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KuCoin, a global cryptocurrency trading platform, is to offer EUR trading against BTC, ETH and USDT as part of its expansion on the European market.
New trading pairs will become available on the KuCoin spot market starting 28 June, enabling crypto users to make instant conversions between Euros and cryptocurrencies.
By supporting these EUR-fiat trading pairs, KuCoin strengthens its presence across the European crypto market. The addition of EUR-fiat trading pairs will also provide a better fiat-to-crypto trading experience with high liquidity and security for global crypto users.
On 23 March, KuCoin launched SEPA Payments to provide the most straightforward
Emerging Markets hedge funds extended Q1 declines through May, with losses driven by exposure to Russian assets as well as the impact of global inflation, rising US interest rates and slowing economic growth.
The HFRI EM: Russia/Eastern Europe Index plunged -50.6% YTD through April before surging +14.7% in May to pare YTD losses to -43.3%. Russian assets had plunged in value as the stock exchange closed and the Rouble posted steep losses before regaining some of the losses as the Russian Stock Exchange partially reopened. In addition to these geopolitical risks, global inflationary pressures increased to generational highs and the
Troubled crypto hedge fund Three Arrows Capital (3AC) has defaulted on a loan worth more than $670 million, according to a report by CNBC.
The report cites a notice issued on Monday morning by digital asset brokerage Voyager Digital as confirming that the fund has failed to repay a loan of $350 million in the US dollar-pegged stablecoin, USDC, and also 15,250 bitcoin, which is worth about $323 million currently.
Voyager has indicated that it intends to pursue recovery of the debt but that currently 3AC is still operational.
Voyager last week secured a commitment of £500 million in funding
Digital asset investment products saw outflows totalling $423 million last week, the highest since records began by a considerable margin, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
The outflows occurred on 17 June but were reflected in last week’s figures due to trade reporting lags, and likely responsible for bitcoin’s decline to $17,760 that weekend.
The outflows were solely attributable to bitcoin, at $453 million.
Short-bitcoin products meanwhile, saw inflows totalling $15m due to the launch of the first US-based short investment product last week.
ARK36, a CySec-regulated cryptocurrency hedge fund, has has established a fintech advisory board comprised of global fintech leaders, investment veterans and senior government advisors. The funds has also appointed its first fintech advisory board consultants Frank Thorwald, Dr Mark Moore, Wayne Christian and Lord James Cecil.
The fintech advisory board will assist the ARK36 team in developing trading algorithms, conducting qualitative and quantitative analysis on specific tokens and provide advice on working with Sovereign and Institutional Funds and projects as well as expanding the fintech advisory board team through their vast networks of contacts.
Frank Thorwald is a Managing Member
NinjaTrader Group, a global specialist in clearing, brokerage and technology solutions for active traders through its subsidiaries NinjaTrader and Tradovate, is among the first to offer the new Nano Bitcoin futures (BIT) contract just launched by Coinbase Derivatives Exchange.
The cryptocurrency futures contract can be traded via NinjaTrader or Tradovate without any commissions or market data fees.
Each Nano Bitcoin futures contract is sized at 1/100 the price of a bitcoin, representing the smallest size cryptocurrency futures contract available today. The contract enables traders to go long or short bitcoin, providing an opportunity to take advantage of the markets going
Bybit, a cryptocurrency exchange with one of the largest BTC futures open interest, is settling its options trading market in one of the world’s most trusted stablecoins: USDC.
Unlike bitcoin-settled contracts, Bybit’s use of USDC allows for stable prices for the duration of each contract.
Users of Bybit’s European-style, USDC-settled options will also benefit from the newly-launched unified margin account, which offers a completely new derivatives trading structure. Users can use all assets under their account as collateral to trade USDC options contracts as well as perpetuals.
Bybit’s portfolio margin account supports USDT, USDC, BTC and ETH as
The onset of the Covid-19 pandemic upended the investment management, hedge fund, and financial services sectors, with firms quickly pivoting towards remote working and trading, investor and operational due diligence processes migrating to virtual settings, and industry participants describing the crisis as the ‘largest continuity test ever’ for business operations.
More than two years on, as forms of hybrid working remain in place, the experience appears to have shifted the needle, bringing about the increased potential for a range of back-, middle-, and even front-office functions traditionally performed on-site to be made permanently remote.
Appetite for outsourcing remains high, according
A survey by Hedgeweek in May shows that 82% of emerging managers (<$250m) cite attracting investor flows as the single biggest challenge for emerging and start-up managers during the initial launch process
Fund launch process hampered by rising volatility, allocator caution and capital-raising challenges – but emerging managers’ outlook stays buoyant
