Perpetual swaps, also called perpetual futures or “perps” for short, are the dominant trading instrument in the crypto market, processing an estimated $40 to 50 trillion a year in volume. They dwarf spot trading, and they are the product that professional traders, hedge funds and retail speculators reach for when they want leveraged exposure to […]
Russia’s largest bank, Sberbank, plans to build cryptocurrency trading infrastructure and launch a digital depository by Dec. 1 as Russia moves to bring crypto trading, custody and settlement into its regulated financial system. The depository, according to Interfax, will record clients’ ownership of cryptocurrency and process most transactions outside the underlying blockchain. Sberbank will operate […]
Russia’s State Duma passed legislation establishing the country’s first comprehensive framework for regulating cryptocurrencies with most of the new rules set to take effect on Sept. 1. The law creates a legal framework for crypto exchanges, depositories and other digital asset providers, while setting rules for who can buy crypto and under what conditions, Russia’s […]
Keyrock, a digital-asset services firm, acquired the trading and brokerage assets of BlockFills’ institutional digital asset business, bolstering its push into institutional crypto markets, the company said in a press release Thursday. The completed transaction adds BlockFills’ client relationships, trading technology and derivatives expertise to Brussels-based Keyrock’s existing businesses spanning market making, over-the-counter (OTC) trading, […]
The U.S. Securities and Exchange Commission (SEC) has sued Texas resident Nathan Fuller, alleging he raised about $12.3 million from roughly 150 investors through a crypto investment scheme built around false claims of AI-powered trading bots, guaranteed returns and insurance protections. According to a complaint filed in the U.S. District Court for the Southern District […]
Sports-focused blockchain Chiliz is expanding its roster of over 70 fan tokens to Solana and Base, the Ethereum layer-2 network developed by Coinbase (COIN). Chiliz rolled out its own layer-1 network in 2023 to host the trading of its tokens, but is transitioning to what it calls “omnichain distribution,” according to an announcement on X […]
Brokerage services giant Charles Schwab plans to roll out spot cryptocurrency trading in the first half of 2026, pushing it deeper into digital assets. “We remain on track to launch our spot crypto offer in the first half of 2026, starting with bitcoin BTC$66,835.15 and ether (ETH),” a company spokesperson told CoinDesk on Friday. The […]
The U.S. Securities and Exchange Commission (SEC) approved on Wednesday Nasdaq’s proposal to allow certain securities to trade in tokenized form, a significant milestone to integrate blockchain tech into U.S. equity markets. Nasdaq’s tokenization plan ties into a pilot run by the Depository Trust Company (DTC), which will handle clearing and settlement of tokenized trades. […]
The derivatives market on leading digital assets exchange Binance is doing more than five times the business of spot, hinting at volatile market conditions. The futures-to-spot volume ratio on the exchange has risen to approximately 5.1, its highest level since mid-2023, CryptoQuant data shows. The ratio is an indicator of the type of market participants […]
Kalshi, one of the leading prediction market firms, said it caught and penalized two users for insider-trading activity on its platform, including an editor for the popular social-media star MrBeast. The company said it has more than a dozen active insider-trading cases among 200 it’s investigated. On Wednesday, Kalshi disclosed the details of two that […]
The bankruptcy court-appointed administrator of the Terraform Labs collapse is suing Jump Trading, accusing the high-speed trading company of illegally profiting from and contributing to the $40 billion crash, according to the Wall Street Journal. Todd Snyder, tasked with winding down what remains of the crypto empire, is seeking $4 billion in damages from the […]
Nasdaq is looking to enable nearly round-the-clock trading, aiming to match the increasingly global nature of financial markets and investor behavior, according to a filing with the U.S. Securities and Exchange Commission (SEC) Under the proposal, Nasdaq would expand trading hours for stocks and exchange-traded products (ETPs) from 16 hours to 23 hours per day, […]