trading

MIT Group Funding Shows Growing Crypto Trading Interest

Floating Point Group, or FPG, a startup delivering institutional crypto traders automation technologies, garnered $2 million of capital from several entities. “It’s becoming clear that sophisticated quantitative traders and platform developers are viewing the cryptocurrency markets as an exciting new opportunity,” FPG CEO John Peurifoy explained in a May 28 statement.  The funding goes toward expansion  …

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Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving 

Since the market rout on March 12, otherwise known as ‘Black Thursday,’ bitcoin futures and options contracts have seen significant demand. On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch a high of $142 million. Four days later, CME broke records again. Data from the researchers at Skew.com …

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Trading Contest on Synthetix Aims to Showcase Speed of New DEX Tech

Synthetix is putting over $40,000 in crypto on the line to entice users to try out the faster beta of its decentralized exchange (DEX). “While DEXs offer significant improvements over CEXs [centralized exchanges] in terms of safety of funds and transparency, there is typically a painful trade-off on transaction speed,” Synthetix CEO Kain Warwick told …

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P2P Bitcoin Trade Volumes and Inflation in Latin America Are on the Rise

During the last two months since the March 12 crypto market rout, otherwise known as ‘Black Thursday,’ demand for cryptocurrencies seems to be on the rise in certain regions in Latin America. Various reports published this week have noted that countries like Colombia, Venezuela, Argentina, Chile, Brazil, and Mexico have seen significant bitcoin trade volumes. …

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External Custody for Crypto Derivatives Aims to Make Collateral Transfers Faster

Crypto derivatives platform Deribit is launching a new external custody solution designed to help with faster collateral transfers and reduce auto-deleveraging risks in tumultuous markets.  On May 14, the Panama-based exchange announced its full integration of the new solution, which was developed by London-based digital asset infrastructure provider Clearloop. Deribit is catering the new solution …

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Exchange Run by Ex-Morgan Stanley Team Drops Trading Fees for Subscription Model

Crypto derivatives exchange Phemex is swapping out its existing trading fee structure for a new subscription model it says will make frequent trading more accessible. The Singapore-based exchange, which only launched in November, said its new Premium subscription model would encourage clients to trade as much as they like on the platform without towering fees. …

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BitMEX CEO Expects Investors to Follow Paul Tudor Jones’ Move to Bitcoin

Paul Tudor Jones, a legendary hedge fund investor, triggered massive excitement in crypto markets yesterday by revealing that Bitcoin (BTC) is part of his portfolio. Traders and industry players like BitMEX’s CEO expect that the move will bring more big investors to the market. Arthur Hayes, CEO of the world’s second largest crypto exchange, BitMEX, …

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Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears

On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8% on or around May 12, 2020, as …

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Amun Launches Token Tracking the Inverse of Bitcoin’s Price

A new token lets traders make gains whenever bitcoin’s price falls. Swiss fintech firm Amun launched its BTCSHORT (BTCS) daily inverse token Wednesday, which returns a gain based on bitcoin’s (BTC) inverse price movements in a given 24-hour period. The product complements a recent bitcoin inverse exchange traded product (ETP) released by Amun in January …

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Robinhood Trading App Seals $280M in Sequoia-Led Round

Popular stock and cryptocurrency trading app Robinhood has surpassed its financing goals by raising $280 million in Series F funding at an $8.3 billion valuation. Publicly announced May 4, the Series F was led by venture capital firm Sequoia, alongside existing and new investors that included NEA, Ribbit Capital, 9Yards Capital and Unusual Ventures. Last …

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