• Bitcoin liquidates $500M longs hour

    Bitcoin’s hiccup liquidates $500M of longs in one hour

    Bitcoin 12% price plunge caused futures traders to lose nearly $500 million within an hour—and more than $2.8 billion over two days

    One explanation is that many new and inexperienced traders have joined the market. On-chain analytics firm Glassnode’s founders Jan Happel and Jann Allemann had another: “There is excess greed in the system, with 60% of contracts levered 20x or more."

  • Goldman Sachs bitcoin futures desk

    Goldman Sachs reopening Bitcoin trading desk, looking at ETF: Report

    The bank is exploring the potential of launching a Bitcoin exchange-traded fund and is said to be looking for a digital asset custodian partner

    A person familiar with the situation reportedly said that Goldman Sachs will restart its Bitcoin futures trading desk, first proposed and then cancelled in 2018. The financial giant is expected to offer the futures and non-deliverable forwards for clients from next week.

  • ErisX ETH futures America
    Cryptocurrencies,  Ethereum,  Regulation

    ErisX brings ETH futures to America

    The crypto derivatives exchange’s physically settled ether futures are the first available to U.S. investors; Binance.US adds OTC desk for large crypto trades

    On May 11, TD Ameritrade-backed cryptocurrency derivatives exchange ErisX announced that it now offers physically settled ether futures contracts to both institutional and retail investors.