Core Insights - The excessive use of leverage in crypto trading has led to significant market instability and massive liquidations, particularly in 2025, with over $154 billion lost due to forced liquidations [5][6][26] - The mechanics of futures trading, including auto-deleveraging and funding rates, played a crucial role in exacerbating losses and market volatility [20][13][26] Group 1: Leverage and Market Dynamics - High leverage ratios for Bitcoin (BTC) and Ethereum (ETH) often exceeded 10x, with some retail traders operating at 50x or even 100x, contributing to a saturated market with over $220 billion in total futures open interest [1][2] - The Bitcoin Estimated Leverage Ratio reached a record high just before a market collapse, indicating that leverage was a primary factor in the liquidation crisis of 2025 [2] - Long positions accounted for 80-90% of liquidations, as cascading margin calls overwhelmed order books, leading to a brutal market reversal that liquidated over $19 billion in positions within 24 hours [3][4] Group 2: Structural Issues and Market Failures - The year 2025 marked a systemic failure in crypto futures trading, with unprecedented levels of forced liquidations averaging $400-500 million in daily losses [6][11] - Funding rates, which signal market positioning, were often misunderstood, leading traders to ignore critical warnings about market crowding [13][14] - Auto-deleveraging (ADL) mechanisms were triggered en masse during the October crash, disproportionately affecting profitable traders and highlighting the flaws in exchange-level risk management [20][21][24] Group 3: Lessons for Future Trading - The events of 2025 underscored the importance of understanding market mechanics, as the $154 billion lost was attributed to ignoring these factors [26] - Crypto derivatives are expected to remain a dominant force in 2026, but traders must learn from past mistakes to avoid repeating them [25][26] - The reliance on exchange risk mechanisms, which prioritize platform survival over trader protection, necessitates the use of strict manual stop-losses to mitigate risks [24][26]

(Bloomberg) — Gemini Space Station Inc.’s (GEMI) application for a derivatives exchange was approved by the Commodity Futures Trading Commission Wednesday, in a move that will allow the company to join the fast-growing field of prediction markets. Gemini, co-founded by billionaire twin brothers Tyler and Cameron Winklevoss, will soon allow existing US customers to trade event contracts on its website and mobile app, the company said in a blog post. In a regulatory filing prior to its initial public offeri ...

Robinhood Expands Crypto Offerings With Futures, Staking, and Stock Tokens► https://t.co/fA0vt7dfyd https://t.co/fA0vt7dfyd ...

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活动概要 - HTX 推出加密货币期货竞赛，奖池总额为 15,000 美元 [1] - 竞赛截止日期为 11 月 25 日 [1] 交易标的 - 交易标的包括 SOL、UNI、ZEC、WLFI 和 ICP 等加密货币 [1]

Core Viewpoint - Coinbase Markets is set to launch 24/7 futures trading for various altcoins, responding to increasing demand for continuous access to crypto derivatives [1] Group 1: Expansion of Trading Hours - Starting December 5, futures for altcoins including Avalanche (AVAX), Bitcoin Cash (BCH), Cardano (ADA), and others will be available for trading around the clock [1] - This expansion builds on existing always-on markets for Bitcoin, Ethereum, Solana, and XRP, which include both standard and nano-sized contracts [2] Group 2: Introduction of New Futures Contracts - Coinbase is working on introducing U.S. perpetual-style futures for the same basket of altcoins, which will settle on a five-year expiry rather than the indefinite format used offshore [2][3] - The exchange previously launched 24/7 BTC and ETH futures in May and long-dated futures in July, establishing itself as a compliant venue for these products in the U.S. [3] Group 3: Market Dynamics - Most liquidity for non-BTC/ETH futures currently resides offshore, particularly on platforms like Binance and Bybit [4] - A U.S. alternative with deeper institutional access and clearer regulations may gradually attract order flow, especially amid volatile funding markets and ongoing regulatory pressures [4]

Core Insights - Webull has expanded its crypto futures offerings through a partnership with Coinbase Derivatives, allowing U.S. users to trade futures contracts for various cryptocurrencies including Dogecoin, Nano XRP, and Solana [1][2][3] Group 1: Company Developments - Webull launched futures and commodities trading in March 2024, enhancing user access to futures markets and enabling better portfolio diversification and risk management [2] - The partnership with Coinbase Derivatives combines Webull's advanced trading tools with Coinbase's crypto futures, broadening the product lineup available to users [2][3] - Webull is among the first retail brokerages to provide access to multiple commodities exchanges, continuing to enhance its futures offerings [4] Group 2: User Benefits - The new futures contracts require less margin to open a position, allowing users to select contracts that align with their investment goals [3] - Webull users benefit from real-time market data provided by Coinbase Derivatives, which is available free of charge on the platform [3] Group 3: Market Position - Webull serves over 24 million registered users globally, providing access to a wide range of investment services across various asset classes, including digital assets [7] - The platform's infrastructure supports trading in 14 markets worldwide, emphasizing its commitment to providing comprehensive investment opportunities [7]

Core Insights - PrimeXBT has appointed Kearabilwe Nonyana as VIP Account Manager to enhance its leadership in the South African market through expertise and client-focused service [1][3] Company Overview - PrimeXBT is a global multi-asset broker with over 1,000,000 traders across 150+ countries, offering a trading experience that integrates traditional and digital finance [4] - The platform allows clients to trade CFDs on Stocks, Indices, Commodities, and Crypto, as well as Crypto Futures and Forex, while also providing secure cryptocurrency storage and exchange options [4] Leadership and Expertise - Kearabilwe Nonyana brings over a decade of experience in institutional and retail trading, equity research, and digital assets, having worked with notable firms such as JPMorgan and IG Group [2] - Nonyana's role will focus on supporting VIP clients and enhancing relationships, helping traders navigate opportunities in global and digital markets [2][3] Market Positioning - Nonyana is recognized as a respected commentator in South Africa's financial community, providing insights on market dynamics and macroeconomic trends [3] - His appointment aligns with PrimeXBT's commitment to excellence, trust, and transparency, further solidifying its position as a trusted multi-asset broker in South Africa [3]

活动概要 - HTX 举办加密货币期货交易竞赛，奖金池为 15,000 美元 [1] - 交易指定加密货币 ASTER, AVAX, XPL, FARTCOIN, 和 TRX 可参与奖金分享 [1] 活动时间 - 活动截止日期为 10 月 10 日 [1]

活动概要 - HTX 加密货币期货交易竞赛正在进行中 [1] - 交易指定加密货币（$ASTER, AVAX, XPL, FARTCOIN, & TRX）可瓜分 15,000 美元 HTX 奖励 [1] - 活动截止日期为 10 月 10 日 [1]