SBF promotes efficiency of ‘misunderstood’ crypto derivatives
FTX CEO Sam Bankman-Fried says derivatives are necessary to bolster the liquidity and efficiency of markets. The chief executive of crypto derivatives exchange FTX, Sam Bankman-Fried (SBF), has argued that derivatives are vital for the efficiency of the digital asset markets.In an interview with Forbes published Aug. 30, the crypto billionaire claimed that crypto derivatives are “misunderstood,” asserting that critics fail to recognise the vital role derivatives play in bolstering the liquidity and efficiency of markets. Derivatives refer to financial contracts that derive their value from....
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The use of blockchain technology in Latin American stock markets is expanding. The Colombian Stock Exchange announced it is joining the Consorcio Colibrí, a private initiative that promotes the adoption of blockchain technology within the finance industry.As Cointelegraph Español reported on Nov. 18, Consorcio Colibrí was formed by major financial institutions such as Bancolombia, BBVA, Santander Caceis Colombia, Deceval, Contrato Marco, Porvenir and Skandia, among others.Via a partnership with member firm Contrato Marco, the CSE will use the Colibrí platform's blockchain tech to improve....
Crypto derivatives are now among the most common financial products on any cryptocurrency exchange or trading platform, thanks to increased interest among the trading community. Trading crypto derivatives has its own advantages as it allows users to mitigate volatility-associated risks and hedge against potential losses. There are various derivatives products that include Swaps, Futures, Forwards, […]
Fresh off the heels of Binance’s last announcement to discontinue crypto derivatives offerings in Germany, Italy, and the Netherlands, the company revealed on Friday crypto derivatives products in Hong Kong will cease as well. Effective immediately, users won’t be able to open new derivatives positions and customers with existing derivatives positions have 90 days to close them. Binance Ends Crypto Derivatives Offerings in Hong Kong Binance revealed on August 6 that the exchange will no longer offer crypto derivatives products to customers. The news follows the company’s....
Crypto Facilities, a London-based firm that provides regulated risk management and trading for digital assets, will become the first derivatives exchange to list regulated XRP futures contracts, Ripple Labs announced on its website. Ripple formalized its partnership with Crypto Facilities in February. Crypto Facilities also partnered with CME Group, a Chicago-based financial exchange that operates some of the largest futures and derivative exchanges in the U.S., which has invested in Ripple. Expanding Trade. The partnership with CME provides an added venue for trading XRP and a larger....