Latest news with #futuresTrading
Yahoo
3 days ago
- Business
- Yahoo
Kalshi, Polymarket Crack $1B Valuations, Ride Political Wave
A day after futures trading platform Polymarket closed in on a funding round that would value it at more than $1 billion, rival prediction market company Kalshi on Wednesday said it had completed a round valuing it at $2 billion. The firms surged in popularity last fall by offering election-related contracts, when many Republicans embraced prediction markets for providing alternative data points to traditional political polls. More from Tribes Dispute Kalshi Claims of 'Productive' Talks on Futures Don't Be So Quick to Blame the House Case for College Sports Cuts Senate Budget Suggests Sports Has Chance to Evade New Taxes While Kalshi and Polymarket have turned to sports betting markets to generate the bulk of their trading volume this year, their outlook continues to be brightened by political allies. U.S. conservatives largely favor reduced regulation of futures trading and cryptocurrency. With Republicans controlling the House, Senate and presidency, it is unlikely the financial technology upstarts will face imminent pushback at the federal level. Kalshi counts Donald Trump Jr., son of President Donald Trump, as an advisor. It also has ties to Brian Quintenz, the nominee to lead the Commodity Futures Trading Commission (CFTC), the federal regulatory agency that currently oversees prediction markets. Kalshi has argued in several ongoing court cases that the CFTC should have exclusive oversight of its platform, not the state gaming regulators who say the company offers what amounts to sports betting masked as a financial asset class. Tribal groups have also strongly opposed the rise of sports prediction markets, while traditional sportsbook operators like DraftKings and FanDuel are keeping a close eye on developments. Under President Joe Biden, the CFTC fought Kalshi in court over the right to offer election contracts and opposed the sports offerings introduced weeks ahead of Trump's inauguration. Amid a series of resignations and retirements, none of the commissioners at the CFTC before Jan. 20 are expected to still be there when Quintenz is confirmed. Quintenz has said he will let Trump decide whether to fill the four open commissioner roles. 'I don't tell the president what to do,' Quintenz said to U.S. Sen. Raphael Warnock (D-Ga.) in a committee hearing earlier this month. Polymarket, despite being headquartered in New York City, does not yet offer its markets in the U.S. But it has tried to build relationships with Americans, recently striking a partnership with social media giant X that makes it the 'official prediction market partner' of Elon Musk's company. That deal includes data integrations with Grok, X's AI service. Polymarket's still-to-be-closed funding round of $200 million at a valuation above $1 billion, first reported by The Information, is being led by Founders Fund—an organization operated by conservative venture capitalist Peter Thiel. Kalshi's $185 million round at a valuation of $2 billion is being led by Paradigm. Multicoin Capital, Sequoia, Neo, and Peng Zhao, the CEO of Citadel Securities, participated in the round, according to a statement announcing the deal. 'This round brings in some of the leading investors in blockchain and crypto to accelerate the adoption of emergent asset classes,' Kalshi said in its announcement. 'The investment marks just the third time that Paradigm has invested in a company outside of the crypto industry, with the other two being finance giant Citadel and payments giant Stripe.' Polymarket declined to comment. Best of Most Expensive Sports Memorabilia and Collectibles in History The 100 Most Valuable Sports Teams in the World NFL Private Equity Ownership Rules: PE Can Now Own Stakes in Teams Sign in to access your portfolio
Finextra
19-06-2025
- Business
- Finextra
Coinbase is working with Nodal Clear on using USDC as collateral for futures trading
Coinbase Derivatives and Nodal Clear are partnering to integrate USDC as collateral for US futures trading, working with the CFTC to bring this to market. 0 This is expected to be the first regulated use case of USDC as collateral and will leverage Coinbase Custody Trust as the custodian. As part of a multi-year renewal agreement, Coinbase Derivatives, LLC, a CFTC-regulated designated contract market, and Nodal Clear are partnering to integrate USDC as eligible collateral for futures targeting next year. This will mark a meaningful milestone in our push to establish USDC as a true cash equivalent, while also offering increased efficiency through near-instant money movement and secure custody. This also underscores USDC's reliability, operational advantages, and growing acceptance in traditional financial markets. Nodal Clear is a CFTC-regulated derivatives clearing organization, which is part of EEX Group, a Deutsche Börse company. As one of the most trusted stablecoins with transparent reserves and strong regulatory oversight, USDC aligns seamlessly with Nodal Clear's rigorous risk management framework, making it a natural fit for inclusion as eligible collateral. This is a significant advancement in the growth of our continued partnership with Nodal Clear. 'Our commitment to integrate USDC as collateral reflects our dedication to enhance trading capabilities for US market participants, improve operational efficiency through almost instant money movement, and ensure secure custody via Coinbase Custody Trust, a Qualified Custodian regulated by the New York Department of Financial Services.' - Boris Ilyevsky, CEO, Coinbase Derivatives, LLC 'Working with Coinbase Derivatives, we are excited to continue our relationship and provide innovation to the industry, such as our introduction of the first 24x7 margined futures in May 2025. The plans to integrate USDC as collateral represent our continued commitment to seek to be responsive to market needs and innovate. We look forward to engaging with our clearing members and the CFTC in seeking to make this a reality' - Paul Cusenza, Chairman and CEO, Nodal Clear As markets continue to evolve, stablecoins address a growing need for a more flexible and modern financial ecosystem. US regulators and legislators are making meaningful strides to support this new wave of innovation, evidenced by Congress's momentum toward passing landmark legislation that would affirm the cash equivalence of USDC and the CFTC's ongoing efforts to advance the recognition of stablecoins. The CFTC's Global Markets Advisory Committee, sponsored by current Acting Chairman Caroline D. Pham, on November 21st, 2024 advanced a recommendation to expand the use of non-cash collateral through the use of distributed ledger technology. The heightened focus and continued progress of regulators is paving the way for widespread adoption of USDC. Coinbase is proud to drive the next chapter forward with USDC at the core of revolutionizing the global financial system. Why USDC? USDC is a fully-reserved US dollar-backed stablecoin co-founded by Circle and Coinbase. As a regulated and widely adopted digital dollar, USDC enables near instant transactions and has become foundational infrastructure across both centralized and decentralized financial platforms. Its reliability and compliance-first framework make it uniquely suited for integration into traditional financial markets.
Associated Press
19-06-2025
- Business
- Associated Press
BexBack Crypto Exchange Launches No KYC, 100x Leverage, and Double Deposit Bonus for Crypto Futures Trading
SINGAPORE, June 19, 2025 (GLOBE NEWSWIRE) -- With the price of Bitcoin (BTC) holding above $100,000 for a long time, many analysts are predicting that the cryptocurrency market will remain in a state of high volatility for a long time. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages. The platform now features a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage on cryptocurrency trading, providing exceptional opportunities for investors. Advantages of 100x Leverage Crypto Futures What Is 100x Leverage and How Does It Work? Simply put, 100x leverage allows you to open larger trading positions with less capital. For example: Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC. One day later, if the price rises to $105,000, your profit will be (105,000 - 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%. With BexBack's deposit bonus BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%. Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks. How Does the 100% Deposit Bonus Work? The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation. About BexBack? BexBack is a leading cryptocurrency derivatives platform offering up to 100x leverage on futures contracts for BTC, ETH, ADA, SOL, XRP, and over 50 other digital assets. Headquartered in Singapore, the platform also operates offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. Like many top-tier exchanges, BexBack holds a U.S. MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, with zero deposit fees and 24/7 multilingual customer support, delivering a secure, efficient, and user-friendly trading experience. Why recommend BexBack? No KYC Required: Start trading immediately without complex identity verification. 100% Deposit Bonus: Double your funds, double your profits. High-Leverage Trading: Offers up to 100x leverage, maximizing investors' capital efficiency. Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading. Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications. Convenient Operation: No slippage, no spread, and fast, precise trade execution. Global User Support: Enjoy 24/7 customer service, no matter where you are. Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters. Take Action Now—Don't Miss Another Opportunity! If you missed the previous crypto bull run, this could be your chance. With BexBack's 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run. Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly Website: Contact: [email protected] Contact: Amanda [email protected] Disclaimer: This content is provided by statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. 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Globe and Mail
11-06-2025
- Business
- Globe and Mail
The Trend Is the Aussie Dollar Bulls' Friend
September Australian dollar futures (A6U25) present a buying opportunity on more price strength. See on the daily bar chart for the September Australian dollar futures that prices are trending higher and last week hit an eight-month high. The bulls have the firm overall near-term technical advantage as 'the trend is their friend.' Price trend is the most powerful technical indicator. Fundamentally, Australia's economy is heavily reliant on the export of raw commodities, which have seen more global demand recently. Australia and the U.S. are also on relatively good trading terms, while the U.S. and China remain at loggerheads over trade. That's Australian dollar bullish and U.S. dollar bearish. A move in the September Aussie dollar futures prices above chart resistance at last week's high of .6550 would become a buying opportunity. The upside price objective would be .6750, or above. Technical support, for which to place a protective sell stop just below, is located at .6450. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.
Associated Press
11-06-2025
- Business
- Associated Press
DayTraders.com Launches ProjectX, an Advanced Futures Trading Platform Powered by TradingView
LAS VEGAS, June 11, 2025 /PRNewswire/ -- a Las Vegas-based leader in online trading technology, announced the official launch of ProjectX, an advanced futures trading platform developed in collaboration with ProjectX and powered by industry-leading technology from TradingView. This innovative trading software is purpose-built for modern futures traders, delivering faster execution, advanced trading tools, and robust risk management features designed to transform the futures trading experience. With ProjectX, reinforces its commitment to empowering traders by providing access to real-time analytics, innovative charting tools, and seamless mobile connectivity. The new platform integrates sophisticated technology to help traders make better, faster decisions in an increasingly dynamic marketplace. 'ProjectX is the result of listening to what futures traders truly need,' said Leo Riot, Chief Technology Officer at This platform is built with the singular goal of helping traders succeed by combining powerful analytics, enhanced speed, and unparalleled reliability, all backed by the trusted technology of TradingView. ProjectX's intuitive interface and comprehensive suite of features make it an essential tool for traders seeking a competitive edge. Key highlights include advanced order types, customizable risk controls, and instant trade execution, giving users the confidence and flexibility to navigate global futures markets. has established itself as a leader in the futures trading industry, known for its dedication to trader education, transparency, and technical innovation. With the introduction of ProjectX, the company continues to push the boundaries of what is possible in online trading. To experience the next generation of futures trading, visit and learn more about ProjectX today. About is a Las Vegas-based provider of advanced futures trading technology and educational resources. The company is dedicated to empowering traders with innovative tools, real-time analytics, and unparalleled industry expertise. View original content to download multimedia: SOURCE
