EXCHANGE

Tether doubles assets since year-end, reaching $45bn

The volume of tethers in issue has doubled since the end of 2020 to over $45bn, despite continuing uncertainty over the largest stablecoin’s asset backing. Tether is a cryptocurrency version […]

Largest crypto exchange moves into US equity trading

Binance, the world’s largest cryptocurrency exchange, is launching tokenised equity trading for its clients, starting with an offering of Tesla shares. The move will permit Binance’s clients to own US […]

Bitcoin arbitrage opportunities and risks

Why is the price of bitcoin for future settlement above the current (‘spot’) price? How are hedge funds trying to arbitrage differences in cryptocurrency funding rates? Why is the largest […]

Echoes of Libor in Coinbase’s bitcoin price-rigging

In an echo of the 2011 Libor scandal, Coinbase’s past manipulation of the bitcoin price impacted a key market benchmark. On Friday the Commodity Futures Trading Commission (CFTC), which regulates […]

Kraken clients see red

Yesterday I wrote a post on Twitter saying that clients of crypto exchange Kraken didn’t have much of a case for compensation after Monday’s flash crash in ethereum. During the […]