• FCA bans crypto derivatives
    Cryptocurrencies,  Regulation

    U.K. regulator shuts small investors out of crypto derivatives

    The Financial Conduct Authority prohibited the sale of cryptocurrency derivatives to retail customers, starting today, to protect consumers

    The regulator explained that the reason it believes that to be true is that the cryptocurrencies underlying such derivatives “have no reliable basis for valuation.” Beyond that, the presence of financial crime and market abuse in the crypto secondary market also makes reliable information hard to get. The FCA also cited the extreme volatility in cryptoasset valuation and the inadequate understanding of crypto by retail investors.

  • Wall Street bull statue

    CME Group launches bitcoin options contracts

    The launch comes on the heels of rival exchange Bakkt’s launch of its own bitcoin options and cash-settled contracts in December

    CME Group, one of the first regulated institutions to offer bitcoin futures, launched bitcoin options contracts today.