derivative

Coinbase posted on platform X that Coinbase Derivatives, LLC is a designated contract market registered with the U.S. Commodity Futures Trading Commission.The risks of futures trading can be high, and each investor must assess whether this investment is suitable for themselves.

According to the latest stock derivatives exchange ranking by RootData, among the top 20 exchanges, the three with the smallest weighted depth (±2%) are OrangeX, KuCoin, and Extended, with values of $32,700, $124,400, and $132,400 respectively. The comprehensive ranking leader Binance has a weighted depth of approximately $13,282,600.It is reported that this weighted depth is the ±2% depth weighted by the 24-hour trading volume.

CryptoQuant certified analyst Axel Adler Jr. stated that in the past 24 hours, the price of Bitcoin has slightly increased by 0.4%, but selling pressure in the derivatives market has significantly intensified. The Bitcoin derivatives pressure index has dropped from -25.36 to -60.8, remaining below zero since September 6, indicating that sellers still dominate.Meanwhile, Coinbase continues to trade at a discount relative to Binance, with the latest Coinbase premium index at -0.0455%, a 48-hour average of -0.0323%, and further weakening in the past 24 hours.

Binance co-founder He Yi today reposted the RootData stock derivatives report on the X platform and commented "Everything is a number," accompanied by a reference to RootData's average daily open interest (OI) data for stock derivatives on exchanges from July to August 2026. The data shows that Binance ranks first with a share of 69.1%.In addition, the RootData report points out that the cumulative trading volume of mainstream exchange stock derivatives from January to August 2026 has approached $1.75 trillion, indicating that this category is transitioning from a marginal business to a core battleground for crypto exchanges competing with TradFi.

According to the latest stock derivatives exchange data released by RootData, Bitget's 24-hour trading volume is approximately 446 million USD, with an increase of 161.83%.

According to the latest stock derivatives exchange ranking released by RootData, WEEX has the largest spread among the Top 10, with MEXC in second place, reaching 0.078% and 0.052% respectively. In contrast, Binance, which ranks first overall, has a spread of only 0.008%, with 60% of exchanges having spreads below 0.02%.It is reported that this spread is weighted by the 24-hour trading volume, and a higher value usually indicates higher trading costs.

According to the latest stock derivatives exchange rankings data released by RootData, Gate had a 24-hour trading volume of approximately 482 million USD, with an increase of 90.58%.As of the time of publication, Gate ranked third, with a score of 93.2, a position holding of approximately 890 million USD, and a market share of 4.01%.

Coinbase posted on the X platform stating that the company is working to launch single-stock perpetual contracts in the United States. This week, Coinbase has submitted notification registration documents to the SEC for its derivatives exchange and brokerage and will work closely with the SEC and CFTC to bring more major financial products to the U.S. market.

Cryptocurrency exchange Bybit announced the appointment of Sean Ballard as the Head of Derivatives and Institutional Business. Ballard will play a key role in strengthening trading infrastructure, risk frameworks, and institutional capabilities, with responsibilities covering trading risk and exchange technology.Ballard has over 25 years of experience in global financial markets, encompassing derivatives, high-frequency trading, trading risk, market structure, and exchange technology. Before joining Bybit, he worked at Jump Trading, where he led the company's high-frequency futures trading operations in the United States, Europe, the Middle East, Africa, and Latin America, managing portfolios and collaborating with global exchanges and regulators on market structure, trading performance, and infrastructure. During his time at Jump Trading, he also served as a senior trader on the Jump Crypto team, managing centralized exchange trading and driving strategic partnerships related to ecosystem growth.At Bybit, Ballard will enhance the institutional trading experience through market infrastructure, risk management, and product development. Bybit Institutional has introduced professional services such as bank tripartite arrangements over the past year, allowing institutions to manage counterparty risk through regulated custody while retaining full trading authority; the market maker gateway has reduced latency for high-frequency and quantitative clients from 4 milliseconds to 1.5 milliseconds. Starting July 2026, Finloop's AAA-rated USD money market fund FUIDL will be available as trading collateral on Bybit.

According to the latest stock derivatives exchange rankings released by RootData, influenced by factors such as macroeconomic uncertainty and interest rate hike expectations, the 24h trading volume of the top five exchanges has decreased.Binance's 24h trading volume is approximately $14.849 billion, a decrease of 11.66%. Hyperliquid's 24h trading volume is approximately $2.272 billion, a decrease of 19.77%. Gate's 24h trading volume is approximately $1.079 billion, a decrease of 3.33%. OKX's 24h trading volume is approximately $2.796 billion, a decrease of 2.40%. Bitget's 24h trading volume is approximately $1.218 billion, a decrease of 23.69%.

According to a report from the official Coinbase blog, Coinbase has officially launched regulated derivative contracts for qualified Canadian traders through its subsidiary Coinbase Financial Markets (CFM), becoming the first major crypto platform to offer native crypto futures in Canada.The products include 23 types of perpetual and fixed-term futures such as Bitcoin, ETH, SOL, as well as 5 types of commodity futures including gold/silver/oil and COIN50 index futures, supporting up to 10x leverage. All contracts are provided by CFTC-registered futures commission merchant CFM, with limited-time fees as low as 0.02% per transaction + $0.11 per contract.Previously, Canadian investors lacked regulated crypto derivative channels and had long relied on offshore or unregulated platforms.

According to a research report published by RootData Research, the total trading volume of mainstream cryptocurrency exchanges in the TradFi sector surpassed $1.3 trillion in the first half of 2026, nearly a tenfold increase compared to the entire year of 2025, with TradFi derivatives accounting for over 98%, becoming the core engine driving the explosive growth of the sector.The exchange landscape is shifting from "unipolar concentration" to multipolar competition. Binance, while maintaining a leading position in the TradFi sector with a cumulative share of 68.3%, saw its monthly trading volume share decline from 78.8% at the beginning of the year to 58.2% in August. Meanwhile, second-tier exchanges such as OKX, Gate, and Hyperliquid are rapidly expanding, with market shares of 18.2%, 10.7%, and 9.9% respectively in August.In the core submarket of stock derivatives, entering August, Binance still dominated with an average daily trading volume of $14.927 billion; OKX established an advantage in trading costs with the industry's lowest spread of 0.0091%, achieving a comprehensive score tied for second with Gate. Gate has recently shown independent growth, recording four consecutive months of triple-digit month-on-month growth from May to August, and in mid-August, its ±2% weighted depth ranked first in the industry for 11 consecutive trading days. The competitive logic of the TradFi sector may be shifting from a battle for traffic to a competition across comprehensive dimensions such as position size, market depth, trading costs, and variety coverage.

The Securities and Exchange Commission of Thailand (SEC) has proposed allowing intermediaries to provide certain digital asset derivatives traded overseas to retail investors. According to the proposal, eligible products must be similar to crypto derivatives traded domestically in Thailand, including aspects such as underlying assets, duration, leverage, and settlement methods. At the same time, these products must be traded on exchanges that adopt central counterparty clearing and are supervised by regulatory bodies belonging to specific international regulatory or exchange organizations.Crypto derivatives that do not meet the above conditions will only be available to institutional investors. The Thai SEC stated that institutional investors are better equipped to assess and manage complex and high-risk products. Current rules only allow intermediaries to provide relevant investment services to retail and high-net-worth clients when overseas derivatives are similar to domestic trading products, while overseas crypto derivatives, due to their varying structures and risk levels, require targeted regulations.This consultation is the latest initiative by Thailand to incorporate crypto-related products into the regulated capital market. The Thai SEC officially designated cryptocurrencies and digital tokens as permissible derivative underlying assets in a notice issued on March 5 and is discussing potential contract specifications with the Thailand Futures Exchange. The consultation will continue until September 30, and the Thai SEC has not yet announced the proposed implementation date for the revisions.

On Monday, CME Group officially launched two multi-asset cryptocurrency benchmark indices, one covering a broad market index and a "Emerging Crypto Index" specifically measuring large crypto assets beyond Bitcoin and Ethereum. The CME CF Emerging Crypto Index excludes Bitcoin and Ethereum, tracking a total of 10 assets: BNB, XRP, SOL, HYPE, LINK, XLM, SUI, UNI, AVAX, and AAVE; while the CME CF Crypto Market Index includes Bitcoin and Ethereum in addition to the aforementioned 10 assets.Both indices are weighted by free float market capitalization and undergo component adjustments and rebalancing every six months. The real-time version is calculated once per second and operates around the clock; the settlement version is calculated once daily and published at 4 PM London, New York, and Singapore/Hong Kong time. The methodology for the Emerging Index requires component assets to meet custody conditions, exclude meme coins, and set protocol usage rate screening thresholds based on the ratio of total locked value to total market capitalization. At the time of initial inclusion, assets that do not yet meet the general listing standards for cryptocurrency ETFs on U.S. national securities exchanges but are expected to be compliant within 30 days may temporarily enter the index with a maximum combined weight of 10%.The index is designed to be investable and can be used for passive replication by funds and derivative settlements, continuing the precedent set by CME's launch of Nasdaq CME Crypto Index futures in June. CF Benchmarks stated that the Emerging Index can be licensed for financial products, investment funds, or derivative instruments.

According to the latest ranking of stock derivatives exchanges released by RootData, Binance, Hyperliquid, Gate, Bitget, OKX, Bybit, MEXC, XT.COM, Bitunix, and WEEX are in the top ten.Among them, Binance ranks first with a score of 96.2, holding approximately $3.454 billion, a 24h trading volume of approximately $6.17 billion, and a market share of 41.83%. Hyperliquid ranks second with a score of 95.3, holding approximately $1.761 billion, a 24h trading volume of approximately $1.491 billion, and a market share of 10.11%. Gate ranks third with a score of 95.1, holding approximately $841 million, a 24h trading volume of approximately $990 million, and a market share of 6.71%.

BitGo announced the completion of its acquisition of NYDIG's institutional trading business, which was completed in a two-step merger, with a total consideration of approximately $42.5 million, including $7 million in cash and about $35.5 million in BitGo stock. About 30 NYDIG employees will transition with the business, and the deal also includes Earnout terms linked to revenue milestones.The business provides derivatives, structured products, financing, and capital market solutions for asset management firms, hedge funds, corporations, and family offices. BitGo CEO Mike Belshe stated that institutional clients are increasingly looking to partner with trusted partners that can support the entire lifecycle of digital assets, covering custody, trading, financing, and settlement.For NYDIG, the sale allows it to focus on power generation, Bitcoin mining, and high-performance computing data center businesses, with the company stating that its development pipeline exceeds 3 gigawatts. BitGo went public on the NYSE this year, with a valuation of approximately $2 billion, and launched the USDS stablecoin.

The cryptocurrency protocol Ethena, which issued $4 billion in synthetic US dollars (USDe), announced plans to expand its basis trading strategy to stock perpetual contracts. According to Ethena's data, the open interest in stock perpetual contracts has grown tenfold to $6.2 billion since March. Over the past few months, the funding rates on Hyperliquid and Binance averaged approximately 14% and 17.5%, respectively, while the Bitcoin funding rate during the same period was only in the low single digits.Ethena pointed out that the average Bitcoin funding rate was 11% in 2024, 4.9% in 2025, and has dropped to 2.2% as of August 11 this year. In contrast, stock perpetual contracts had positive funding rates on 94% of trading days on Hyperliquid and 97% on Binance, with a median funding rate of 13.9%, while Bitcoin's was 3.9%. Co-founder Guy Young stated that stocks tend to rise in the long term, creating a continuous demand for leveraged longs to pay fees, and that the funding rate for stocks has almost no correlation with Bitcoin, providing USDe with a revenue source that relies less on the crypto market.The global stock market had a market capitalization of approximately $166.5 trillion in July, far exceeding the crypto market's approximately $2.2 trillion. This expansion is one of Ethena's initiatives to seek new revenue sources after the supply of USDe fell from a peak of about $15 billion to below $5 billion. Last week, it also announced a $1 billion financing arrangement with FalconX.

The Gate stock derivatives section is now online with pre-market trading for the SHEINUSDT perpetual contract, settled in USDT, supporting 1-10x leverage.SHEINUSDT corresponds to SHEIN, a cross-border e-commerce company that is listed with a dual-class share structure in Hong Kong.