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 Bloomberg, informed sources revealed that asset management company BlackRock and its brokerage partner Securitize are in preliminary negotiations with several large cryptocurrency exchanges to discuss using BlackRock's new BUIDL token as collateral for derivative trading. These exchanges include Binance, OKX, and Deribit. BlackRock's token has a minimum investment of $5 million and is designed for qualified institutional investors.Two brokers, FalconX and Hidden Road, have already allowed their clients (including hedge funds) to use BUIDL as collateral. Custodian Komainu stated on Thursday that clients eligible to invest in BUIDL will be able to use the token as collateral to trade through Hidden Road.Like other money market funds and most stablecoins, BUIDL's value is pegged at $1, with its investments including U.S. Treasury bills, cash, and repurchase agreements. However, unlike stablecoins such as Tether's USDT and Circle's USDC, BUIDL pays interest to holders, which may increase its appeal to derivative traders.

ChainCatcher news, according to The Block, the crypto derivatives exchange Bitnomial announced the completion of a $25 million financing round led by Ripple Labs. At the same time, Bitnomial launched a perpetual futures trading platform called Botanical, which is currently in a closed testing phase.The Botanical platform will provide investors with perpetual futures, traditional futures, and options trading services. Bitnomial CEO Luke Hoersten stated that the company is boldly advancing its mission to provide users with a regulated and innovative trading experience through Botanical, offering an alternative to the currently widely used decentralized exchanges and VPN-based workarounds.Ripple CEO Brad Garlinghouse believes that Bitnomial's introduction of an offshore trading model into the U.S. derivatives industry presents a significant opportunity for establishing a compliant digital asset derivatives market (such as XRP). Bitnomial will utilize Ripple's RLUSD stablecoin for the settlement of perpetual futures.Previous news, Bitnomial filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), questioning its regulatory authority over XRP futures contracts.

ChainCatcher news, according to FOX Business, the cryptocurrency derivatives exchange Bitnomial has sued the U.S. Securities and Exchange Commission (SEC), questioning its regulatory authority over XRP futures. After Bitnomial self-certified XRP dollar futures contracts, the SEC claimed that XRP is a security and demanded that the exchange comply with additional regulations.Bitnomial believes that XRP futures should not be classified as security futures and is seeking a court declaration to prevent the SEC from asserting jurisdiction over it. This lawsuit intensifies the battle between the SEC and the Commodity Futures Trading Commission (CFTC) over regulatory authority over crypto assets.

ChainCatcher news, cryptocurrency market maker Wintermute announced that its crypto CFD (Contract for Difference) product is now live on the electronic over-the-counter platform Wintermute NODE. Since its launch in February this year, Wintermute's crypto CFD trading volume has increased 19 times from March to August. The company also pioneered the launch of GMCI index CFD trading on the over-the-counter desk.Wintermute CEO Evgeny Gaevoy stated that the company believes the adoption of crypto derivatives and market expansion will surpass that of traditional finance. The new feature supports using almost any fiat or crypto asset as margin for derivative trading, including cryptocurrencies, fiat currencies, and liquid staking tokens.

ChainCatcher news, a report jointly released by Block Scholes and Bybit, indicates that during the recent significant sell-off when BTC fell below $59,000, the open positions in the futures market remained stable, suggesting that traders reduced their leveraged positions, thereby limiting the risk of forced liquidations.The report notes that this pattern has been consistent throughout the year, reflecting the cautious attitude adopted by market participants during periods of increased volatility. The report highlights the positive changes in TON funding rates following major market events, further indicating a rekindled interest in leveraged positions. It also reveals the market's perspective on the upcoming U.S. presidential election. According to the analysis, the volatility term structure suggests a strong bullish sentiment for cash call options expiring after the election. This implies that traders expect a favorable environment for crypto assets post-election.Additionally, the report observes a sustained demand for downside protection with short-term expirations, reflecting a cautiously optimistic sentiment in the market. The findings from Block Scholes and Bybit suggest that a mature crypto derivatives market can quickly adapt to changing dynamics. Even amid significant events, the market has remained stable, indicating that traders' confidence is strengthening.

ChainCatcher news, according to CoinDesk, the Netherlands-based One Trading has obtained an OTF license from the Dutch Authority for the Financial Markets (AFM), allowing the company to operate as a regulated crypto derivatives trading platform in Europe.The digital asset trading platform, formerly known as Bitpanda Pro, stated that the new license establishes One Trading's status as a trading venue under the Markets in Financial Instruments Directive (MIFID) II. MIFID II is a set of regulations governing trading venues in the European Union.

ChainCatcher news, TradFi executives stated that BTC and ETH derivatives will play a key role in the integration of cryptocurrencies into traditional finance (TradFi) and in driving them to reach historical highs. TradingView General Manager Pierce Crosby pointed out that derivatives have always been an important part of cryptocurrency trading, but high fees and slippage have adversely affected traders.CME Group's Global Head of Cryptocurrency Products Giovanni Vicisoso believes that a spot Bitcoin ETF will attract investors who are reluctant to use centralized exchanges and will aid in Bitcoin price discovery. TJM Institutional Services Managing Director Jim Iuorio stated that the Federal Reserve may have to lower interest rates and implement easing policies, which would be beneficial for stocks and Bitcoin.Crosby also mentioned that large institutional investors are changing the narrative that cryptocurrencies are merely an extension of tech stocks; although the market can sometimes be affected by internal black swan events, the crypto market will ultimately recover.

ChainCatcher news, according to Tech Funding News, the decentralized crypto derivatives trading platform Rho Labs, founded by former Copper Chief Product Officer Alex Ryvkin, announced the completion of a $2.2 million Pre-Seed funding round, led by Speedinvest, with participation from Keyrock, Re7 Capital, Daedalus Collective, and Copper.co CEO Dmitry Tokarev.It is reported that the crypto derivatives trading platform being built by Rho Labs will provide on-chain trading services based on specific interest rates and traditional rates, with its trading market expected to launch a beta version on the Arbitrum chain by the end of this year.

ChainCatcher news, according to Bloomberg, Wintermute Trading Ltd. co-founder Evgeny Gaevoy stated in an interview that Wintermute has remained profitable and is diversifying its business to prepare for another bull market cycle.Wintermute is also supporting a yet-to-be-launched lending project, is considering launching a cryptocurrency derivatives exchange, and is working on introducing a cryptocurrency-related index. The timelines for some of these projects have not been determined, and it declined to provide more specific information on each project. Since 2020, the company's venture capital division has supported over 80 projects. Headquartered in London and Singapore, Wintermute plans to expand its workforce by 10% or 10 employees in the next two to six months.Wintermute's Chief Operating Officer Marina Gurevich stated that the company's daily trading volume currently ranges between $2 billion and $3 billion, down from $7.5 billion per day during the market peak in 2021.

ChainCatcher news, ABCDE Capital announced an investment in the cryptocurrency derivatives trading platform CoinCatch, with the amount undisclosed.It is reported that CoinCatch focuses on social trading for KOLs, allowing KOLs to share trading strategies with their fans. (source link)

ChainCatcher news, according to The Information citing two sources, the cryptocurrency exchange platform Gemini is urgently seeking to launch an international cryptocurrency derivatives trading platform to expand its overseas derivatives business, which will specifically offer products such as perpetual futures that can be traded with leverage. In recent months, Gemini has been in contact with trading firms to act as market makers for its overseas business. (source link)

ChainCatcher news, cryptocurrency exchange Bitget announced the integration of TradingView to optimize cryptocurrency derivatives trading. TradingView is a financial analysis platform used by millions of traders worldwide, and its integration will further expand and enhance Bitget's services, providing users with a simple and smooth trading experience.Bitget became one of the top three exchanges by cryptocurrency derivatives trading volume in 2022. Before integrating TradingView, it launched spot market copy trading, allowing users to follow and learn from professional traders' investment skills, deploying contracts and spot markets.

ChainCatcher message, the cryptocurrency data aggregator CoinGecko analyzed the data changes of the top 3 centralized exchanges Binance, Bybit, OKX, and the decentralized exchange dYdX before and after the FTX crisis (from October 1, 2022, to December 18, 2022).From November 14 to December 12, the derivatives trading volume of cryptocurrency exchanges Binance, Bybit, OKX, and dYdX has fallen below the levels before the FTX crisis, averaging about $30.56 billion, which is a 24% decrease from the level of $99.1 billion in the week of October 3, before the FTX crisis.During the period from December 5 to December 12, the derivatives trading volume on the decentralized exchange dYdX rose from $3.4 billion to $5.2 billion, an increase of $1.8 billion. In the week from December 12 to December 18, the average daily derivatives trading volume on dYdX reached $738 million. (Source link)

ChainCatcher news, cryptocurrency derivatives trading platform Paradigm announced that, affected by the FTX collapse, it will implement a 15% salary cut company-wide this week. Paradigm stated that the salary cuts could reduce the necessity for layoffs across the entire ecosystem and will have a smaller impact on the company's growth momentum. "These are tough times, but we must do tough things and maintain financial flexibility to navigate the turbulent period our industry is in." (source link)

ChainCatcher news, according to The Block, the cryptocurrency exchange Bitmex has laid off 30% of its workforce and is refocusing its strategy on cryptocurrency derivatives trading, including BMEX token trading. As of September, the exchange had approximately 180 employees.ChainCatcher previously reported that in early October this year, BitMEX CEO Alexander Höptner stated that most of BitMEX's employees had moved from Hong Kong to Singapore and beyond, and now the company's largest office is in Singapore. Last week, Alexander Höptner announced his resignation. (The Block)

ChainCatcher news, according to The Block, BitMEX CEO Alexander Höptner has resigned from his position, and Stephan Lutz has been appointed as the interim CEO, with Stephan continuing to serve as the Chief Financial Officer.It is reported that BitMEX was established in 2014 and is one of the earliest exchanges to offer crypto derivatives. Alexander Höptner joined BitMEX in January 2021, having previously worked at Börse Stuttgart, Deutsche Börse AG, and other companies. (The Block)

Chain Catcher News, the Singapore cryptocurrency exchange Bybit will stop offering derivative trading services such as crypto futures and options in Brazil on September 15, and stated that it is negotiating with the Brazilian Securities Commission (CVM), advising users to manage their positions or orders, and claiming that there will be no implication of any form of freezing of the derivative assets deposited by users.Previously reported, the Brazilian Securities Commission prohibited Bybit from engaging in securities brokerage activities. ( CoinDesk )