Citing people familiar with the matter, Bloomberg reported that crypto derivatives exchange Deribit hired a financial adviser to "review opportunities" after attracting the attention of potential acquirers. The company invited Financial Technology Partners LLC (FT Partners) to participate in the potential deal, and cryptocurrency exchange Kraken has also expressed interest in participating. Bloomberg reported that Kraken is not moving forward with the acquisition and said Deribit could be valued...
Decentralized derivatives exchange dYdX tweeted that MegaVault TVL has topped $80 million.
The decentralized derivatives agreement dYdX community voted to allocate $4 million from the Treasury subDAO assets to support the eco-development initiative.
Symmio, a decentralized derivatives protocol, announced that it has completed a $3.10 million financing round, with investors such as Spartan Group, Orbs, MCLB and Blockchain Founders Fund investing about $2.10 million in it. MS2 Capital, GMoney and Prime Ventures are early investors in the company.
Digital asset derivatives exchange Deribit options unpositioned squaring contracts hit a record high on Thursday, with bitcoin and ether contracts reaching $37.60 billion and the total platform unpositioned squaring contracts reaching $40.80 billion. Luuk Strijers, CEO of Deribit, said: "The record high position volume not only reflects higher prices, but also indicates an increase in the overall adoption of options in the cryptocurrency derivatives space. Institutional investors and...
The decentralized derivatives trading platform dYdX has announced that it will launch an upgraded version of dYdX Unlimited in November, including a permissionless market launch, MegaVault (which obtains liquidity from dYdX users and acts as a market maker for all dYdX Chain markets), and an invitation program, the Affiliates Program. The official said that a series of other enhancements are expected to be launched in the coming months, including new integrations with popular wallets and third-p...
Decentralized derivatives startup SynFutures has launched "Perp Launchpad", the first tool platform designed to create a sustainable futures market that supports futures trading of any asset, including memetics. Built on the Base of Ethereum Layer 2, the platform is designed to provide market liquidity and risk hedging for new projects and passive rewards for liquidity providers. SynFutures also launched a $1 million grant program designed to support token demand and utility for new projects, in...
Citing a report by crypto derivatives trading platform Derive.xyz, Bloomberg reported that bitcoin's put and call options were evenly distributed throughout October, indicating that speculators were preparing for both a rising and falling trend ahead of the U.S. election.
Crypto derivatives exchange Bitnomial has announced the completion of a $25 million funding round led by Ripple Labs and the launch of its perpetual futures trading platform Botanical, which is currently in closed beta testing. The platform will offer investors a way to trade perpetual futures, traditional futures and options. Bitnomial CEO Luke Hoersten said the platform aims to provide a regulated and innovative trading experience and settle perpetual futures using Ripple's RLUSD stablecoin.
Decentralized derivatives trading platform Hyperliquid has released an incident report on Arbitrum's cross-chain failure, explaining why its cross-chain bridge went down on Monday. Its anonymous developer iliensinc said there was an "extremely rare edge case" where multiple RPCs (remote procedure calls) received erroneous data. The team is currently improving the monitoring process to prevent the same false positives from being triggered in the future. All user funds are safe.