Trading volume of options tied to BlackRock's Bitcoin ETF (IBIT) has soared, with a total of 7,714,246 IBIT options contracts in active or non-position squaring as of Tuesday, CoinDesk reported. According to optioncharts.io data, IBIT option contracts rank ninth in terms of non-position squaring contracts among U.S. listed stocks, ETFs, and index-linked options; for stock options alone, IBIT options rank second in terms of non-position squaring contracts. According to reports, IBIT options have ...
According to The Block's data panel, monthly spot trading volume on cryptocurrency exchanges fell to $1.59 trillion in November, the lowest level since June and down 26.7% from October's $2.17 trillion, making November the worst month after June's $1.14 trillion trading volume. Binance remains the most traded exchange, recording $599.34 billion in volume in November, but this figure is down sharply from $810.44 billion in October, reflecting a general pullback in volume across the industry.
The data shows that since the beginning of October, the amount of XRP futures unpositioned squaring contracts has dropped from 1.70 billion XRP to 700 million XRP, a decrease of 59%; at the same time, the funding rate has also dropped from about 0.01% to 0.001%. According to blockchain data analytics platform Glassnode, this phenomenon signals a structural stagnation in the market's speculative appetite for XRP.
On November 13th, CryptoQuant analyst Darkfost said that the deleveraging process of the market is still continuing, excess risk is constantly being removed, and the use of leverage is gradually cooling down. The volume of unpositioned squaring contracts has decreased by 21% in the past three months (90-day change), and the leveraged position is declining significantly. During the adjustment period of September 2024 and April 2025, the decline of about -24% and -29% of the leveraged position was...
On November 13, the total trading volume of xStocks exceeded $10 billion 135 days after its launch, including nearly $2 billion in on-chain volume. xStocks is a tokenized trading platform for US stocks developed by Kraken and Backed, through which users in eligible regions can invest in US stocks and ETFs.
GlassNode tweeted that after the deleveraging wave in October, the volume of bitcoin futures (unpositioned squaring contracts) continued to be low, with few signs of new speculative position accumulation. The active level of the derivatives market fell sharply, reflecting the general background of low market sentiment.

Researchers say a quarter of trades on the prediction platform show signs of artificial activity.
BTQ has signed a $15 million development and co-investment agreement with ICTK to co-develop quantum-secure component chip "Quantum Computing in Memory" (QCIM). The two agreements cover the joint design through certification and BTQ's equity investment, with ICTK providing physical cost sharing and priority manufacturing capabilities. The partnership aims to address the growing cyber security threats in the age of quantum computing, with a particular focus on protecting digital assets and stable...
US crypto trading platform Kraken reported Q3 results, with revenue reaching $648 million, an increase of 114% year-on-year and a record high. Adjusted EBITDA was $179 million, and profit margins rose to 27.6%. In addition, the total transaction volume of the platform increased by 106% year-on-year to $561.90 billion, and the platform assets increased by 89% to $59.30 billion. Kraken's user base also continued to expand, with 5.20 million registered accounts as of the end of the quarter. Kraken ...
According to the chart published by glassnode, the amount of bitcoin unpositioned squaring contracts has dropped by about 30%, and a large amount of excess leveraged funds have been removed from the market. At present, the funding rate is close to neutral level, and the risk of the market encountering a new round of liquidation has been greatly reduced.