Around $1.4 billion worth of trading positions got liquidated today as the crypto market dove into the red zone, according to crypto metrics platform ByBt. Earlier today, the price of Bitcoin dipped from $58,660 in the morning to as low as $55,990, dragging most cryptocurrencies alongside. “$946.71M worth of longs liquidated in the past four hours,” ByBt tweeted earlier....
Litecoin, the world’s ninth-largest cryptocurrency by market cap, will soon see an institutional listing in the form of an exchange-traded product (ETP) in Switzerland, as per a...
American investment bank Morgan Stanley plans to allow a dozen of its funds to invest in Bitcoin via cash-settled futures and the Grayscale Bitcoin Trust (GBTC), according to its...
Deri Protocol was founded with the objective of creating a tool that allowed for real DeFi, derivative trending, composability, and openness in the blockchain ecosystem. Derivatives are one of the hottest types of contracts in traditional fand crypto markets due to the level of abstraction they allow investors by mimicking the performance of underlying assets. [...] The post What is Deri Protocol? DeFi...
Singapore-based Bybit continues to add to its lineup of crypto derivatives products for users to trade with the latest expansion of its token coverage following other recent augmentations of the exchange’s product portfolio with the launch of new futures contracts. New Futures Contract Additions Help Enlarge Exchange’s Footprint In a continuation of recent efforts to magnify its crypto ecosystem, Bybit has added...
Vega has closed a $5 million funding round, with contributions from a host of big players. Vega Secures Funding Vega has raised $5 million in a funding round. Investments came from a host of leading venture capital firms and traditional trading companies, with Arrington Capital and Cumberland DRW leading. ...
The ban on all retail crypto derivatives instruments was imposed on January 6, 2021.
The daily trading volume of Ethereum (ETH) futures on the Chicago Mercantile Exchange (CME) has exceeded $75 million, crypto metrics platform Glassnode reported today. Institutional demand: One week after #Ethereum futures launched on CME, daily trading volume reached a total of...
The market cleaned out overleveraged traders in a sudden move downwards yesterday before recovering in the afternoon hours on Monday. Altcoin traders lost over $1.7 billion in the past day as crypto markets took a hit on the back of high funding rates and overleveraged trading. Bitcoin dipped below $46,000 momentarily, while some altcoins fell over 40% in two days....
According to the data analytics platform Laevitas, the Bitcoin options market is seeing a "call buying frenzy." This means that the buyer demand for BTC is rising rapidly in the form of options. The options market has seen significant growth in recent months. Data from Skew shows the total options market open interest has...
Another remarkable partnership has happened in the decentralized finance (DeFi) space. This time around, the partnership is between Layer 2 DEX platform Injective Labs and UniLend. According to an official blog post, the partnership is aimed at launching yield farming for derivatives. To achieve this, both platforms have important and distinct roles to play. Injective Labs, for one, will help in trading derivatives....
The price of Polkadot (DOT) reached a new all-time high of $21.13 ahead of the first DOT-based exchange-traded product (ETP) going live tomorrow. Polkadot is a blockchain-focused on interoperability, transactional scalability, and ease of innovation. It is built on an open-source protocol and offers a sophisticated governance system where all stakeholders can vote for new proposals. At press time, DOT...
DeFi's favorite synthetic assets protocol is getting a revamp. Bellatrix will see Synthetix add a new batch of synthetic DeFi tokens. Synthetix Expands DeFi Offerings Synthetix is launching a new...
The funding round, led by Three Arrows and DeFiance Capital, was also joined by Andreessen Horowitz, Polychain Capital and Coinbase co-founder Fred Ehrsam.
Bitcoin traders are preparing for an extended short-term correction, as options contracts of 118,000 BTC ($3.5 billion) expire on Jan. 29. Bitcoin Price Volatility Ahead Bitcoin's price fell by a record percentage of 13.1% on Thursday. The...
The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.
As the crypto derivatives industry begins to take off, it needs to avoid the lack of transparency that plagued the industry in the 2000s, when the financial system collapsed.
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