ChainCatcher news, the exchange Kraken has launched a new set of crypto derivatives products designed for institutional clients in Australia, aimed at complying with the regulatory standards following the country's recent legal challenges.Kraken stated that this licensed brokerage service will allow institutional clients to gain exposure to cryptocurrency price fluctuations through derivatives without directly holding the underlying assets.The service offers multi-collateral support, including fiat currencies, stablecoins, and cryptocurrencies, covering over 200 tradable assets.

ChainCatcher news, according to FinanceFeeds, the cryptocurrency exchange Kraken has announced the launch of a regulated derivatives exchange in Bermuda and has obtained a license from the Bermuda Monetary Authority (BMA) to offer cryptocurrency derivatives trading services to users.Kraken will initially offer perpetual and fixed-term contracts in Bermuda related to various collateral options, including fiat currencies and over thirty cryptocurrencies.

ChainCatcher news, according to The Block, regarding Robinhood Markets considering the launch of cryptocurrency futures in the U.S. and Europe, a spokesperson from Robinhood stated to the media that there are currently no plans to launch crypto derivatives.On the other hand, despite Robinhood's cryptocurrency division receiving a Wells notice from the U.S. Securities and Exchange Commission in early May, Robinhood remains committed to expanding its cryptocurrency business. It is reported that the company's cryptocurrency trading volume achieved a 224% growth in the first quarter of 2024.

ChainCatcher news, according to crypto.news, the Dutch cryptocurrency derivatives exchange D2X announced the completion of a $10 million Series A funding round, led jointly by Point72 Ventures and GSR Markets. The funds will be used to "attract liquidity, develop new features, and expand business in the EU." D2X is set to launch later this quarter.It is reported that D2X previously obtained a MiFID MTF license issued by the Dutch Authority for the Financial Markets (AFM), allowing it to operate a cryptocurrency futures and options exchange across the EU.

ChainCatcher news, according to The Block, digital asset broker FalconX stated that it will expand to Hong Kong as institutional demand for crypto assets in the region increases.The company announced in a statement on Thursday that it plans to offer over-the-counter brokerage and crypto derivatives services for professional investors in Hong Kong. These professional investors include proprietary trading firms, family offices, and fund managers.

ChainCatcher news, according to CNBC, Coinbase has stated that it is acquiring a holding company that holds a MiFID II license. An agreement has been reached, and the deal is pending regulatory approval. Coinbase expects to complete the transaction later in 2024.It is reported that MiFID II refers to the EU's latest regulatory framework for financial instruments. If it obtains the MiFID II license, Coinbase will be able to start offering regulated crypto derivatives such as futures in the EU, in addition to the spot trading of Bitcoin and other cryptocurrencies that it already provides.

ChainCatcher news, the encrypted trading platform Crypto.com announced the launch of regulated crypto derivatives Strike Options for U.S. users. The announcement stated that this product is regulated by the CFTC and is currently available for BTC, ETH, LTC, and BCH as underlying assets, with more products to be launched in the future.

ChainCatcher news, the encrypted derivatives platform PRINT3R announced the completion of a $500,000 Pre-Seed funding round, led by MH Ventures, with participation from 300DAO, OnChain Wizard, Primapes, Homeless DAO, and 2Shares.It is reported that PRINT3R is built on the Base blockchain, primarily providing gamified decentralized derivatives trading and DEX services.

ChainCatcher news, the decentralized crypto derivatives protocol Maverick Protocol officially announced the launch of zkSync Era∎ mainnet. Maverick Protocol had previously launched on the Ethereum mainnet.ChainCatcher previously reported that Maverick Protocol announced the completion of $8 million in funding in February, led by Pantera Capital. (source link)

ChainCatcher news, the cryptocurrency derivatives platform Paradigm has been significantly impacted in trading volume following the collapse of FTX. Now, this startup is seeking new exchange partners. It is reported that in the week starting November 6, Paradigm recorded a weekly trading volume of 200,000 BTC (3.4 billion USD), of which 45,000 BTC came from futures spreads.A week later, the total volume decreased by more than half, and the trading volume of futures spreads almost completely disappeared. Weekly trading volume in December remains low, averaging about 60,000 BTC per week so far, with almost no futures spread trading volume.Insiders say that Paradigm had discussions with potential investors about raising approximately 100 million USD, but this plan is currently on hold. Paradigm co-founder and CEO Anand Gomes stated that they will reconsider fundraising when market conditions improve next year. (source link)