The acquisition will see Coinbase pay $700 million in cash and issue 11 million shares of its Class A stock. The deal is expected to close by the end of 2025. Deribit has roughly $30 billion in open interest and processed more than $1 trillion in trading volume last year in its key markets, largely…
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The move strengthens CMC’s position in the digital asset space, with the FTSE 250-listed financial services provider also increasing its holdings of the STRX token from 10 million to 15 million. The expanded partnership is said to mark a new phase in the collaboration between the two companies. “This agreement represents a major step forward…
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The contracts began trading Tuesday on the Cboe Futures Exchange (CFE), offering cash-settled exposure to bitcoin through the FTSE Bitcoin Reduced Value Index. The exchange stated that the new XBTF futures provide institutional and professional investors with a tool to gain or hedge bitcoin exposure. XBTF futures are cash-settled contracts. "As customer demand for crypto-based…
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Wolf, who has served on the firm’s board since June 2024, has more than 25 years of experience in capital markets, with expertise in fixed income, currencies and commodities. He joins Crossover at a time of growing institutional engagement in crypto and will aim to help the company achieve its strategic and financial goals. Most…
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The global payments giant said it is aiming to bring digital currencies into the mainstream by enabling transactions from wallets to checkouts. The initiative is part of Mastercard’s broader strategy to integrate blockchain-based assets into traditional finance. The company has partnered with OKX and Nuvei to support stablecoin transactions across its network, allowing consumers to…
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The companies explained that the partnership will allow institutional investors to access tailored exposure to digital assets through Marex-issued structured notes, linked to WisdomTree’s ETPs. The products are said to offer varying levels of capital protection, yield enhancement, or leverage, depending on the investor’s risk profile. Dovile Silenskyte, Director of Digital Assets Research at WisdomTree,…
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The move comes not long after it was announced that Hidden Road was acquired by Ripple for $1.25 billion. The licence enables Hidden Road to offer a wider range of regulatory-compliant services—including clearing, financing and execution—to institutional clients in the fixed income market. The firm’s platform already includes Fixed Income Repo and Global Funding services.…
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The collaboration integrates Broadridge’s Distributed Ledger Repo (DLR) platform with Fnality’s Payment System (FnPS), enabling delivery versus payment (DvP) using digital representations of funds held at central banks. Broadridge said in a press release that the initiative is expected to improve efficiency, optimise liquidity management, and reduce operational risk in repo markets. “This leap forward…
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This strategic shift aligns with President Donald Trump's pro-cryptocurrency agenda, which aims to position the United States as a global leader in the digital assets sector. The administration has expressed intentions to foster innovation and reduce regulatory barriers within the cryptocurrency industry. The NCET, established in 2021 under the previous administration, was tasked with…
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The new data package is said to be aimed at helping financial institutions navigate the rapidly evolving landscape of digital asset regulations and tax compliance. The service, launched amid increasing institutional demand, enables firms to assess whether over 80,000 crypto-related instruments, including tokens and blockchain-based assets, fall under regulatory and tax requirements, the company explained. …
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