Kalshi is getting a reminder that fast growth in finance comes with boring little things like disclosure rules, and regulators do not treat “oops, the influencer forgot the ad label” as a charming personality quirk. NAD referral: Kalshi refused a voluntary review of influencer ads Disclosure issue: Paid ties may not have been clearly revealed […]
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CME Group has pushed crypto derivatives into 24/7 trading, and the first weekend brought in about $50 million in notional volume. For a market built around assets that never sleep, that’s a pretty obvious fix to a very old TradFi problem. 24/7 crypto futures and options launched on May 29 About $50 million in notional […]
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Coinbase just won a major CFTC approval that could pull a meaningful slice of crypto derivatives trading back onto U.S. soil, giving American traders regulated access to products that have long been dominated by offshore venues. CFTC approval: Coinbase can expand regulated crypto derivatives access in the U.S. First mover: first CFTC-regulated FCM allowed to […]
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Payward, the company behind Kraken, has filed a lawsuit accusing former custodian Etana Custody and its CEO Brandon Rusell of misusing more than $25 million in client funds, falsifying balances, and running what it calls a “Ponzi-like” scheme. At the same time, Kraken is pushing deeper into regulated U.S. derivatives after completing its Bitnomial acquisition. […]
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Thailand’s Securities and Exchange Commission is moving to make crypto derivatives licensing less of a bureaucratic maze, and that could open the door wider for regulated futures trading in the country. Thailand SEC proposes direct derivatives licensing for crypto firms Separate legal entity requirement could be removed Public comment runs until May 20 Goal: wider […]
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Kraken’s $550M Bitnomial Acquisition: A Bold Grab for U.S. Crypto Derivatives Control Payward Inc., the parent company behind the cryptocurrency exchange Kraken, has unleashed a game-changing move with its $550 million acquisition of Bitnomial, a Chicago-based crypto derivatives platform. This cash-and-stock deal, pending regulatory nods from the Commodity Futures Trading Commission (CFTC) and set to […]
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Payward’s $550M Bitnomial Acquisition: A Game-Changer for US Crypto Derivatives Payward, the parent company behind the heavyweight crypto exchange Kraken, has dropped a bombshell with its $550 million acquisition of Bitnomial, a Chicago-based crypto derivatives platform. Valuing Payward at a staggering $20 billion, this deal isn’t just a flashy headline—it’s a calculated strike to dominate […]
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Kraken’s Power Play: $550M Bitnomial Acquisition Sets Stage for IPO and Regulated Crypto Derivatives Kraken has just made a seismic move in the cryptocurrency exchange space by acquiring Bitnomial, a US-based crypto derivatives platform, for $550 million. Through its parent company Payward, Kraken is not only eyeing dominance in the regulated derivatives market but also […]
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Coinbase Secures Australian License to Offer Regulated Derivatives to Retail Investors Coinbase, a titan in the cryptocurrency exchange arena, has scored a major victory by obtaining an Australian Financial Services License. This strategic move positions the platform ahead of Australia’s looming mandatory licensing for crypto firms and paves the way for retail investors to access […]
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U.S. Court Slams KuCoin Out of American Market: CFTC Order Signals Brutal Crackdown The hammer has fallen on KuCoin, one of the crypto world’s heavyweight centralized exchanges. The U.S. District Court for the Southern District of New York has greenlit a Commodity Futures Trading Commission (CFTC) consent order that indefinitely bars KuCoin’s operator, Peken Global, […]
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