#cash-settled

[rwatimes]

Bitcoin options are coming to Nadaq. Here's what it means for you.

Nasdaq has moved closer to offering cash-settled bitcoin (BTC) index options.

➤ Nasdaq is moving closer to offering cash-settled Bitcoin index options, pending CFTC approval. ➤ This new product aims to democratize crypto risk management by allowing trading through existing brokerage accounts without specialized derivatives accounts. ➤ The smaller contract size is expected to benefit both retail participants and smaller institutional managers for hedging and volatility trading.

[rwatimes]

CME Group reports $63B in notional trading volume for XRP futures in first year

CME Group's XRP futures hit nearly $63B in notional volume in their first year, with over 1.3M contracts traded and $250M in average daily volume.

➤ CME Group's XRP futures achieved nearly $63 billion in notional volume in their first year, with over 1.3 million contracts traded and an average daily volume exceeding $250 million. ➤ The success is attributed to cash-settled futures, which offer price exposure without the complexities of XRP custody, appealing to institutional investors seeking regulated exposure. ➤ A key driver for this volume was the July 2023 court ruling that clarified XRP sales on secondary markets do not constitute securities offerings, providing regulatory cover for institutional participation.