Derivatives

Hyperliquid hits B in open interest as Bitcoin tests 5k near price discovery

Hyperliquid hits $6B in open interest as Bitcoin tests $105k near price discovery

Decentralized trading platform Hyperliquid has hit a new high, crossing $6 billion in open interest, according to figures from CoinGlass. The surge came just a day after Hyperliquid reported that open interest volume on its platform reached an all-time high of $5.6 billion. According to CoinGlass data, Bitcoin holds the dominant position on Hyperliquid with […]

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Gemini secures license to expand EU crypto derivatives offerings

Gemini secures license to expand EU crypto derivatives offerings

US-based Gemini has received a Markets in Financial Instruments Directive (MiFID) II license from the Malta Financial Services Authority (MFSA), according to a May 9 statement shared with CryptoSlate. This allows the exchange to offer regulated crypto derivatives across the European Union (EU) and European Economic Area (EEA). With the license, the exchange can begin

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Coinbase Acquires Deribit for .9 Billion to ‘Add Diversity to Trading Revenues’

Coinbase Acquires Deribit for $2.9 Billion to ‘Add Diversity to Trading Revenues’

Major crypto exchange Coinbase has announced the strategic acquisition of crypto options exchange Deribit to “significantly advance” Coinbase’s derivatives business and provide spot, futures, and options under its umbrella. It’s said to be the biggest acquisition in crypto history. According to the announcement, the agreement is worth some $30 billion of current open interest. That

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U.S. SEC greenlights ProShares XRP futures ETFs for April 30 launch

U.S. SEC greenlights ProShares XRP futures ETFs for April 30 launch

The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP futures-based exchange-traded funds (ETFs) by ProShares Trust on April 30, an SEC filing shows. On Jan. 17, days before the now crypto-friendly President Donald Trump was inaugurated, ProShares had proposed the following ETFs: Ultra XRP ETF, which will provide 2x leverage

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