Derivatives


Finance

Shuttered AAX Will Close Out Derivatives, Citing ‘Chance’ of Return to Normal

The Hong Kong crypto exchange hopes to be able to raise enough capital to reopen following a hack.

Hong Kong skyline (anuchit kamsongmueang/Getty Images)

Markets

Institutions Take Bearish Stance on Bitcoin, Create Arbitrage Opportunity

The record discount in the front-month bitcoin futures traded on the CME indicates institutions are biased bearish. The discount may attract arbitrageurs.

The record bitcoin futures discount suggests institutions are biased bearish. (Arcane Research)

Policy

Health of FTX’s US Derivatives Arm Owed to Oversight, Says CFTC Chief Behnam

The former LedgerX unit seems to be in good shape, Behnam said at a Chicago event, though its controversial application to directly clear customers’ derivatives trades was withdrawn.

CFTC Chair Rostin Behnam (Suzanne Cordeiro/Shutterstock/CoinDesk)

Finance

FTX Withdraws US CFTC Derivatives Clearing Plan

The company previously submitted a plan that it hoped would allow customers to assess and respond to derivatives risks in real time.

(Jesse Hamilton/CoinDesk)

Markets

Panic Grips SOL With Record Volatility and Massive Put Demand

An incoming supply deluge seems to have spooked investors in both the spot and derivatives markets.

El mercado de opciones de SOL deja a la vista el estado de pánico de los inversores. (Andrey Metelev/Unsplash)

Policy

With FTX Bloodied, Rival in US Regulatory Fight Adds Another Knife

One of the traditional, regulated firms that has opposed an FTX effort to upend derivatives clearing – Cboe Digital – jumped into the drama by issuing a letter boasting about its safety measures.

The Cboe Global Markets Inc. building in Chicago (Scott Olson/Getty Images)

Policy

FTX’s Push for US Crypto Clearing Left In Suspense by Binance Deal

The fate of FTX U.S. Derivatives’ application for the authority to clear customers’ crypto transactions – a potential game changer in U.S. markets – is now unclear.

FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Markets

Bitcoin, Ether Slide as Protective Puts Draw Demand Amid Sell-Off in FTX's Token

Options market tied to bitcoin and ether shows renewed bias for puts, perhaps a sign of investor fears the FTX-Alameda drama may bring another market-wide crash.

Bitcoin's price drops as FTT hits the lowest since February 2021. (Highcharts.com/CoinDesk)

Markets

Open Interest in FTT Futures Doubles as Binance Moves to Liquidate FTX Token Holdings

Open interest has doubled to $203 million, with bearish bets in demand, as Binance's entry into the FTX-Alameda drama has caused panic among investors.

La entrada de Binance en la saga FTT-Alameda ha logrado que los traders se apresuraran a hacer apuestas cortas en el mercado de futuros de FTT. (Coinglass.com)

Tech

Kollider Raises $2.4M to Build ‘Lightning-Native’ Financial Products

The bitcoin derivatives exchange already has bitcoin-backed synthetic stablecoins and a Lightning-enabled bitcoin wallet in the pipeline.

(Historic England Archive/Heritage Images/Getty Images)