Ethereum, Dogecoin Signal First Bullish Trend Reversal in 2 Years

1m
cointelegraph

Tom Lee - “I am Very Positive on Bakkt”

1m
cryptodaily

‘Bitcoin Now a Regulated Market of Significant Size’

2m
cryptonewmedia

Bitcoin Evangelist Calls to Boycott Edward Snowden’s Book

8m
newsbtc

Ethereum Price Analysis: ETH Flexing Muscles But Can It Rise to $240 Over the Weekend?

12m
coingape

Craig Wright and Kleiman Estate hoping to resolve the biggest Bitcoin battle

13m
bitcoinwarrior

CME Group To Offer “Options” On Bitcoin Futures in Early 2020

13m
coingape

Roku Stock Spirals Further Despite New 4K HDR Device Upgrades –…

34m
cryptonewmedia

Bitcoin ATM Installations Up 500% Since 2016

35m
cryptonewmedia

DeversiFi (previously Ethfinex) restructures exchange governance token

36m
cryptonewmedia

XRP Securities Lawsuit Dismissed By Ripple

38m
cryptodaily

XRP Securities Lawsuit Dismissed By Ripple

38m
cryptonewmedia

CME Group Aiming to Launch Options on Its Bitcoin Futures Contracts In Q1 2020

38m
cryptoglobe

Coinbase Lists Dash, Considers Adding Even More Digital Assets

38m
beincrypto

TRON CEO Invites USDT Users to Migrate to Tron from Ethereum; Gets Trolled Heavily

43m
coingape

CME Group Is Launching Bitcoin Options Early in 2020

1h
coindesk

Bitwise Tells SEC: ‘Bitcoin Now a Regulated Market of Significant Size’

1h
cointelegraph

Central Banker: CBDC Flexible Tool for Zero-Interest Rate World

1h
bitcoinnews

Bitcoin prepares for high volatility in the vicinity of Bakkt’s futures contracts launch

1h
cryptoslate

Verizon Just Won a Patent to Create Virtual SIMs on a Blockchain

1h
coindesk

Bitcoin (BTC) Outlook Remains Bleak While Altcoins Continue To Rally

1h
cryptodaily

Bitcoin Giant Grayscale Caught Spreading Rumors about Fiat

1h
newsbtc

Could BTC/USD Dive Under $10,000 Be A Necessary Evil? |

1h
cryptonewmedia

Bitcoin Price Back Above $10k, Targets New ATH Amid Bakkt Monday…

1h
cryptonewmedia

IMF Contemplates the Risks and Rewards of Stablecoins

1h
cryptonewmedia


Seed CX Subsidiary Adds Crypto Derivatives Settlement for Institutions

coindesk

9d ago

Crypto derivatives platform Seed CX is launching support settlement services for bilateral crypto derivative transactions.

Specifically, Seed CX subsidiary Zero Hash – the company’s custodian and settlement service provider – will now support derivatives transactions, the firm announced Wednesday, opening the door for institutions to settle derivatives on its platform.

According to a press release, Zero Hash will support back-office settlement functions for bitcoin forwards contracts initially, but will add support for options at a future date.

This support for forwards will include “the calculation of variation margin, initial margin and final settlement values, the sending of margin-call notifications and the movement of funds, significantly reducing operational and counterparty risk,” according to Zero Hash.

Additionally, the service will allow institutions to customize the settlement of forwards contracts – for example, deciding the frequency of calculations – to provide “greater flexibility” for investors.

Zero Hash president Brian Liston noted that derivatives are increasingly in demand in the U.S., adding:

“We’re excited to service that demand with the launch of this new functionality. Zero Hash can now enable any trading platform or set of participants to trade and settle forwards in an efficient and secure manner.”

Seed CX has been building toward its physically-settled bitcoin forwards product for some time, announcing its intention last year. The exchange launched a spot bitcoin trading market in January 2019, and began testing its margin swaps product last month.

Two of Seed CX’s subsidiaries, Zero Hash and Seed Digital Commodities Market, have been granted New York’s coveted BitLicense as well.

The company faces stiff competition, however: Tassat (formerly trueDigital) also intends to offer bitcoin forwards, while LedgerX, ErisX (backed by TD Ameritrade) and Bakkt (a new subsidiary of the Intercontinental exchange) are all looking to launch physically-settled bitcoin futures contracts.

Of these, only Bakkt has a firm launch date set, for later this month.

Like Seed CX, Bakkt intends to offer margin on its bitcoin derivatives products, announcing Tuesday that customers would have to make an initial deposit of $3,900 (for hedging) or $4,290 (for speculating) to open a position.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments