Tag Archives: CFTC

FTX crypto derivatives exchange platform has begun services for Bitcoin (BTC) options. The announcement came in a tweet posted on Saturday from FTX CEO Bankman-Fried.Options are live!https://t.co/B85lrLVDQO— SBF (@SBF_Alameda) January 12, 2020The announcement did not include any specific details about the offering, only that its Bitcoin options. However, in another tweet just about two hours later, the CEO said the platform had hit $1m in volume, since the launch.FTX Bitcoin OptionsEven as...

The United States Commodity Futures Trading Commission (CFTC) has previously allowed several crypto derivatives products to enter the market. In that context, CME Group, which offers Bitcoin futures, plans to launch options on BTC futures on January 13, 2020.While responding to the growing interest in cryptos and customer demand for tools to manage Bitcoin exposure, CME Group decided to launch options on BTC futures. As we highlighted earlier, the firm officially confirmed this launch last...

Kelly Loeffler, the former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, will be joining the committee that looks upon the Commodity Futures Trading Commission (CFTC). However, that increased the worries of a possible conflict of interest. In a Jan. 6 tweet, Loeffler said she has sworn into the United States Senate by Mike Pence, the Senate’s chief officer, to become Georgia’s newest Senator.It's official! What an honor to serve our great state in the...

The Bitwise digital asset management is still very much interested in creating a Bitcoin exchange-traded fund (ETF). On Wednesday, the firm sent a new letter to the United States Securities and Exchange Commission (SEC), responding to the earlier published 112-page rejection letter it received from the SEC back in October.Published by the SEC on Friday, the new letter addressed the SEC’s manipulation fears. According to the SEC, one of the reasons the Bitcoin ETF could not be approved was the...

Bitcoin price has jumped back above $7000 gaining over 7% in the last 24 hours. This price jump in Bitcoin is reportedly due to a massive spike in the Bakkt Bitcoin Futures volume. Thus, despite the Bitcoin price volatility, institutional trading for Bitcoin seems on the rise.A Twitter handle dubbed Bakkt Volume Bot has highlighted this rise.∙ Today's volume so far: 6312 BTC ($45.56 million)∙ Last traded price: $7,218∙ Trading day progress: 83%∙ Current daily Bakktarget™: 6994 BTC ($50.48...

In direct competition to ICE‘s Bakkt platform, cryptocurrency exchange ErisX has launched its physically-settled Bitcoin futures contracts. In an official announcement on Monday, December 17, ErisX said that it will make its futures contracts available in the U.S. as of now.The product dubbed “Futures Digital Currency Products” will start trading today onwards from 8:00 a.m. Central Time (14:00 UTC). As per CoinDesk, ErisX’s Bitcoin futures will trade alongside its existing cryptocurrency...

BitMEX – one of the world’s largest and most prominent bitcoin and cryptocurrency exchanges – is being sued by one of its early investors over potential fraud and lost equity.BitMEX Is In Trouble All Over AgainThe plaintiff in this case is a former JPMorgan derivatives trader named Frank Amato. He and his company RGB Coin are looking to garner $300 million in restitution from BitMEX and its head executive Arthur Hayes, who also owns a company called HDR Global Trading.Amato claims he was one...

After in September, Bakkt’s physically-backed Bitcoin futures platform finally started its work, a lot of crypto believers wondered what is next. Well, there is something. The U.S. Securities and Exchange Commission (SEC) recently approved a new investment fund that will invest in Bitcoin futures contracts. The registration statement filed by Stone Ridge Trust VI for the NYDIG Bitcoin Strategy Fund began with its work on Monday after the company, already in October filed Form N-2 with the...

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The last couple of years have seen national governments grappling with how to regulate Bitcoin and other cryptocurrencies. Some of them have been hostile to virtual currencies while others have been more accepting. The United States is no exception to this difficulty, but the Commodity Futures Trading Commission (CFTC) is one federal agency that is actually supportive of Bitcoin and blockchain. This bullish view was reinforced by CFTC Chairman Heath Tarbert when he appeared on CNBC’s “The...