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 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, the U.S. Securities and Exchange Commission (SEC) has recently approved BlackRock to list and trade its spot Bitcoin options. CryptoQuant analysts pointed out that "the launch of options on the IBIT ETF may increase the 'paper' supply of Bitcoin, as institutional investors can gain exposure to Bitcoin without directly purchasing it. Options on a spot Bitcoin ETF mean that the 'paper' supply of Bitcoin will increase, allowing institutional investors to gain exposure to Bitcoin by buying and selling options without investing in the spot market. They can hold long positions in Bitcoin through options without actually buying Bitcoin, or short options without first purchasing Bitcoin."Derivatives trader Gordon Grant discussed the impact of this trend and drew an analogy with the gold market. He emphasized that while "paper" trading accounts for a significant portion of total trading volume, physical demand is still needed to support this supply. He stated, "Although paper gold trading occupies a significant share of the total daily trading volume, spot trading does as well. While the open interest in the paper market may increase significantly, at some point, the paper supply will inevitably require paper demand, which involves physical support."

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, according to official sources, the derivatives trading platform Derive (formerly Lyra) has announced the completion of its angel round financing, with participation from DCFGOD, EtherFi co-founder Rok Kopp, SPREEK, and others.Derive is a decentralized cryptocurrency options and perpetual contract trading platform that supports various financial applications and products for integrators, traders, and institutions, aiming to make its protocols and infrastructure easily accessible, paving the way for the next wave of on-chain innovation and breakthroughs.

ChainCatcher news, according to Tree News, the Commodity Futures Trading Commission (CFTC) has accused Uniswap Labs of providing illegal digital asset derivatives trading.

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, the derivatives trading platform JOJO on the Base chain has completed its seed round financing, led by SevenX Ventures, with participation from SmrtiLab, Shadow Labs, Bitlink, PAKA, and Clairvoyant.JOJO is spearheaded by Radar Bear, co-founder of DODO, and David, former CTO of DDEX. The platform aims to create a highly open and liquid trading environment. It integrates a Turing-complete hybrid liquidity model, diversified asset staking mining, quantitative trading bots, leverage trading up to 1000 times, and automated funding rate arbitrage, aiming to provide comprehensive services for users with different risk preferences and to bring a good on-chain trading experience to the Base ecosystem.

ChainCatcher message, the derivatives trading protocol ZKX announced on X that Airdrop 2, token listing, and staking will go live today at 17:00.

ChainCatcher news, according to Crowdfund Insider, the Coinbase derivatives trading platform is expanding its futures products, including oil and gold.The platform will launch retail-sized "oil and gold" futures contracts on June 3, 2024, to help traders further diversify their investment strategies. The new products will complement the "existing CFTC-regulated series of crypto futures for BTC, ETH, BCH, LTC, and DOGE."

ChainCatcher message, the decentralized derivatives trading platform Hyperliquid announced on platform X that Hyperliquid L1 will support native EVM. The EVM will be enhanced to automatically compose native components on Hyperliquid L1: HIP-1 assets, spot trading, perpetual contract trading, and other DeFi primitives. The testnet is expected to launch in the coming months.Today, Hyperliquid has provided massively scalable throughput for the most frequently used DeFi operations. The EVM will unlock all applications that do not require extensive optimization, such as bridging, auctions, lending, and new user applications.

ChainCatcher news, May 14, according to The Block, OKX has officially launched a spot and derivatives cryptocurrency trading platform in Australia, offering spot trading services to all Australian users, while derivatives trading will be available only to verified professional clients. Its Australian users can also deposit and withdraw Australian dollars through most Australian banks to access a total of 85 crypto tokens or 170 crypto spot pairs.

ChainCatcher news, StarkNet ecosystem derivative trading protocol ZKX has announced that it will launch its governance token ZKX on June 6, along with plans for token distribution and ecosystem development over the coming months.ZKX stated that after the token launch, it will be listed on selected AMMs and centralized exchanges on StarkNet, and staking functionality will be enabled simultaneously. At that time, users can stake ZKX tokens to receive a share of DEX trading fees in the form of USDC.It is reported that to ensure a smooth token issuance, ZKX has set a 3-month linear release period for Airdrop 1, Airdrop 2, and the cumulative trading rewards before the mainnet launch. Trading rewards obtained after June 6 will be available for immediate withdrawal. In addition, ZKX will conduct Airdrop 2 in June and plans to carry out two more rounds of airdrops within this year.ZKX revealed that in 2024, it aims to "socialize perpetual contracts" and will focus on expanding important features such as referral programs, staking, and prediction markets to inject social elements into the derivatives market. To align with the token issuance, ZKX has made slight adjustments to the token economic model, reducing the team's share to increase the share of the liquidity launch pool on the Fjord protocol, while the community share remains unchanged.It is worth mentioning that the ZKX token had previously completed its first round of airdrop in April. Currently, the protocol has accumulated over 24,000 accounts, and the trading volume of perpetual contracts has exceeded $810 million.

ChainCatcher news, the centralized derivatives trading platform KTX.Finance announced on platform X that its cumulative trading volume has surpassed 5 billion USD. Previous report states that on April 15, the number of independent traders on KTX exceeded 30,000.According to the RootData page, KTX.Finance is a capital-efficient decentralized spot and perpetual contract exchange that utilizes a single multi-asset pool to enable leveraged trading. Traders can take on leverage of up to 50 times while enjoying low trading fees and no counterparty risk.

ChainCatcher news, the decentralized derivatives trading platform KTX.Finance in the BNB Chain ecosystem announced on platform X that its number of independent traders has surpassed 30,000.According to the RootData page, KTX.Finance is a capital-efficient decentralized spot and perpetual contract exchange that utilizes a single multi-asset pool to enable leveraged trading. Traders can take on leverage of up to 50 times while enjoying low trading fees and no counterparty risk. Essentially, the counterparty for traders is the KTX.Finance local liquidity pool or KLP pool.

ChainCatcher news, according to CoinDesk, the decentralized derivatives trading platform Stream Trading has completed a $1.5 million seed round financing at a valuation of $20 million, with participation from Polychain.Stream Trading founder Diogenes Casares stated that, compared to other competitors, Stream Trading focuses more on financing rates rather than swap fees.