RT Kraken Pro (@krakenpro)How can derivatives help investors navigate fast-moving markets❓🎢 As price volatility increases, traders need tools that work in both directions.💥 That’s where derivatives come in: they let you speculate on price movements without owning the underlying asset.💡 Used correctly, they can offer flexibility, precision, and protection. ...

Market Trends & Growth - SOL futures trading volume surpasses $12 billion on a major regulated derivatives exchange [1] - Solana (SOL) futures product reached its highest-ever open interest last week, exceeding 9500 contracts on August 14 [1] Solana Ecosystem - The increasing open interest in SOL futures indicates the continued growth and maturity of the Solana ecosystem [1]

Market Regulation - India's options market is facing a significant test due to potential regulatory changes regarding the tenure of derivatives [1] Derivatives Market - The regulator is reportedly considering changes to the tenure of derivatives, which could have a major impact on the options market [1]

eth longs crowding $47b derivatives (as overleveraged moonboys chasing $5k), built a $26m liquidation wall at $5,002. they're not as smart as they think but they're creating the exact squeeze setup smart money needs. ...

💰 Treasury & Derivatives:Nasdaq-listed BNC discloses 200K BNB buy (~$160M), spotlighting growing treasury demand. Binance Futures lists USDS-M perps for XNY & AIO (up to 50x) launching Aug. 13 (UTC), widening hedging/liquidity rails.5/6 ...

RT Gate (@Gate)When the numbers speak, the market listens.Gate just smashed records in @CoinDesk’s latest July Exchange Review:🔹Monthly derivatives volume hit $374B, up 44% MoM🔹Achieved the 2nd highest derivatives market share increase globally🔹#USD1 holdings ranked 2nd among all CEXs🔹$IKA Launchpad set a record with $348M in subscriptions🔹Launchpool reached APYs as high as 4,509%Read the full report: https://t.co/fLrlmHSt1W ...

Market Trends - TradFi (传统金融) 衍生品资金流入加密货币永续合约市场 [1] - 亚太地区交易所占据永续合约交易量的 80% [1] Institutional Investment - 大型机构正在进入加密货币永续合约市场 [1] - 专业投资者对杠杆交易的接受度提高 [1] On-Chain Data - 鲸鱼钱包控制着每日交易量的 70% [1] - 总锁仓价值 (TVL) 在 30 天内增长 78% [1] Competitive Landscape - 传统金融交易所交易量下降 [1]

Market Performance - Hyperliquid's monthly volume surpassed Robinhood's, reaching $231 billion compared to $150 billion [1] - Solana derivatives are outperforming traditional finance [1] Financial Highlights - Hyperliquid's quarterly revenue amounted to $173 million [1] - Hyperliquid's daily revenue reached $2.96 million [1]

Financial Data and Key Metrics Changes - Cboe reported a 14% year-over-year increase in net revenue, reaching a record $587 million, and adjusted diluted EPS also grew by 14% to $2.46 [8][21] - Adjusted operating expenses increased by 8% year-over-year to $213 million, while adjusted operating EBITDA grew by 19% to $387 million, resulting in an adjusted operating EBITDA margin expansion of 2.3 percentage points to 65.8% [21][22] Business Line Data and Key Metrics Changes - Derivatives markets net revenues increased by 17%, with options volumes rising due to heightened market volatility [9][21] - DataVantage business saw an 11% year-over-year revenue growth, driven by strong new subscription and unit sales [15][24] - Cash and spot markets net revenue grew by 11%, with European cash equities business showing robust performance and a 30% year-over-year increase [13][21] Market Data and Key Metrics Changes - The Europe and Asia Pacific segment achieved a 30% year-over-year growth, driven by a 39% increase in net transaction and clearing fees [13][21] - SPX options volumes increased by 21% year-over-year, with Mini SPX options average daily volume rising by 50% [9][11] Company Strategy and Development Direction - Cboe is focused on optimizing growth in core businesses while exploring organic and inorganic investment opportunities [32][38] - The decision to close the Japanese equities business reflects a strategy to redirect resources to higher potential return activities [14][26] - The company aims to leverage its advanced technology and differentiated product offerings to enhance its DataVantage business [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential of options as an asset class, supported by increasing retail participation and international expansion [12][32] - The company is committed to maintaining a flexible balance sheet and effectively allocating capital to produce sustainable shareholder value [28][32] Other Important Information - Cboe expects to record a pretax charge of approximately $5 million related to the wind down of its Japanese equities business [26] - The company repurchased $35 million in shares during the quarter, bringing year-to-date repurchases to $65 million [28] Q&A Session Questions and Answers Question: Key priorities for the new CEO - The new CEO emphasized optimizing growth in core businesses and exploring both organic and inorganic growth opportunities, with a focus on strategic and financial rationale [38][40] Question: Evaluation of business footprint - The CEO mentioned a rigorous evaluation of all business activities to ensure capital is allocated to the best growth opportunities, citing the closure of the Japan equities business as an example [42][43] Question: DataVantage revenue guidance - Management remains confident in the full-year guidance for DataVantage, highlighting strong new subscription sales and international demand as key drivers [46][49] Question: Long-term growth for index options volume - Management believes there is significant potential for growth in index options, particularly through partnerships with retail broker dealers and expansion in the Asia Pacific region [51][52] Question: Competitive environment for single stock zero DTE - Management sees single stock zero DTEs as complementary to index options, with retail traders likely to migrate to index options as their sophistication increases [55][56] Question: Strategic relationship with S&P Global - The CEO views the relationship with S&P Global as long-term and valuable, aiming for mutual growth and innovation [60][61] Question: Globalization strategy - The company is focused on importing flow from outside the U.S. into its markets, particularly through data and analytics initiatives [64][65] Question: Evolution of the securities exchange industry - The CEO noted that the retail trend is a long-term structural change, with a focus on remaining relevant and competitive in a dynamic environment [69][70]

Well, let's get another check on Coinbase because those shares are lower now after trading volume came in lighter than forecast. Joining us now exclusively is Coinbase CFO Alicia Hos. Alicia, it's great to have you on and just walk me through the quarter here because it does look like revenue missed as well as transaction revenue, subscription revenue, and trading volume, although stable coins uh were a bit stronger than expected.What do you attribute to the softer than expected quarter at least versus stre ...