Derivatives


Markets

Rally in Crypto Game Axie's AXS Token Faces Skepticism From Derivative Traders

With a favorable environment for alternative cryptocurrencies far away, a rise in open interest in AXS futures implies traders shorting the rally, one trader said.

Traders appear to be shorting the rally in AXS. (TheDigitalArtist/Pixabay)

Videos

AAX Likely Moving Toward Legal Procedure, Former Exec Predicts

Hong-Kong based crypto exchange AAX closed out its derivatives position. The company said in a statement on Nov. 19 that the firm "has a chance ... of resuming normal operations." Former AAX VP and Head of Research Ben Caselin says "that's definitely not my sentiment observation," adding the exchange is likely moving to a legal procedure.

Recent Videos

Markets

Matrixport Favors 'Systematic Bitcoin Call Overwriting' Strategy for 2023

The approach involves owning bitcoin while selling weekly call options with strike prices above the market level.

Matrxiport prefers systematic call overwriting strategy for 2023 (PIRO4D/Pixabay)

Finance

Shuttered AAX Will Close Out Derivatives, Citing ‘Chance’ of Return to Normal

The Hong Kong crypto exchange hopes to be able to raise enough capital to reopen following a hack.

Hong Kong skyline (anuchit kamsongmueang/Getty Images)

Markets

Institutions Take Bearish Stance on Bitcoin, Create Arbitrage Opportunity

The record discount in the front-month bitcoin futures traded on the CME indicates institutions are biased bearish. The discount may attract arbitrageurs.

The record bitcoin futures discount suggests institutions are biased bearish. (Arcane Research)

Policy

Health of FTX’s US Derivatives Arm Owed to Oversight, Says CFTC Chief Behnam

The former LedgerX unit seems to be in good shape, Behnam said at a Chicago event, though its controversial application to directly clear customers’ derivatives trades was withdrawn.

CFTC Chair Rostin Behnam (Suzanne Cordeiro/Shutterstock/CoinDesk)

Finance

FTX Withdraws US CFTC Derivatives Clearing Plan

The company previously submitted a plan that it hoped would allow customers to assess and respond to derivatives risks in real time.

(Jesse Hamilton/CoinDesk)

Markets

Panic Grips SOL With Record Volatility and Massive Put Demand

An incoming supply deluge seems to have spooked investors in both the spot and derivatives markets.

El mercado de opciones de SOL deja a la vista el estado de pánico de los inversores. (Andrey Metelev/Unsplash)

Policy

With FTX Bloodied, Rival in US Regulatory Fight Adds Another Knife

One of the traditional, regulated firms that has opposed an FTX effort to upend derivatives clearing – Cboe Digital – jumped into the drama by issuing a letter boasting about its safety measures.

The Cboe Global Markets Inc. building in Chicago (Scott Olson/Getty Images)

Policy

FTX’s Push for US Crypto Clearing Left In Suspense by Binance Deal

The fate of FTX U.S. Derivatives’ application for the authority to clear customers’ crypto transactions – a potential game changer in U.S. markets – is now unclear.

FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)