CME Group, a leading platform for trading derivatives, has announced its plans to launch Ether/Bitcoin ratio futures in the near future, subject to regulatory approval. The company intends to introduce its BTC/ETH ratio futures product on July 31, 2023. This type of futures contract involves an underlying asset that represents a ratio between two different
Exchanges
Revolut, a prominent fintech firm from the UK, has recently informed its U.S.-based users via email that it will no longer provide support for three major cryptocurrencies. The announcement states that Cardano (ADA), Polygon (MATIC), and Solana (SOL) will no longer be available for purchase through the Revolut app, effective immediately. Furthermore, users will eventually
Robinhood, the online brokerage firm, is undergoing its third wave of layoffs, resulting in a reduction of approximately 7% of its full-time employees. The decision comes as the company faces a decline in customer trading activity and follows the controversial delisting of three major cryptocurrencies. The Wall Street Journal originally reported these developments. In an
Bitfinex, a well-known digital asset trading platform, has recently unveiled its latest offering, Bitfinex P2P. This peer-to-peer platform is set to cater initially to markets in Venezuela, Argentina, and Colombia. It allows customers to directly trade various cryptocurrencies such as Bitcoin (BTC), Tether tokens (USDT and EURT), Tether Gold (XAUT), and Ethereum (ETH) while facilitating
The recent on-chain activity of the Ethereum address ‘0xd275e’ has caught the attention of the crypto community. The whale account has been identified during on-chain analysis of both the FTX collapse, Tether depeg, and now the movement of $75 million back onto crypto exchanges. Active Participation in DeFi Ecosystem According to a tweet from Spot
Singapore-based cryptocurrency exchange, Crypto.com, has announced that it has been granted a Virtual Asset Service Provider (VASP) registration from the Bank of Spain. This will allow the exchange to offer its products and services to users in Spain. The company underwent a comprehensive review of its compliance with Anti-Money Laundering Directive (AMLD) and other financial
Binance, a cryptocurrency exchange, announced on June 13th that it will convert “zombie assets” into stablecoins to safeguard users’ assets from being “stuck in limbo.” “Zombie assets” are delisted cryptocurrencies whose networks are no longer supported by the exchange. However, Binance did not mention which stablecoin these assets would be converted into. Recently, a few
According to data from CryptoCompare, Bitcoin (BTC) is trading at a premium of over 1% on Binance.US. The exchange’s USD trading volume has dropped to new lows after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance. Despite this, BTC was trading above $26,000 on Binance.US, surpassing the prices of major rivals
According to Kaiko data, Bitcoin (BTC) is trading at a discount on Binance.US after the exchange announced that its banking partners have halted USD payment channels on June 13 due to ongoing regulatory troubles. Kaiko reported that BTC had been trading at a premium on Binance.US between June 6 and 8 when rumors emerged that
Brian Armstrong, the CEO of Coinbase, sold $1.8 million worth of company shares on June 5th, according to data from Dataroma. This was just before the U.S. Securities and Exchange Commission (SEC) announced a lawsuit against the company, which caused its shares to drop by over 15% on June 6th. The SEC alleges that Coinbase