Coinbase Expands Derivatives Offerings for Non-US Retail Traders
Coinbase now offers crypto derivatives trading to eligible customers outside of the United States, for BTC, LTC, XRP and ETH.
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Coinbase now offers crypto derivatives trading to eligible customers outside of the United States, for BTC, LTC, XRP and ETH.
Novogratz thinks the Fidelity Investments victory against the SEC puts the Commission in a corner where a Bitcoin ETF approval is inevitable.
Bitcoin is enjoying price spikes and increased trading volumes as Fidelity and others amend proposals while the market awaits an approval.
It says that if the firms that have applied to list spot Bitcoin ETFs would only commit 1% of their Assets Under Management (AUM), then approximately $155 billion would flow into the Bitcoin market.
Larry Fink’s comment reveals BlackRock’s strong interest in crypto following the company’s application for a spot Bitcoin ETF.
Coinbase noted that the recent action is part of its efforts to enhance overall market health and consolidate liquidity.
While experts forecast the US SEC will approve a spot Bitcoin ETF within the next six months, the BlackRock’s officials confirmed that it has not received a green light on its application.
It is important to note that when a government agency seizes a crypto asset, it does not immediately own the assets. Ownership transfers only after a court ruling in favor of forfeiture.
The progress on the Grayscale conversion front offers a welcome degree of clarity to the ETF approval process, which had been somewhat murky.
The developments between US SEC and Grayscale over the past weekend led to whales accumulating Bitcoin in huge numbers.
The BitVM project was designed by Robin Linus with lots of borrowing from Ethereum’s layer two (L2) optimistic rollups that have enabled faster execution of the transactions off-chain.
Amid the macro developments and geopolitical tensions, Bitcoin has continued to outperform the rest of the crypto market.
At the time of Cramer’s warning, BTC was trading at around $27,340, having experienced a modest 0.8% gain in the previous 24 hours.
Despite the selling pressure, Bitcoin has outperformed the broader crypto market with its market share crossing over 50%.
According to Zhao, the effects of a halving usually take time to materialize.