Kraken Acquires $100M U.S. Derivatives Platform
@Kraken has acquired Small Exchange, a U.S.-licensed derivatives platform, for $100M, enhancing its trading capabilities ahead of a planned IPO in 2026. #Update #Crypto $BTC $ETH
@Kraken has acquired Small Exchange, a U.S.-licensed derivatives platform, for $100M, enhancing its trading capabilities ahead of a planned IPO in 2026. #Update #Crypto $BTC $ETH
The crypto market remains cautious post-Fed rate cut, with BTC facing resistance at $118K; open interest in futures rises to 149K BTC. Smaller tokens like $IMX and $NEAR gain over 10%. #Update #Crypto $BTC
Traders are leveraging positions to push $BTC back to record highs, risking a liquidation cascade between $113,300 and $114,500 if prices decline. Current price: $115,000. #Update #Crypto $BTC
Risk assets may face increased volatility post-Fed rate cut on Sept. 17, as VIX futures indicate heightened uncertainty; potential spillover into $BTC expected. #Update #Crypto $BTC
@Backpack Exchange launches Backpack EU, a regulated platform for crypto derivatives in Cyprus, offering over 40 trading pairs with up to 10x leverage. #Update #Crypto $BTC $ETH
@GFO_X successfully launched its UK regulated trading venue for centrally cleared digital asset derivatives, executing the first institutional trade between Virtu Financial and IMC. #Update #Crypto (+6) ↗
@CoinbaseGlobal agrees to acquire Deribit, the largest bitcoin and ether options platform, for $2.9 billion in cash and stock. #Breaking #Crypto $BTC (+9) ↗
A trader on @Hyperliquid took a bold $BTC short with 40x leverage, betting $379M, stirring the crypto market. #Update #Crypto $BTC (-6) ↘
@cryptocom has obtained a limited license from Dubai’s Virtual Assets Regulatory Authority to offer derivatives like futures and perpetual swaps, enhancing its global expansion strategy. #Update #Legal (+4) ↗
@CMEGroup to launch Solana ($SOL) futures contracts on March 17, pending regulatory review, responding to rising demand for regulated crypto products. #Update #Crypto $SOL (+4) ↗
@bitfinex has relocated its derivatives services to El Salvador, transitioning customers under Bitfinex Derivatives El Salvador S.A. de C.V. after obtaining a DASP license. Customers must agree to new terms. • #Update • #Crypto • @bitfinex • (+3) • →
Concerns arise over the transparency of wrapped bitcoin derivatives as some $BTC-backed assets may not be fully collateralized, potentially destabilizing the market. • #Update • #Crypto • $BTC • (+3) • →
@bitfinex has secured a Digital Asset Service Provider license in El Salvador, enhancing its derivatives offerings in Latin America through Bitfinex Derivatives El Salvador S.A. de C.V., aligning with the country’s pro-crypto policies. • #Update • #Crypto • @bitfinex • (+4) • →