On October 29, the CME Group, a leading player in the derivatives marketplace, received approval from the National Futures Association (NFA) to establish its own Futures Commission Merchant (FCM). The granted approval allows CME Group to manage customer accounts directly and deepen its role in futures trading. Yet, this move,
Despite offering lower rates, Coinbase didn’t receive the best deal. Coinbase has applied to become a registered futures commission merchant. Coinbase is the market’s second crypto-related junk bond issuer. Software company MicroStrategy Inc. issued $500 million of notes in June to buy Bitcoin. It is a crypto brokerage, and exchange,
Despite the fact that ETH has recovered 35% from its $1,750 low, data from derivatives shows that professional traders are not thrilled. Ether (ETH) has rebounded 35% in the previous ten days, regaining the critical $2,300 support level, but the vital $2,450 local peak hasn’t been hit since June 17.
SynFutures has raised a series A funding round of $14 million led by Polychain Capital. The money would be used to develop the firm’s flagship derivatives exchange which is set to launch soon. The funding round was joined by many high profile cryptocurrency and blockchain investors. Like Pantera Capital, Wintermute
Unlicensed DeFi is not only a bad idea but illegal too, says Berkovitz. Any platform that trades or processes swaps be registered as DCM or SEF. Allowing unregulated derivatives will compete with fully regulated entities. Dan M. Berkovitz, Commissioner of the Commodity Futures Trading Commission (CFTC), thinks that DeFi derivatives
