Coinbase Launches International Perps Exchange (theblock.co) 16
Crypto exchange Coinbase is officially entering the crypto perps market. From a report: The firm, which has made headlines in recent weeks for its brouhahas with U.S. regulators and its plans to set up shop overseas, said Tuesday that it would enable international users to trade so-called perpetual futures out of Bermuda through a new platform. Dubbed Coinbase International Exchange, the platform touts a robust trading experience delivered in partnership with a number of external market makers ready to provide liquidity, as well as a liquidation framework that "meets rigorous compliance standards," according to marketing materials shared with The Block.
Plenty of perps in crypto (Score:5, Informative)
Re:Plenty of perps in crypto (Score:5, Insightful)
Are you sure? Seems to be the whole "market"...
Faites vos jeux (Score:2)
The casino welcomes new money.
Re: (Score:2)
Headline tomorrow: Rien ne va plus.
Probably due to the SEC, not CFTC (Score:2)
One of the many problems with the SEC's approach is that it precludes the ability to let the CFTC confidently get involved. The CFTC is generally the more responsible and ethical of the two agencies. They have to be since futures are the life blood of commodities markets, and commodities markets going haywire would have devastating consequences for everything from the food supply to manufacturing.
Gary Gensler deserves to be in prison, not celebrated. Some of the things that are happening in the stock market
Re: (Score:1, Interesting)
Translation: Gary Gensler is smarter and richer than I am, and he is making money, so I want him jailed.
Nothing illegal about dark pools or short selling, and the SEC can't regulate market manipulation, because... Constitution.
Re: Probably due to the SEC, not CFTC (Score:2)
Any idiots in the market on options that aren't deep in the money right before closure just deserve what they get. That's a 1:1000 gamble. What a surprise it's not paying off...
Perps exchange? (Score:2)
What exactly can I exchange the perpetrators for?
Re: Perps exchange? (Score:2)
Sounds good. I'll take two perps. How do I get the carbon credit? Do I have to mulch them?
Re: (Score:2)
Mulch gets spread over the top of the ground and decays, releasing carbon. Burying them alive would be a much better way to sequester the carbon.
This way to the (Score:2)
Egress.
Scam in top of scam? (Score:1)
Sounds a lot like it. Well, there is a sucker born every minute.
What is a perpetual futures contract? (Score:2)
Via wikipedia since I was unclear and some of the google results leave out important aspects:
a perpetual futures contract, also known as a perpetual swap, is an agreement to non-optionally buy or sell an asset at an unspecified point in the future. Perpetual futures are cash-settled, and differ from regular futures in that they lack a pre-specified delivery date, and can thus be held indefinitely without the need to roll over contracts as they approach expiration. Payments are periodically exchanged between holders of the two sides of the contracts, long and short, with the direction and magnitude of the settlement based on the difference between the contract price and that of the underlying asset, as well as, if applicable, the difference in leverage between the two sides.
It's a little different from options contracts, which expire, and a little different from swaps where you pay a fee as long as you want to keep the swap open. They claim it doesn't expire but to me it sounds like it's perpetually rolling or being settled in the sense that payments are exchanged regularly in both directions. You could think of each settlement period as a discrete option contract if you wanted to, i
Hmmm (Score:2)