trading

According to TASS, the Moscow Exchange plans to offer cryptocurrency trading services under the new regulatory framework starting from December 1.Boris Blokhin, Senior Managing Director of the Moscow Exchange, stated that the exchange will continue relevant testing work before the official launch.

Pepsi (PEP.O) rose about 2% in pre-market trading, after third-quarter revenue exceeded market expectations.

According to the latest stock spot exchange ranking released by RootData, Binance, Gate, and MEXC are in the top three.Binance ranks first, with a 24h public order book transaction volume of approximately 181 million USD and a market share of 39.82%. Gate ranks second, with a 24h transaction volume of approximately 61.568 million USD and a market share of 13.50%. MEXC ranks third, with a 24h transaction volume of approximately 38.5754 million USD and a market share of 8.46%.

Bitcoin collateralized lending is gradually expanding from a cryptocurrency financial scene focused on trading and investment to real credit needs such as tuition fees, living expenses, business operating funds, and real estate, showing a significant change in market usage. Institutions like SALT Lending and Ledn indicate that more and more borrowers are choosing to collateralize BTC for liquidity instead of selling their holdings.Since its establishment in 2018, Ledn has issued loans totaling over $11 billion and expects this scale to grow to $1 trillion in the coming years. Its clients include entrepreneurs and institutional investors seeking operating funds, as well as individuals borrowing to pay for children's education, real estate investments, and short-term living expenses. This trend indicates that the financial attributes of BTC are extending from "tradable assets" further to "collateralizable assets." Borrowers hope to unlock its value without selling BTC while still retaining potential upside exposure.At the same time, institutions like SALT are promoting fixed-rate, long-term products, bringing crypto collateralized loans closer to traditional credit models like home mortgages. Coinbase has also recently launched fixed-rate BTC collateralized loans through Morpho. Ledn further anticipates that similar models may expand from BTC to traditional hard assets like gold, and the boundaries of the collateralized asset lending market are widening.

UPBIT will launch PONS trading on October 8 at 14:00, supporting KRW, BTC, and USDT markets. Users need to confirm the Robinhood Chain network before trading.

New York startup Vest Labs announced the completion of a $13 million seed round financing, which closed in July this year, led by Portal Ventures, with participation from individual investors including Citadel Securities, BlackRock, and KKR executives.Vest was co-founded by University of Pennsylvania dropout Justin Ma, Rikuya Takatsu, and Maximilian Tsiang. The platform allows qualified traders to use company funds to trade perpetual futures contracts around the clock, with traders able to receive up to 80% of the profit share, differentiating itself from traditional proprietary trading firms that charge users for simulated account fees. The company plans to use the funding to develop a mobile application, expand its 22-person team, and broaden the range of tradable asset classes.

Kaiko and Upbit recently jointly released a report showing that the Korean won accounts for about 25% of the global fiat-denominated cryptocurrency trading volume, second only to the US dollar (approximately 48.70%). On Upbit, a market buy order of 10 million Korean won typically has slippage between 0.005% and 0.02%.The report points out that the South Korean market still primarily relies on fiat-native trading, with KRW trading pairs dominating trading activities. Stablecoins like USDT and USDC are more often used as assets traded against the Korean won rather than as the primary settlement medium. South Korean exchanges are deeply integrated with the banking system through real-name accounts and KYC, allowing users to directly withdraw and deposit in Korean won, reducing the demand for stablecoins as tools for withdrawal and deposit.The report believes that the opportunities for Korean won stablecoins lie in on-chain settlement, cross-border payments, and DeFi scenarios, and may help narrow premiums by improving the efficiency of value transfer across markets. However, adoption still depends on regulations, reserve standards, redemption rights, and exchange integration.

According to Fortune, retail proprietary trading startup Vest Labs announced the completion of a $13 million seed round of financing, led by Portal Ventures, with some executives from Citadel Securities, BlackRock, and KKR participating as individuals. The company did not disclose its post-financing valuation.Vest allows eligible traders to use the company's funds to trade perpetual contracts in real markets around the clock, with traders able to retain up to 80% of the profits, while the remainder goes to the company. The company stated that compared to some retail proprietary trading firms that rely on charging fees for simulated trading accounts, this model allows Vest to benefit from the success of traders rather than betting on their failure.The financing will be used to develop a mobile application, expand the current team of 22 people, and increase the variety of assets available for trading around the clock. According to Vest's own disclosure, as of late September, 26% of the approximately 27,000 traders on the platform had received cash payments, with monthly active traders and trading volume both increasing by over 300% month-over-month.

Hyperliquid founder Jeff Yan stated in a discussion at TOKEN2049 in Singapore that in July this year, the HIP-3 market contributed about 51% of Hyperliquid's trading volume at one point, reflecting a significant product-market fit in the related market. He mentioned that users are willing to migrate from existing financial products and try new on-chain markets, indicating a substantial gap in product supply previously and demonstrating users' trust in the execution capabilities of the relevant deployers.The discussion mentioned that perpetual contracts for real-world assets such as crude oil and Pre-IPO have become important application directions for HIP-3. Jeff Yan noted that one of the more concerning changes over the past year is that more markets are allowing users to participate in trading opportunities that were previously inaccessible. He believes that in traditional finance, some assets are often only accessible to a few people in the early stages, and by the time they are open to the public, the main growth phase may have already been captured by a few with access advantages. The financial system should be as open as possible to a broader range of users.Jeff Yan also stated that Hyperliquid hopes to become an open protocol and infrastructure for various financial products and applications rather than directly competing with front-end platforms. Builder Codes allow developers to create mobile applications, institutional trading terminals, and other products without having to build their own underlying systems for matching, clearing, etc., and directly connect to Hyperliquid's market and liquidity. He said, "No one is competing with the internet," and Hyperliquid is similarly more like a layer of infrastructure that can be adopted by different companies.

CFTC Chairman Michael Selig stated in an interview with CNBC yesterday that under its proposed rules, only federally regulated cryptocurrency trading platforms will be able to offer leveraged trading. "States can only provide money transmission services, and the 100x leverage commonly seen outside the United States has never been allowed in the U.S., and this time will be no exception."Previously, the U.S. Commodity Futures Trading Commission (CFTC) proposed two new rules on Monday, aiming to establish a regulatory framework for U.S. cryptocurrency based on its authority to regulate leverage and margin trading, to fill the regulatory uncertainty left by Congress's failure to complete cryptocurrency legislation.

Binance will launch bStocks tokenized securities trading pairs on October 7 at 20:00: JPMB/USDT, LLYB/USDT, SECZB/USDT, and USDEB/USDT. The spot algorithm trading robot will be activated simultaneously with the spot listing, and the smart holding robot will be activated within 24 hours after the launch. Within one hour of bStocks going live, users can exchange for BTC, USDT, or other supported tokens without any fees. The zero maker fee promotion will last until November 1 at 07:59.

According to Cointelegraph, the Federal Financial Supervisory Authority of Germany (BaFin) has rejected the application for a crypto asset service provider (CASP) license under the Markets in Crypto-Assets Regulation (MiCA) submitted by futurum bank AG, a subsidiary of Bitcoin Group SE. As a result, its operated crypto trading platform Bitcoin.de remains in a state of trading suspension.Bitcoin Group SE subsequently stated that the company is reviewing the decision and reserves the right to appeal or resubmit the application in the future. Meanwhile, the group is seeking alternative operating models and plans to restore trading services as soon as possible through regulated partners. Bitcoin.de was originally a peer-to-peer (P2P) trading market with over 1.1 million registered users; the platform had originally planned to upgrade by the end of June to support over 100 cryptocurrencies, exchange, and staking functions, but this has been delayed due to waiting for MiCA license authorization, and its trading activities have been largely suspended since June 12.

Cryptocurrency asset platform operator Bitcoin Group SE stated that the Federal Financial Supervisory Authority of Germany (BaFin) has rejected its subsidiary futurum bank AG's application for a cryptocurrency service provider license submitted under the Markets in Crypto-Assets Regulation (MiCA). The company is evaluating alternative operating models and seeks to resume trading on Bitcoin.de as soon as possible through regulated partners.Bitcoin Group SE CEO Moritz Eckert stated that the company was prepared for the application rejection and will now review the relevant decision, with the option to appeal or resubmit the application in the future. Bitcoin.de is a German cryptocurrency trading platform operated by futurum bank AG, with over 1.1 million registered users. Bitcoin.de was originally a peer-to-peer trading market and transitioned to a brokerage model this year, planning to offer over 100 cryptocurrencies, cryptocurrency asset exchanges, and staking services. The platform was originally scheduled to launch the new model at the end of June, but trading has been largely suspended since June 12 due to the delay in awaiting MiCA approval.

Bitcoin News posted on platform X that the SEC has approved the listing of the 3x Bitcoin ETF launched by Cboe BZX under Volatility Shares, which aims to track 3 times the daily volatility of the Bitcoin futures benchmark.When Bitcoin futures rise by 1%, the fund aims for a pre-fee profit of 3%; when it falls by 1%, the target is a loss of 3%. This ETF still needs to wait for the registration statement to take effect before it can be traded, and the fund holds Bitcoin futures rather than Bitcoin spot.

Coinbase officially announced that it has officially launched stock options trading services within its app, supporting trading of call options and put options.Coinbase stated that this service allows users to clearly define their risk exposure before trading and offers commission-free trading, enabling users to trade stock options without switching to other apps.

According to SolanaFloor, the Solana perpetual futures trading platform Imperial has completed a $1.5 million seed round financing, with a valuation of $15 million, led by Foundation Capital and supported by angel investors in the Solana ecosystem.The funds from this round will be used to expand Imperial's product portfolio, including a perpetual contract aggregator, a lending platform, and the flagship project Armada. Imperial's Armada is a perpetual contract AMM in the Solana ecosystem, sourcing liquidity from DeFi platforms like Hyperliquid, allowing traders to access a deeper order book without leaving Solana.

According to the official announcement, Upbit has launched the Numeraire (NMR) trading pairs with Korean Won and USDT.

UPBIT will launch Numeraire (NMR) trading on October 6 at 20:45, supporting KRW and USDT markets. Users should note that only NMR deposits and withdrawals on the Ethereum network are supported.

ChainCatcher live report, at the OKX NOW Global Products and Ecosystem Conference (Singapore), OKX Vice President of Strategic Markets Louis Tam announced during a roundtable session that OKX and ICE have submitted a notice to the SEC regarding a tokenized securities trading venue, and eligible OKX customers can now trade perpetual contracts referencing ICE Brent and WTI benchmarks;Former New York Governor and OKX Board Member Governor Andrew Cuomo confirmed that the venue is expected to operate under the SEC's "innovation exemption" mechanism, with a launch anticipated in about 30 days, and the SEC has set limits on the number of tradable stocks and trading volume. Cuomo believes this marks a shift from competition to cooperation and integration between traditional finance and crypto fintech.

According to the official announcement, the South Korean cryptocurrency exchange Bithumb has announced that it will add support for Bedrock (BR) and Dolphin (POD) Korean won trading markets.Specifically, Bedrock (BR) will open for trading on October 6 at 19:00, supported by the BNB Smart Chain. Deposits and withdrawals are expected to open within 2 hours after the announcement, with a benchmark price of 590 Korean won and a required number of deposit confirmations of 15.Dolphin (POD) will open for trading on October 6 at 20:00, supported by Base. Deposits and withdrawals are expected to open within 2 hours after the announcement, with a benchmark price of 1086 Korean won and a required number of deposit confirmations of 200.Bithumb reminds users that only designated network deposits are supported, and transfers from other networks will not be supported.