures trading โ€“ Jan. 11, 2024. The regulated crypto-native exchange and clearinghouse will become the first in the United States to offer both spot and leveraged derivatives trading on a single platform, it said in a statement. Margin trading increases capital efficiency by allowing customers to trade futures without posting full collateral. The ability to carry out spot and derivative trading on the same platform will also increase efficiency. Cboe Digital president John Palmer said: โ€œWe…

Alphabet Divest Stake in Robinhood Amid Trading Headwinds

Alphabetโ€™s decision to completely divest from Robinhood raises questions about the tech giantโ€™s confidence in the long-term viability of the once-burgeoning fintech darling. In a recent development, Alphabet Inc (NASDAQ: GOOGL), the parent company of Google, announced the dissolution of its stake in the trading app operator, Robinhood Markets Inc (NASDAQ: HOOD). This decision follows Alphabetโ€™s earlier reduction of its stake in the company by nearly 90%, leaving it with approximately 612,214 Robinhood shares. Alphabetโ€™s Investment Journey with Robinhood Alphabetโ€™s initial foray into Robinhood dates back to the early days…

THORChain Now 3rd Largest DEX as Trading Volume Hits $1.32B

Erik Voorhees, a prominent Bitcoin advocate, highlighted THORChainโ€™s significance by noting that it processed almost 2%, equivalent to $224 million, of the overall spot Bitcoin trading volume between November 11 and 12. In a recent development, THORChain has emerged as a powerhouse in the Decentralized Finance (DeFi) ecosystem, claiming the title of the third-largest Decentralized Exchange (DEX) by trading volume. Over the last week, THORChain recorded an impressive $1.32 billion in trading volume, positioning itself just behind Uniswap and PancakeSwap, according to data from DefiLlama. RUNE Token and Trading Surge…

Nearly 50 Jurisdictions Partner To Enable Automatic Info Exchange Between Crypto Trading Firms and Tax Agencies

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Nearly 50 nations including the US are collaborating to enable automatic information exchange between crypto trading firms and tax agencies. In a new press release, the government of the United Kingdom (UK) says that the coalition of jurisdictions is partnering up to create the Crypto-Asset Reporting Framework (CARF) as a means of ensuring tax compliance and combating tax evasion. โ€œTo keep pace with the rapid development and growth of the crypto-asset market and to ensure that recent gains in global tax transparency will not be gradually eroded, we welcome the…

Crypto ETF trading now available for UBS clients in Hong Kong

Swiss financial services company UBS Group AG will now allow wealthy clients in Hong Kong to access three crypto exchange-traded funds (ETFs), joining its rival HSBC Holdings. According to Bloomberg, citing anonymous sources, UBS Groupโ€™s Hong clients can trade Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures ETFs. Those are authorized by the Securities and Futures Commission (SFC), starting from Nov. 10th.ย  Hong Kongโ€™s largest financial institution, HSBC, became the first bank to allow its customers in the special administrative region of China to trade the three…