BlackRock’s BUIDL fund, a tokenized money market fund backed by U.S. Treasurys, is quickly establishing itself as a transformative force in the crypto trading landscape. In a groundbreaking move, leading exchanges Crypto.com and Deribit have announced plans to accept BUIDL as collateral across their trading platforms, signaling a deeper fusion of traditional finance and the […]
Deribit
Crypto.com Strengthens European Footprint with MiFID Derivatives License
Crypto.com has secured a MiFID license to offer crypto financial derivatives in the European Economic Area (EEA). This approval follows its earlier MiCA license, which allowed the company to expand its services across the region. The new license helps the firm expand in Europe and offer its customers more features on the platform. Cyprus-based A.N. […]
Kraken Expands Regulated Crypto Derivatives Across Europe
Kraken, a top cryptocurrency exchange, has expanded its derivatives trading services across Europe. The company now offers regulated futures contracts to retail and institutional customers in the European Economic Area (EEA). This development comes after the exchange acquired a Cypriot investment firm earlier this year, which allowed the exchange to secure a license under the […]
Coinbase Makes History, Joins S&P 500 as First Crypto Company
Coinbase has become the first cryptocurrency firm to become a member of the S&P 500 index. Coinbase’s COIN stock soared after the announcement of its inclusion on the index to replace Discover Financial, which has been purchased by Capital One. This marks an important moment for both Coinbase and the global cryptocurrency industry. Coinbase will […]
Coinbase Acquires Deribit for $2.9B, Dominates U.S. Options Market
Coinbase has decided to purchase the crypto derivatives platform, Deribit for $2.9 billion. The acquisition strengthens the position of Coinbase in the U.S. crypto derivatives market. The deal involves $700 million in cash and 11 million shares of Coinbase Class A common stock. Coinbase faced off rival exchange, Kraken, in a long bidding war to […]
Coinbase in Advanced Talks to Acquire Crypto Derivatives Exchange Deribit
Coinbase is in advanced discussions to purchase Deribit, a major crypto derivatives exchange. The talks are in advanced stages and the companies have notified Dubai regulators about the potential business acquisition. Deribit , a top Bitcoin and Ether options platform, holds a Dubai regulatory license which will be transferred to Coinbase if the acquisition is […]
Sygnum Partners with Deribit to Enhance Institutional Crypto Security: Report
Sygnum Bank has expanded its over-the-counter custody solution Sygnum Protect to Deribit, the largest crypto options exchange. This integration enables institutional traders to trade on Deribit’s contracts while banking on platform’s custody platform. The move is due to reduce counterparty risks and keep the funds out of the exchanges in order to shield them against […]
Deribit Secures Conditional VASP License from VARA, Relocates HQ to Dubai
Crypto derivatives leader Deribit secured a conditional Virtual Asset Service Provider license from Dubai’s regulatory authority, solidifying its global presence within Dubai’s flourishing crypto ecosystem. Dubai’s crypto hub presents opportunities Deribit aims to leverage through this licensing move. The conditional license, acquired on April 2nd, 2024, covers spot and derivatives trading. However, the company remains […]
Bitcoin Futures Break Records At $2.2B
In a major development, the open interest in bitcoin perpetual futures on the Deribit derivatives exchange has recently reached an annual peak, soaring to an impressive $740 million. This level has not been witnessed since November 2021, when Bitcoin achieved its all-time high, surpassing $68,000. Simultaneously, the Chicago Mercantile Exchange [CME] has set a new […]
Bitcoin and Ethereum Options Market Breaks Records
The options markets for both Bitcoin and Ethereum are experiencing a significant boom, spurred by positive developments in the spot BTC events. According to Laevitas, a prominent data analytics platform, there has been a substantial increase in the notional open interest of active BTC and ether options contracts on Deribit, the world’s largest options exchange, […]