Trading

How Crypto Sectors Are Trading Through the Dollar Strength 'Tsunami'

How Crypto Sectors Are Trading Through the Dollar Strength ‘Tsunami’

As a whole, crypto fared far worse than equities in the week following the CPI data release. The CoinDesk Market Index (CMI), a cap-weighted index of 148 of the largest cryptocurrencies, slid 13.5% during those seven days. Here, too, we find variances based on sector. The CoinDesk Smart Contract Platform Index (SMT) – which includes …

How Crypto Sectors Are Trading Through the Dollar Strength ‘Tsunami’ Read More »

Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market

Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market

By comparison, traditional options trading of stocks accounts for 20% of the market cap of the S&P 500 at the Chicago Board Options Exchange (CBOE), EDG said. “When you think of all the other [S&P 500]-like products including [exchange-traded funds], SP Minis, etc., you can see that bitcoin options have multifold growth ahead of it,” …

Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market Read More »

Santander Brazil to Launch Crypto Trading Feature in Coming Months, CEO Says

Santander Brazil to Launch Crypto Trading Feature in Coming Months, CEO Says

Several non-crypto financial companies have announced or started operating crypto ventures in Brazil recently. In July, the Brazilian fintech PicPay announced its plans to launch a crypto exchange and a Brazilian real-tied stablecoin in 2022, while in December, Mercado Libre, Latin America’s largest e-commerce company by market value, started allowing users in Brazil to buy, …

Santander Brazil to Launch Crypto Trading Feature in Coming Months, CEO Says Read More »

Quantitative trading firm Susquehanna will follow FTX to the Bahamas

Quantitative trading firm Susquehanna will follow FTX to the Bahamas

Susquehanna International Group, a large quantitative trading firm that operates in both traditional as well as crypto markets, is plotting an expansion to the small island nation of The Bahamas, following in the footsteps of Sam Bankman-Fried’s FTX.  The financial services firm, which is currently based in Bala Cynwyd Pennsylvania, has been active in …

Quantitative trading firm Susquehanna will follow FTX to the Bahamas Read More »

SEC asks court to enforce subpoena against crypto startup Terraform Labs

Crypto firms could face fallout from SEC insider trading case against former Coinbase employee

The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) on July 21 brought parallel criminal and civil actions against a former Coinbase employee, his brother and his friend for allegedly running an insider trading scheme. While the legal proceedings play out, a number of firms may be caught in the crossfire. …

Crypto firms could face fallout from SEC insider trading case against former Coinbase employee Read More »

CFTC conducting probe of decentralized prediction platform Polymarket: report

CFTC commissioners speak up after SEC files crypto insider trading case

Members of the Commodity Futures Trading Commission (CFTC) stressed the need for more regulatory collaboration after the Securities and Exchange Commission (SEC) lodged a digital assets insider trading case today against a former Coinbase employee and his associates. CFTC commissioners were unusually public in calling for more collaboration. Commissioner Caroline Pham called the action …

CFTC commissioners speak up after SEC files crypto insider trading case Read More »

Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

While Three Arrows Capital used its tens of billions of dollars of assets under management to invest in new projects and take large market positions, it also operated an over-the-counter trading desk called Tai Ping Shan (TPS) Capital. The entity was once described on LinkedIn as “the official OTC desk of Three Arrows Capital,” according …

Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities Read More »