Posts written by Thom Thompson

Robinhood

Robinhood

Online broker Robinhood said Thursday that it had 9.5 million customers trading cryptocurrency in the first quarter of this year. This is 3.4 million more than its competitor Coinbase.

Riot Blockchain

Riot Blockchain

In a $651 million deal, publicly traded Riot Blockchain will acquire Whinstone US. Riot will take over Whinstone’s bitcoin mining facility in Rockdale, Texas, perhaps the largest in the U.S. 

Paxos

Paxos

Paxos Digital Trust announced today that Instinet and Credit Suisse had settled post-11 a.m. equity transactions via its T+0 (same day) settlement system. Paxos said it plans to apply to the SEC this year to offer the service publicly. 

Bnance

Bnance

Cryptocurrency derivatives market Binance Futures, which is not available to U.S. customers, has reached $10 billion in open interest. Volume growth on the platform is being driven by retail interest. 

Kraken

Kraken

U.S.-based cryptocurrency trading platform Kraken is being targeted by the IRS in a “John Doe” petition seeking the identities of account holders with more than $20K in their Kraken accounts. 

Let’s Go Get High On Hemp! 

Let’s Go Get High On Hemp! 

Will transforming hemp-based CBD into mildly psychoaffective Delta-8 THC save industrial hemp production? It’s complicated. 

The common wisdom is that a person does not get high smoking industrial hemp leaves, stems or flowers. We have been following news reports, including those from PanXchange’s monthly benchmark reports, about the growing interest in smokable hemp flower.

USDC

USDC

Starting later this year, the U.S. Dollar Coin (USDC) stablecoin will begin being used by credit card issuer VISA to settle some payments with partners. Almost $11 billion USDC are in circulation. 

Deutsche Boerse

Deutsche Boerse

Deutsche Boerse, the German exchange operator, working with the Bundesbank and the government debt agency, has cracked the code on integrating blockchain payments with securities transfers. 

Eurex Derivatives Forum Takes a Look At German Blockchain Innovation

Eurex Derivatives Forum Takes a Look At German Blockchain Innovation

Day One of the Eurex Derivatives Forum, held this week on Tuesday and Wednesday, offered a discussion of German developments in blockchain innovation. Germany has implemented not only detailed legislation on custody of cryptocurrencies and digital assets but has also recently adopted a law allowing electronic issuance of securities, including on blockchain.

Mining

Mining

Cryptocurrency mining, which is not only how new bitcoin and Ether come onto the market but also how their transactions are validated, is receiving attention as an electricity glutton. 

CFTC

CFTC

On Friday the CFTC announced that it had settled charges against Coinbase for, among other things, allowing an employee to wash trades. In a perhaps unrelated development, the company is reportedly pushing back its listing on Nasdaq until next month. 

Bitmain

Bitmain

With bitcoin priced well above $50K, the market dominating supplier of ASIC (application-specific integrated circuit) miners Bitmain has received an order for 24,000 of its newest model Antminers from The9, an internet gaming company. 

FIA Boca-V: Acting Chairman Behnam Looks For Expedience and Patience in CFTC’s Climate Change Response

FIA Boca-V: Acting Chairman Behnam Looks For Expedience and Patience in CFTC’s Climate Change Response

In a one-on-one discussion with FIA President Walt Lukken on Thursday, Acting CFTC Rostin Behnam talked about the commission’s new Climate Risk Unit, saying the unit will let the commission pivot its attention away from the broader concerns about the effects of climate change on financial markets raised in last year’s report from the CFTC’s Market Risk Advisory Committee to a focus on derivatives’ role in smoothing the transition to zero carbon emissions by 2050. 

Thom Thompson

Thom Thompson

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Thom Thompson is a derivatives specialist who has worked in product design, business development and regulatory roles for the CFTC, the Chicago Board of TradeThe Clearing CorporationSwiss ExchangeEurex and Eurex Clearing.

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