Bitcoin News Today TheBitTimes.com

Moscow Exchange Bitcoin futures have surged to nearly 7 billion rubles in total trading volume since launch, and this marks a significant milestone for crypto futures in Russia right now. The exchange’s Bitcoin index trading platform currently serves over 10,000 qualified investors, with Russian crypto regulation enabling structured cryptocurrency exposure through the Moscow exchange crypto derivatives market at the time of writing. Bank of Russia crypto regulation announcement – Source: CBR.ru Also Read: Russia Approves Crypto Derivatives for Wealthy Investors Moscow Exchange Crypto Futures Surge Amid Index Launch, New Rules Source: Bloomberg The Moscow Exchange Bitcoin futures contracts, which were launched on June 4, also generated 420 million rubles on their first trading day alone. Managing Director Vladimir Krekoten had this to say: “Since then, the trading volume has amounted to a total of almost 7 billion rubles. Over 10,000 qualified investors have made transa...

Crypto exchange Coinbase has received the green light from the National Futures Association (NFA) to offer crypto futures to eligible customers in the US.  The company’s subsidiary, Coinbase Financial Markets Inc., will operate as a futures commission merchant (FCM) and offer access to crypto futures from its platforms.  The approval , described as a “critical milestone” by Greg Tusar, Coinbase’s vice president of institutional product, allows the exchange to directly offer traditional spot crypto trading alongside regulated and leveraged crypto futures for verified customers. Tusar also emphasized that the global crypto derivatives market accounts for roughly 75% of crypto trading volume worldwide, making it a vital access point for traders. You might also like: Coinbase launches Stand With Crypto alliance Coinbase’s move into the futures market began with the acquisition of FairX, now known as the Coinbase Derivatives Exchange, last...

Following the Blackrock application, a Bitcoin spot ETF was never so close to being approved and it could be a game changer for the crypto industry, explains ETF analyst Eric Balchunas. $30 trillion worth of capital could suddenly unlock for the Bitcoin market if a Bitcoin spot ETF is approved by the U.S. Securities and Exchange Commission, according to Bloomberg ETF analyst Eric Balchunas.  That is the estimated amount of assets controlled by financial advisors in the U.S., who would be willing to get exposure to Bitcoin through a regulated exchange-traded fund.   "ETF is the format in which the boomers and the financial advisors prefer their investments delivered in”, Balchunas explained in an exclusive Cointelegraph interview.  Blackrock's application for a Bitcoin spot ETF last month sparked a new wave of optimism around the crypto market which led other major firms such as ARK Investment, Valkyrie, and Fidelity to file their own applications for a Bitcoin ETF.  The ...