Crypto derivatives

BitMEX, a crypto derivatives exchange, will cease operations on September 23. The platform has halted new sign-ups and instructed users to close positions and withdraw funds before the shutdown.

BitMEX announced it will shut down operations on Sept. 23, 2026, after operating for 11 years in the crypto derivatives market. The decision was made by the exchange's owner, HDR Global Trading Limited.

US-regulated Bitcoin perpetual futures could provide retail and institutional traders with new methods to engage with crypto derivatives. These instruments may expand access to cryptocurrency markets under regulatory oversight.

Kraken has launched U.S. perpetual futures, marking a shift as crypto derivatives operations move onshore. The move reflects growing institutional interest in regulated crypto markets.

Crypto derivatives activity has declined to levels seen in late 2023, though a new opportunity in the US perpetual market is emerging. Binance holds a dominant share in the concentrated exchange volume landscape.

Crypto derivatives have merged with Wall Street, indicating a significant convergence of financial markets. Equity perps may soon demonstrate this trend. The development suggests a growing connection between traditional finance and cryptocurrency.

Kraken's parent company Payward has acquired Bitnomial to expand its presence in the US crypto derivatives market. The deal provides a fully licensed derivatives stack under CFTC oversight, covering trading, clearing, and brokerage operations.

The CFTC is using AI to review crypto derivative applications after losing 20% of its staff, raising concerns about biased algorithms and lack of oversight. The move coincides with major crypto events like Aave's $300M recovery and LayerZero's $23M pledge, as critics argue the agency is relying on unvetted AI due to budget and staffing cuts.