Crypto derivatives exchange BitMEX is shutting down, prompting industry questions about market consolidation due to liquidity concentration among large players and rising regulatory costs. Its utility token, BMEX, plunged over 90% following the announcement.
BitMEX, one of the oldest crypto derivatives platforms, will cease operations on September 23 at 04:00 UTC, citing a strategic business review. New sign-ups are halted, trading will wind down by August 26, and users have two months to withdraw funds, with fees for parked balances.
The CFTC has approved KalshiEX to list a Bitcoin perpetual futures contract (BTCPERP), marking a significant step for crypto derivatives in regulated US markets. This move could change how retail and institutional traders access leveraged Bitcoin exposure, bringing a popular crypto financial tool into the US regulatory framework.
Kraken has launched perpetual futures trading for eligible US users through its acquisition of Bitnomial. The offering includes contracts for major cryptocurrencies like Bitcoin and Ether, expanding Kraken's domestic derivatives market presence.
Kraken has launched perpetual futures trading for eligible US users through its acquisition, Bitnomial. The offering includes contracts for major cryptocurrencies like Bitcoin and Ether, expanding Kraken's domestic derivatives market presence.
Bitcoin's sudden drop below $68,000 triggered a rapid unwinding of crypto derivatives, liquidating nearly $400 million in leveraged positions within an hour. The slide, attributed partly to a symbolic sale by MicroStrategy, pushed BTC and other major cryptocurrencies lower.
Intercontinental Exchange (ICE) and crypto exchange OKX are partnering to launch trading of oil-linked perpetual futures based on ICE's Brent and WTI crude benchmarks. The products will be available in licensed jurisdictions and target retail traders.
Top prediction market platforms, including Kalshi and Polymarket, are rushing to offer highly leveraged crypto derivatives at the exact moment state and federal authorities are clashing in court over whether the industry’s core products constitute illegal betting or legitimate financial instruments. Over the past year, these companies have gained national prominence by facilitating wagers on […] The post New York demands $3.4B in crypto fines: Inside the fight to turn prediction apps into nonstop leverage casinos appeared first on CryptoSlate.
BitMEX has partnered with Zodia Custody to enable institutional crypto derivatives trading via off-exchange collateral held in segregated custody.
The acquisition will give Kraken access to complete CFTC-licensed crypto derivatives infrastructure in the U.S.
