Nasdaq files Nasdaq Bitcoin Index Options (XBTX) application with SEC
The U.S.-based stock exchange has submitted an application to launch a Bitcoin fund-based options offering, following in the footsteps of BlackRock.

The U.S.-based stock exchange has submitted an application to launch a Bitcoin fund-based options offering, following in the footsteps of BlackRock.
Deribit, the world’s largest cryptocurrency options exchange, is set to establish its global headquarters in Dubai following the granting of a conditional virtual asset service provider license by the Virtual Asset Regulatory Authority (VARA). This move signifies a strategic shift in the company's operations, with plans to cater primarily to institutional investors. Additionally, Deribit has announced leadership changes and intends to pursue further expansion in the European market by seeking an EU brokerage license. Despite these developments, the operational status of the Dubai exchange is contingent upon meeting VARA's requirements, which could potentially lead to delays.
BTC, Crypto Markets, How Options Are Fueling Bitcoin Rise? Golden Finance, the market whisper has become a roar
Deribit introduces linear options for SOL, XRP, and MATIC, simplifying cryptocurrency derivatives trading. Expansion meets growing market demand, reflecting Deribit's remarkable growth and engagement.
Despite a recent decrease in crypto derivative trading volumes, which fell from around $2 trillion at the beginning of the year to approximately $1.5 trillion in September, Deribit remains optimistic about its expansion plans.
The crypto options exchange is also looking to obtain broker licenses in UK, Brazil, and Singapore.
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The creditors of Three Arrows Capital may be left holding the bag, according to a source who claims the hedge fund's exposure to Deribit is only worth $25 million.
Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk.