Artículos Relacionados con Crypto Derivatives

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U.S. Stocks Are Also Going 24/7: Coinbase Applies for 24/7 Stock Perpetual Contracts. Who Gets Repriced?

Coinbase has filed with the SEC to offer US-regulated equity perpetual contracts in the United States, a move that followed the CFTC's first-ever approval of crypto perpetuals in May 2026. This signals a push by crypto-native derivative structures into traditional finance's core asset classes. The 2026 market presents three competing models for assets like Apple stock: traditional T+1 settled shares in broker accounts, tokenized debt securities (like Robinhood's Stock Tokens) offering synthetic exposure on-chain, and crypto exchange-style perpetual contracts enabling 24/7 leveraged trading with USDC settlement. While Nasdaq plans to extend US equity trading to 23 hours a day, crypto derivatives offer continuous, 24/7 access. The key regulatory battle involves CME's lawsuit challenging the CFTC's classification of perpetuals as futures instead of swaps, which would impose much stricter rules. If approved, Coinbase's equity perpetuals could redefine its valuation from a crypto exchange to a cross-asset derivatives platform, applying crypto's efficient, always-on leverage model to the massive US stock market and challenging incumbent exchanges. The structural shift toward 24/7 trading is accelerating, with the next competition focusing on which platform can offer the highest leveraged efficiency at the lowest regulatory cost.

marsbit09/04 01:56

U.S. Stocks Are Also Going 24/7: Coinbase Applies for 24/7 Stock Perpetual Contracts. Who Gets Repriced?

marsbit09/04 01:56

Central Bank: Russians' interest in crypto derivatives doubled in the second quarter

According to the Bank of Russia (CBR), interest from qualified investors in cryptocurrency derivatives grew by 136%, reaching 3.7 million units in Q2 2026. However, investments by qualified investors into foreign cryptocurrency-related ETFs fell to 1.3 billion rubles from 1.6 billion rubles in the previous quarter. In May 2025, the CBR had permitted qualified investors to trade derivatives, securities, and digital assets linked to crypto prices without actual delivery of the currencies. Starting September of this year, both qualified and non-qualified retail investors will be allowed to trade cryptocurrency through intermediaries, though direct peer-to-peer transactions remain prohibited. Non-qualified investors will face an annual purchase and sale limit of 300,000 rubles.

cryptonews.ru08/25 14:09

Central Bank: Russians' interest in crypto derivatives doubled in the second quarter

cryptonews.ru08/25 14:09

CME Representative Duffy in Conflict with CFTC and Kalshi Over Prediction Markets

A conflict is intensifying over the regulation of prediction markets like Kalshi and Polymarket, which increasingly use cryptocurrency for settlements. At a CFTC advisory committee meeting, CME Group CEO Terrence Duffy criticized platforms for self-certifying event contracts, suggesting some could be manipulated and harm market integrity. CFTC Chairman Rostin Behnam countered that the specific controversial contracts Duffy cited were not listed on U.S. exchanges. The core dispute involves jurisdictional authority: the CFTC claims federal jurisdiction over these derivatives markets, while many states argue they constitute gambling under state law. The outcome is significant as Kalshi has expanded into offering crypto perpetual contracts. The tension escalated into a personal exchange between Duffy and a Kalshi executive. Concurrently, Congress is scrutinizing these markets following insider trading scandals, and CME has sued the CFTC over its approval of Kalshi's products, arguing they should be regulated as swaps, not futures. This legal battle could reshape oversight for both prediction markets and newer regulated crypto derivatives.

cryptonews.ru08/21 05:15

CME Representative Duffy in Conflict with CFTC and Kalshi Over Prediction Markets

cryptonews.ru08/21 05:15

The Number of Tokenized Stock Holders Approaches 1 Million After a 92% Increase in 30 Days

The number of tokenized stock holders is nearing 1 million, having grown 92% in 30 days and 522% since the start of 2026, according to RWA.xyz data. This surge reflects the market's move from a blockchain experiment towards broader adoption. Key drivers include 24/7 trading access. Jupiter reported a 360% year-to-date increase in after-hours and weekend trading volume for tokenized stocks, with over 65% of its activity occurring outside regular U.S. market hours. Semiconductors and memory chip stocks are particularly popular for allowing real-time reactions to news. However, analysts caution that the growth in wallet addresses does not equate to market maturity or liquidity. CEXScan notes that meaningful balances and secondary liquidity are crucial. Liquidity remains concentrated in limited markets, and token structures vary widely, from regulated securities to economic exposure via debt instruments. While reaching 1 million holders is a significant milestone, the true test for the tokenized stock market will be whether trading depth, redemption volume, and legal protections can grow at a comparable pace to achieve a fully-fledged, liquid market. This expansion occurs despite broader crypto market headwinds, such as Bitcoin futures underperforming U.S. Treasuries.

cryptonews.ru08/04 09:52

The Number of Tokenized Stock Holders Approaches 1 Million After a 92% Increase in 30 Days

cryptonews.ru08/04 09:52

Perpetual Futures 'Landing in the US' Hits Roadblock: Why is CME Suing the CFTC in Court?

Perpetual crypto futures, which dominate global crypto derivatives trading, are entering the U.S. market. The CFTC approved KalshiEX to launch a true Bitcoin perpetual contract (BTCPERP) and issued rules allowing licensed exchanges to convert expiring crypto futures into perpetual ones. This move was challenged when CME Group sued the CFTC, arguing that perpetuals should be regulated as "swaps" under stricter rules, not as futures. The lawsuit's outcome will significantly impact the legal foundation of the nascent U.S. perpetuals market. Currently, two legal structures exist in the U.S.: true perpetuals (like Kalshi's) and long-dated futures (like Coinbase's) that mimic perpetuals via frequent funding rate settlements. These funding rates, paid between longs and shorts, keep contract prices anchored to spot. The proliferation of U.S. perpetuals creates fragmented liquidity across platforms (Kalshi, Coinbase, CME), with different rules on leverage, margining, and clearing. This fragmentation reduces capital efficiency, as collateral cannot be shared across products. Key competitive battlegrounds will be cross-product margin efficiency and the response of these new markets to extreme volatility. A pending Coinbase proposal to allow USDC stablecoin as futures margin could improve capital efficiency. Ultimately, the market's evolution hinges on two factors: how U.S. perpetuals behave during sharp Bitcoin price moves, and the court's ruling on whether they are futures or swaps.

Foresight News07/27 13:30

Perpetual Futures 'Landing in the US' Hits Roadblock: Why is CME Suing the CFTC in Court?

Foresight News07/27 13:30

Kraken Pro Options Upgrade Brings More Structure To Retail Crypto Hedging

Kraken Pro is expanding its crypto options trading infrastructure, offering retail traders an alternative to spot buying and high-risk perpetual futures. Options allow for more defined risk management, hedging, and volatility strategies, potentially moving the market away from the extreme leverage cycles that fuel violent price swings. The success of this upgrade depends on key factors like contract design, liquidity, and user education to ensure options are accessible without being misleading. This move aligns with a broader trend towards more mature and structured crypto derivatives, providing traders with tools for better risk control as the market evolves. However, options remain complex instruments that require understanding to avoid significant losses.

bitcoinist07/18 01:01

Kraken Pro Options Upgrade Brings More Structure To Retail Crypto Hedging

bitcoinist07/18 01:01

US Government Suddenly Halts Anthropic's Strongest Model, "Quasi-IPO Stock Price" Plunges 3.7% Overnight

U.S. Government Halts Anthropic's Top AI Models, 'Pre-IPO' Price Drops 3.7% On June 12, the U.S. government ordered Anthropic to shut down access to its two most powerful AI models, Claude Fable 5 and Claude Mythos 5, citing national security concerns. The directive, issued by the Department of Commerce, required Anthropic to block access for all foreign nationals, leading the company to disable the models globally for all users. Anthropic strongly opposed the move, arguing the government's basis was a "narrow jailbreak vulnerability" and warning that applying such a standard industry-wide would effectively halt all frontier model deployments. The news impacted Anthropic's implied valuation in speculative markets. The Anthropic perpetual contract on Hyperliquid fell approximately 3.7% to around $1,627, down from highs above $1,800 following the models' release. Unauthorized tokenized products linked to Anthropic on Solana also saw significant declines. The models, launched just days earlier on June 9, represented a major capability leap for Anthropic. Fable 5 was its first public release of a "Mythos"-tier model above its flagship Claude Opus. The shutdown creates an ironic situation for Anthropic, a company founded on "AI safety" principles, and adds uncertainty to its ongoing IPO preparations. The company is actively engaging with regulators to resolve what it calls a "misunderstanding" and restore service.

marsbit06/15 02:31

US Government Suddenly Halts Anthropic's Strongest Model, "Quasi-IPO Stock Price" Plunges 3.7% Overnight

marsbit06/15 02:31

Kalshi and Coinbase Receive CFTC Approval, Ushering in the Most Regulation-Friendly Era for the Crypto Industry?

The U.S. Commodity Futures Trading Commission (CFTC) took two landmark actions on May 29. It approved Kalshi's application to list a Bitcoin perpetual futures contract and issued a no-action letter to Coinbase Financial Markets. This allows Coinbase to offer certain perpetual futures products to U.S. customers through a subsidiary, with digital assets permitted as collateral. These moves, coupled with a new CFTC policy statement, provide a clearer regulatory pathway for perpetual contracts in the U.S., moving them from a regulatory gray area. CFTC Chair Mike Selig stated this is a key step for U.S. crypto leadership but noted the policy is not yet permanent. The article explains that CFTC's previous reluctance stemmed from legal ambiguities, as perpetual contracts lack an expiration date. However, such contracts dominate global crypto derivatives, accounting for ~78% of centralized exchange volume in 2025, forcing U.S. regulators to adapt to competition from offshore platforms like Hyperliquid. The approvals offer two compliance paths: Kalshi's direct listing and Coinbase's model using foreign futures. This is expected to attract institutional capital back to regulated U.S. venues, stimulate the launch of more products like ETH perpetuals, and enhance U.S. competitiveness in the global crypto derivatives market. The author suggests this may signal a "regulatorily friendly" era for crypto.

marsbit05/30 07:31

Kalshi and Coinbase Receive CFTC Approval, Ushering in the Most Regulation-Friendly Era for the Crypto Industry?

marsbit05/30 07:31

Europe doubles down on ‘same risk, same rules’ approach for crypto derivatives

Europe's securities watchdog ESMA has reaffirmed that crypto derivatives, particularly perpetual contracts, will be regulated under the same "same risk, same rules" framework as traditional high-risk financial products like CFDs. Regulatory treatment depends on a product's economic substance, not its name or marketing. This means leveraged crypto derivatives are subject to existing EU rules, including leverage caps, risk warnings, and investor protection measures under MiFID II. The statement serves as a regulatory reminder, not a new ban, emphasizing that crypto markets must integrate into the existing financial system under established safeguards. Firms must ensure compliance and avoid mass-market promotion of these high-risk products to retail investors.

ambcrypto02/24 22:35

Europe doubles down on ‘same risk, same rules’ approach for crypto derivatives

ambcrypto02/24 22:35

CME Group Announces Round-The-Clock Crypto Derivatives Trading Beginning May 29

CME Group, the world's largest derivatives marketplace, will introduce nearly 24/7 trading for its cryptocurrency futures and options starting May 29, pending regulatory approval. The new schedule on the CME Globex platform will include a brief weekend maintenance break. This move responds to record-high client demand for crypto risk management tools, with the exchange reporting $3 trillion in notional trading volume in 2025 alone. Year-to-date average daily volume surged 46% to 407,200 contracts. The extended hours will allow traders to manage exposure continuously amid market volatility, aligning regulated derivatives more closely with the crypto market's always-on nature.

bitcoinist02/20 16:02

CME Group Announces Round-The-Clock Crypto Derivatives Trading Beginning May 29

bitcoinist02/20 16:02

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