Variational, a crypto derivatives trading protocol built on the Ethereum Layer2 network Arbitrum, has raised $10.30 million in a seed round. Bain Capital Crypto and Peak XV Partners (formerly Sequoia India and South East Asia) led the round, with participation from Coinbase Ventures, Dragonfly Capital, North Island Ventures, Hack VC and other investors.
Crypto derivatives exchange Bitnomial has announced the completion of a $25 million funding round led by Ripple Labs and the launch of its perpetual futures trading platform Botanical, which is currently in closed beta testing. The platform will offer investors a way to trade perpetual futures, traditional futures and options. Bitnomial CEO Luke Hoersten said the platform aims to provide a regulated and innovative trading experience and settle perpetual futures using Ripple's RLUSD stablecoin.
Crypto derivatives platform Cega noted in its latest Market Insights report that there have been fewer market events this week, but investors are generally focused on the next Fed meeting and expected rate cuts. Cega expects the market to remain range-bound in the coming weeks. Despite the calm in the market, BTC volatility remains slightly above the one-year average.
Crypto derivatives agreement Volmex Finance on Tuesday unveiled a new Implied Volatility Index for SOL tokens. The index is a measure of the expected price volatility of SOL. Volmex said the SVIV index measures the expected volatility of the SOL over the next 14 days, adding that traders can track the index to see the extent of potential volatility in the SOL price over the next two weeks, regardless of which direction. Volmex said it will eventually launch a longer-term S...
Bitfinex Derivatives has announced an integration with crypto derivatives exchange Thalex. Customers can now use their existing accounts and validations to open accounts with Thalex faster and easier through KYC sharing. The integration also makes it easier to transfer assets between Bitfinex Derivatives and Thalex accounts, allowing access to the full suite of products for both. It is reported that Thalex offers options and futures, which are settled daily in USDT, thus complementing the Bitfin...
On July 17, crypto derivatives exchange Deribit will launch bitcoin and ethereum options expiring on November 8, allowing investors to bet on the impact of the November 5 US election on the crypto market, speculating and hedging. These trading products will go live on Thursday, July 18.