The Commodity Futures Trading Commission (CFTC) is reportedly working on a draft proposal to enhance regulatory defenses and protect client funds. Coming in response to last year’s collapse of crypto giant FTX, the proposal aims to expand the scope of existing regulations to include exchanges that allow...
American cryptocurrency giant Coinbase has reportedly weighed purchasing fellow exchange FTX’s European business. A report Friday (Sept. 22) by Fortune said the move is part of Coinbase’s efforts to expand its derivatives operations. The report — citing internal messages — said the discussions never got to a “late...
Cryptocurrency brokerage Genesis will reportedly get an equity infusion of $140 million from its parent company to strengthen its balance sheet after saying its derivatives business has $175 million locked in a trading account of FTX, which has filed for bankruptcy protection. The infusion is...
Back in 2020, if you weren’t in crypto, you’d never heard of Sam Bankman-Fried, the billionaire owner of the FTX exchange and especially the small quant trading firm called Alameda Research where he’d made the beginnings of his fortune. A year later, as crypto’s market...
January 07, 2024
Coinbase plans to purchase a Cyprus-based company to offer cryptocurrency-linked derivatives in the European Union. America’s largest crypto firm announced the plans on its blog Friday (Jan. 5), saying the agreement with the unidentified company would give it access to a MiFID (Markets in Financial Instruments Directive) license. MiFID refers to the European Union’s (EU) licensing […]
November 09, 2023
The Commodity Futures Trading Commission (CFTC) is reportedly working on a draft proposal to enhance regulatory defenses and protect client funds. Coming in response to last year’s collapse of crypto giant FTX,...
September 24, 2023
American cryptocurrency giant Coinbase has reportedly weighed purchasing fellow exchange FTX’s European business. A report Friday (Sept. 22) by Fortune said the move is part of Coinbase’s efforts to expand its derivatives operations....
November 11, 2022
Cryptocurrency brokerage Genesis will reportedly get an equity infusion of $140 million from its parent company to strengthen its balance sheet after saying its derivatives business has $175 million locked...
