Posts written by Thom Thompson

Deribit

Deribit

Panama-based cryptocurrency derivatives platform Deribit reports that Ether options out-traded bitcoin options yesterday for the first time. Ether prices are up 1,500% for the year. 

eToro

eToro

Tweeting, “Much good boy! Such happy!” in the spirit of the Shiba Inu meme cryptocurrency, trading platform eToro announced the start of Dogecoin trading today. 

Skew

Skew

Cryptocurrency analytics platform Skew will be acquired by Coinbase later this quarter. Skew is to be integrated into Coinbase Prime.

CBDC

A U.S. central bank digital currency will not be created in competition with China, according to Fed Chairman Jerome Powell in press remarks yesterday.

Tether

Tether

Dollar-stablecoin Tether reached a capitalization of $50 billion on Monday despite a March 2021 fine from the NY A.G. and that its holdings have never been audited.  

Vitalik Buterin

Vitalik Buterin

Buterin, one of the co-founders of Ethereum, donated $600,000 to an industry-run campaign for vaccinations and medical relief for COVID-hit India. 

Tokenization

Tokenization

Tokenization of equities, like Binance’s Tesla and Coinbase stock tokens, reportedly has come under governmental scrutiny from Hong Kong to Germany to the United Kingdom. They are not offered in the United States. 

Cunningham Commodities to Tie Up With UK CFD Platform 

Cunningham Commodities to Tie Up With UK CFD Platform 

Cunningham Commodities, LLC, the registered futures commission merchant, and Cunningham Trading Systems, LLC have agreed to a combine with Plus500, according to a press release from Plus500, a British platform for trading contracts for difference (CFDs). 

Lightning network

Lightning network

The Lightning network, a layer 2 solution that speeds bitcoin transfers, can now be used for transactions involving OKEx, a major cryptocurrency trading platform.

Brian Armstrong

Brian Armstrong

Brian Armstrong sold 749,999 shares of Coinbase, which he founded and still leads, on the first day of trading in the company’s stock last week. He made $291.8 million selling 1.5% of his holdings.

ETF

ETF

A new VanEck ETF, the Digital Transformation ETF, launched yesterday to address investor interest in cryptocurrency infrastructure companies like Coinbase, which also launched on Nasdaq on Wednesday. 

Ripple

Ripple

Ripple won yesterday when a federal judge quashed SEC’s subpoena for years of executives’ financial records. The agency is suing Ripple for issuing unregistered securities.

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.

Thom Thompson

Thom Thompson

Editor

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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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