Galaxy Digital’s trading engine will be paired with Bakkt’s custody services in a collaborative effort to meet institutional demand for Bitcoin. The Intercontinental Exchange’s digital asset custody and derivatives platform Bakkt has partnered with crypto asset manager Galaxy Digital to launch a ‘white glove’ service for institutions seeking Bitcoin (BTC) exposure. The collaboration will see […]
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Here’s how the crypto derivatives market compares to the traditional derivatives one. Crypto derivatives volumes have hit a new record high in May 2020. The early generation of crypto investors mostly worked with a hold-and-sell perspective. With the inevitable evolution of the market and the advent of cryptocurrency derivatives, investors with varied agendas — such […]
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Just over a month since open interest in Bitcoin options hit a record high of $1 billion, the latest figures show that it has increased 50% to break $1.5 billion. According to the latest data from market analysis company Skew, total open interest in Bitcoin (BTC) options passed $1.5 billion on June 9. This comes […]
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Though former Bakkt CEO Kelly Loeffler’s Georgia Senate seat faces no risk in the June 9 primary, everything is up for grabs in November. Republican Senator and former Bakkt CEO Kelly Loeffler may find herself up against a better-organized and more supported Democratic candidate in November’s special election. Early returns are still coming in from […]
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Crypto custody firms are mostly treated like traditional assets, ignoring the uniqueness of digital assets and its various complexities. The business of cryptocurrency custody is getting more competitive and lucrative by the day. The most recent announcement has come from Switzerland, where local family-owned bank Maerki Baumann announced on May 29 that it had expanded […]
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CME is gaining presence in Bitcoin options in a market still dominated by Deribit and exchanges, new data reveals. Bitcoin (BTC) derivatives interest is putting in “fast” growth this quarter — and CME Group is leading the way for options, new data shows. According to monitoring resource Skew, the past weeks have seen CME dramatically […]
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Bitcoin options volume at CME rose 1000% this month as institutional investors built short-term bullish positions, but will BTC’s spot price rise? Bitcoin’s (BTC) options markets are finally taking off at CME. This week Cointelegraph reported that the combined volume traded over the last ten days surpassed $140 million, as institutional investors delved in call […]
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Despite heavy losses in VC funding across the crypto sector at large, DeFi lending firms saw a more than 50% increase in fundraising during April. A report published by venture capital research firm, Ana.vc, has revealed a 57% decline in crypto funding from VCs over the month of April. Despite the decline in overall investment, […]
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Former Bakkt CEO Kelly Loeffler sent documentation concerning her stock trades to the Justice Department amid insider trading accusations. The former chief executive officer of both Bakkt and the New York Stock Exchange’s parent company Intercontinental, U.S. Senator Kelly Loeffler, has handed over documentation concerning her trading activities to the U.S. Justice Department, or DoJ, […]
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Financial statement reviews show the Intercontinental Exchange, or ICE, gifted U.S. Senator Kelly Loeffler millions during her departure from its daughter company, Bakkt. Recent financial statement analysis from the New York Times showed Georgia Senator, Kelly Loeffler, received a hefty sum after she departed her post as Bakkt’s CEO. ICE gave Loeffler a reported $9 […]
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