CME Group expands its Bitcoin, Ethereum derivatives product suite
The company will offer 14 new derivatives options for greater flexibility and risk management - subject to regulatory approval.
Track crypto derivatives news, futures, options, perpetuals, leverage trends, and trader positioning across volatile digital asset markets.
Bitcoin's annualized 3-month futures basis just came out of deep backwardation. Every time this happened in the past, a price rally occurred within months.
For the purposes of this article, we'll be looking broadly at these three measures: security and privacy, transaction and cost efficiency and lastly, token ecosystems and reward-generating offerings.
Data analyzed by CryptoSlate showed that roughly $3 billion worth of Bitcoin derivatives positions have been closed out in two months.
JP Morgan said regulation is coming to crypto following the FTX collapse and highlighted the importance of self-custody, asset security, and customer protection.
Bitcoin and Ethereum accounts for 63% of Coinbase, and 15% of Binance.
Concerns around the liquidity of FTX and Alameda Research fueled contagion fears, bringing the crypto market down and causing huge liquidations.