ChainCatcher news, according to CoinDesk, the cryptocurrency market maker Wintermute's Singapore derivatives trading entity Wintermute Asia has launched a contract for difference (CFD) linked to the GMCI USA Select Index, allowing traders to quickly adapt to the changing market narrative, including the potential U.S. strategic digital asset reserve plan.The index tracks the performance of top cryptocurrency projects headquartered in the U.S. based on circulating supply. XRP, SOL, and DOGE have the highest weights in the index, which also includes ADA, AVAX, LINK, UNI, HBAR, NEAR, LTC, and APT. Since early November last year, when Trump won the U.S. presidential election, the index has risen by over 160%.

ChainCatcher news, according to Finance Magnates, Coinbase has acquired the Cyprus subsidiary of BUX (formerly known as Stryk) and has renamed the entity to Coinbase Financial Services Europe.With this acquisition, Coinbase now holds a Cyprus Investment Firm (CIF) license, which authorizes it to offer Contracts for Difference (CFD) products. Additionally, Coinbase can leverage this Cyprus license to provide financial products to other European Economic Area (EEA) member states.

ChainCatcher news, the Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the multi-asset investment platform eToro for offering Contracts for Difference (CFD) products to retail investors, arguing that its market positioning is too broad and violates design and distribution rules.ASIC stated: "The CFDs offered by eToro are high-risk and volatile, and the platform's target market screening tests did not properly exclude unsuitable customers from trading this product; from October 5, 2021, to June 14, 2023, nearly 20,000 of eToro's customers incurred losses in CFD trading."It is reported that Contracts for Difference are leveraged derivative contracts that allow buyers to speculate on the price movements of underlying assets, such as foreign exchange rates, stock market indices, individual stocks, commodities, or cryptocurrencies. eToro's cryptocurrency CFDs allow for leverage of up to two times on certain assets, while others involve stocks, currencies, commodities, and precious metals.