Derivatives


Policy

CFTC’s Behnam Calls FTX Idea a Potential ‘Evolution’ in Market Structure

Chairman Rostin Behnam says the FTX proposal for directly clearing certain crypto derivatives without intermediaries is still being weighed and would mark a “significant shift.”

Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (Jesse Hamilton/CoinDesk)

Markets

Bitcoin Options Traders, Burned by Last Month’s CPI Report, Now Seek Downside Protection

Investors seem worried the impending U.S. inflation report may inject renewed downside volatility in bitcoin and are preparing for the same.

Bitcoin investors take bets offering downside protection (Pixabay)

Finance

Crypto Services Firm Luxor to Offer Derivatives for Bitcoin Miners to Hedge Risk

The new product will be based on “hashprice,” a term coined by Luxor to refer to the revenue miners earn from a unit of hashrate.

El bear market afectó los precios de minería de bitcoin. (Marko Ahtisaari/Flickr)

Markets

Crypto Derivatives Exchange PowerTrade Launches 'RFQs' for Institutional Options Trading

The exchange hopes to attract both institutional players and smaller traders with no minimum order sizes.

(Spencer Platt/Getty Images)

Markets

Interest Surges in Bitcoin Speculation, But It Might Be Bearish

Open interest in bitcoin perpetual swaps – a type of leveraged trading contract in cryptocurrency markets – has spiked to an all-time high.

Open interest in bitcoin perpetual swaps spiked to an all-time high of 450,000 BTC on Tuesday. (Arcane Research)

Markets

Lido’s Staked Ether Surges Closest to Ether Since Terra Crash

The stETH derivative and its spread to ETH, a closely followed metric of the confidence in the Merge, sharply narrowed as Ethereum completed its technology transition without a hiccup.

The price of stETH, the largest Ethereum liquid staking derivative, is inching closer towards parity to ETH after the Merge. (Tomas Sobek/ Unsplash)

Markets

Ether Futures Market Discount Evaporates After the Merge

The negative spread between futures and spot prices has narrowed from $20 to almost zero following the Merge.

The anomalous condition of ether futures trading at a discount to spot prices has reversed. (Skew)

Markets

Merge-Focused Hedging Makes Ether Shorts Most Expensive in 16 Months

Some traders appear to hedge their ETH bullish exposure in case the Merge has any technical issues, driving the cost of holding bearish bets higher.

Ether's funding rate slide, indicating a surge in the cost of holding short positions. (Arcane Research)

Policy

Crypto Exchange Huobi Secures License to Operate in the British Virgin Islands

It's unclear when the trading platform will be established under Huobi's regulated local subsidiary Brtuomi Worldwide Limited.

(Shutterstock)

Markets

Bitcoin Bets Look Bearish as Futures Trading Hits Record Level

The number of outstanding futures and perpetual contracts on bitcoin rises to a record, and traders are paying up to bet on further price declines – in a market that's already bearish.

El mercado de futuros de bitcoin se inclina hacia la baja. (Unsplash)