Additional board members named were FTX US Derivatives CEO Zach Dexter, who previously served as CEO for LedgerX; Managing Director and Head of Diverse Talent Management and Advancement at DTCC Keisha Bell; Avanti CTO Bryan Bishop; Trader at Grapefruit trading Joe Keefer; President of Baton Systems Jerome Kemp; VP and Deputy General Counsel at Robinhood Lucas Moskowiz; Global … [Read more...] about FTX US Derivatives Names Former LedgerX Chairman Larry Thompson as Board Chair
Derivatives
Bitcoin May Soon Wake From Slumber, Derivatives Data Indicate
Per Glassnode, bitcoin's funding rates recently dipped to negative territory. This, coupled with high open interest, suggests leverage is skewed to the bearish side. So, if bitcoin continues to move sideways, the funding payment would become a burden for shorts, and they may decide to unwind their position, leading to volatility on the higher side. Source link … [Read more...] about Bitcoin May Soon Wake From Slumber, Derivatives Data Indicate
Derivatives Data Shows Softening Crypto Enthusiasm
Implied vols, which are calculated off options premiums and gauge the market’s view of future risk, are down to levels not seen since October 2020. To be sure, regular levels in crypto implied volatilities would signal alarm and panic in the equity market, but since the second week of December, crypto’s implied vols have drifted down. In the past couple of days, that drop has … [Read more...] about Derivatives Data Shows Softening Crypto Enthusiasm
Coinbase Tries to Catch Up to Foreign-Based Rivals With Move Into Derivatives
Derivatives marketplace CME Group could end up being a competitor in the U.S. for Coinbase’s crypto derivatives business, according to Owen Lau, a research analyst at Oppenheimer. CME told Oppenheimer on an earnings call that it has an edge in bitcoin derivatives given its offerings across many asset classes, its risk management experience and its highly regulated platform. … [Read more...] about Coinbase Tries to Catch Up to Foreign-Based Rivals With Move Into Derivatives
Coinbase Buys FairX to Launch Crypto Derivatives
FairX is a relatively young futures platform, which launched its exchange in May 2021 after receiving regulatory approvals in late 2020. However, FairX has relationships with major brokerages including TD Ameritrade, E*Trade, ABN AMRO, Wedbush, Virtu Financial and a handful of others, which offered FairX’s futures products or provided clearing services, according to the … [Read more...] about Coinbase Buys FairX to Launch Crypto Derivatives