derivatives

User gpugene stated during a discussion on computing power trading: Some B300 transaction prices have exceeded 24 dollars per GPU hour, and the price of computing power with a term shorter than 1 year remains above 7 dollars and is still rising. gpugene expressed the hope to use computing power derivatives to guard against the rise in GPU hour prices while retaining the flexibility to adjust rental durations; if inference clouds sell services at fixed prices and their own GPU bills fluctuate, they have effectively taken on the risk of computing power price changes.The article provides an example where a supplier can offer a plan for 2048 B300s, available for rent for 5 years at 4.15 dollars per GPU hour, corresponding to an amount of 372,264,960 dollars. If the client goes live after 12 months and uses this scale from the 13th to the 15th month, the total would be 4,485,120 GPU hours. gpugene calculated that the current premium for a call option with an exercise price of 4.50 dollars is approximately 4.83 million dollars; if changed to a compound option, the current payment would be about 2.70 million dollars, with an additional payment of about 4.49 million dollars upon exercising in the 12th month.gpugene also compared 4000 hypothetical 5-year rental and demand paths. The average cost of annual renewal is 4.72 dollars per hour, with the worst 5% scenario averaging 10.91 dollars; after adding the call option, these figures change to 4.88 dollars and 7.20 dollars, respectively, with the premium included. gpugene believes that the emerging computing power derivatives market may change how neocloud and related participants expand and protect themselves.

CoinMarketCap officially announced that it has completed the acquisition of the crypto derivatives data platform Coinglass, with the transaction amount undisclosed.Coinglass was established in 2019, covering 28 exchanges and over 2,500 trading products, providing data on open interest, funding rates, liquidation, and options, with over 5 million monthly active users and more than 10,000 API clients.CoinMarketCap stated that this acquisition will bring Coinglass's derivatives data to its platform, providing information on market leverage positions, liquidation distribution, and funding rates to its 115 million monthly users.Coinglass stated that it will continue to operate as an independent business, with its website, app, free tools, API, and pricing remaining unchanged.

On-chain derivatives protocol Derive announced on X that a new governance proposal has been launched on the Derive forum, aiming to increase the proportion of protocol revenue allocated to DRV buybacks to 50%.Derive stated that community members can review the proposal and share their opinions, and the relevant discussion is now open. DRV is the protocol token of Derive, and this proposal involves the allocation ratio of protocol revenue used for token buybacks.

According to the latest ranking of stock derivatives exchanges published by RootData, the three exchanges with the largest price differences among the listed exchanges are HTX, OrangeX, and BingX, with price differences of 0.868%, 0.28%, and 0.25%, respectively.It is reported that this price difference is weighted by the 24-hour trading volume, and a higher value usually indicates higher trading costs.

The on-chain derivatives protocol Variational announced that the Token Generation Event (TGE) for the token $VAR is scheduled for the fourth quarter of 2026. The initial token distribution includes 32% genesis allocation, 18% ecological reserve, and 50% for team and investor shares. The genesis tokens will be airdropped according to the proportion of Variational points held and will be 100% unlocked at TGE; the ecological reserve will be retained by the Variational Foundation for ecological growth and distributed at its discretion.The team and investor tokens will be locked for 12 months after TGE, followed by a minimum unlocking period of three years. Team members are also subject to individual vesting arrangements, and the specific shares for both parties will be announced before TGE. Variational stated that it plans to use all revenue directed to the treasury for the repurchase and destruction of $VAR. Weekly point distribution will continue until TGE, with 150,000 points distributed each week; accounts must hold at least 1 point to qualify for signing terms and receiving the genesis allocation, and any unclaimed portion will be destroyed.Variational originally planned to end the points program in the third quarter of 2026 and subsequently launch $VAR, but this timeline has been delayed due to significant strategic partnerships. In the final weeks before TGE, the project will conclude private testing, launch Omni on the public mainnet, expand exchange functions, and release trading APIs, while also announcing details on repurchase and token usage, and disclosing the impact of new partnerships on Omni, Pro, and traditional financial markets on-chain when conditions permit.

The cryptocurrency derivatives platform BitMEX has ceased trading, deposits, and opening new positions, retaining only the withdrawal function. The platform announced on social media platform X that as of this Tuesday at 04:00 UTC, the aforementioned services will no longer be available. Users can still log in and withdraw their balances through the official website, but deposits have been confirmed as impossible. BitMEX was co-founded by Arthur Hayes, Ben Delo, and Samuel Reed in 2014, known for promoting perpetual contracts as mainstream trading tools in the cryptocurrency derivatives market.BitMEX urges customers to withdraw their funds as soon as possible and states that account fees will be charged to users with completed KYC certification who still have a balance, billed monthly, at a standard of 1% annualized on assets or a minimum equivalent of $50, whichever is higher. The company emphasizes that this shutdown does not freeze customer assets, and the withdrawal channel remains open during the liquidation process.BitMEX announced its closure in July this year, following a strategic assessment by its parent company HDR Global Trading, as the exchange's market share in the perpetual contract market it helped create continued to decline. According to research data from CoinDesk, the monthly trading volume of centralized cryptocurrency exchange derivatives reached $3.4 trillion in August, with an annual scale potentially reaching $50 trillion. Previously, BitMart also announced its shutdown in July after nine years of operation due to market conditions.

According to official news, the Chicago Mercantile Exchange will launch BCH (Bitcoin Cash) and Uniswap futures to expand its cryptocurrency derivatives portfolio.Market participants can choose the contract size for trading based on demand: BCH futures (250 BCH) and micro Bitcoin Cash futures (25 BCH); UNI futures (10,000 UNI) and micro Uniswap futures (1,000 UNI).

According to the official API data released by Kalshi, most of the dollar trading volume in the Ethereum perpetual contract trading on this exchange comes from a single recurring fixed-size order.In response, Kalshi stated that its related incentive program has been publicly filed. This data was compiled by The Defiant based on Kalshi's public API data.

According to RootData stock derivatives data, in the OPENAI (OpenAI) contract assets, the trading volume in the past 24 hours at Gate ranked first, approximately 49.4963 million USD, with a market share of 78%.

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 Wall Street Journal, Coinbase has applied for regulatory approval to launch perpetual contracts linked to major U.S. stocks on its regulated derivatives platform in the U.S., targeting about 50 to 60 stocks, including Apple, Microsoft, Tesla, and Nvidia, with plans to launch within the year after approval. The product is intended to be listed by Coinbase Derivatives and traded by Coinbase Financial Markets for clients, requiring approval from the SEC and CFTC.The report states that Coinbase is already offering cryptocurrency perpetual contracts and thematic stock index perpetual contracts in the U.S., and has launched individual stock perpetual contracts for non-U.S. users in March this year. At the end of May, the CFTC approved the listing of perpetual contracts on registered platforms in the U.S. Individual stock perpetual contracts are currently mainly traded on the decentralized exchange Hyperliquid and have not yet landed on regulated platforms in the U.S. The prediction market platform Kalshi has also applied to launch regulated individual stock perpetual contracts.

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.

Global digital asset trading platform Websea will appear as a gold sponsor at TOKEN2049 Singapore 2026. This conference will be held in October at Marina Bay Sands in Singapore. Websea will focus on showcasing its latest explorations in the field of digital derivatives trading and innovative financial products.Public information shows that in the three years since its establishment, Websea has surpassed 1.5 million registered users globally, with a recent daily trading volume reaching 5 billion USD, and has built a comprehensive business system covering areas such as digital asset trading, risk management, and traditional financial asset trading.

According to The Block, Hyperliquid's total open interest (OI) reached $14.3 billion on Sunday, close to the level before the crash on October 10, 2025. On that day, Hyperliquid's OI dropped by about 56% in a single day, from $14.7 billion to $6.5 billion. The subsequent recovery occurred in two phases: HIP-3 increased its share of total OI from 18% to over 34% between March and August, with August HIP-3 OI setting a record of over $4.44 billion; however, in the past month, total OI increased by $3.57 billion, while HIP-3 OI decreased by $119 million, with its share dropping from 34% to 25%. The two catalysts driving growth include: Coinbase began directing Base App users to Hyperliquid in mid-August, and President Trump stated that the CFTC is working to bring Hyperliquid to the U.S. in a compliant manner. Notably, HIP-3 builders can retain up to half of the trading fees in the deployed market, which has impacted Hyperliquid's financial condition—its total revenue dropped from a peak of $457 million in Q3 2025 to $202 million in Q2 2026. Core crypto perpetual contracts allocate about 97% of fees to HYPE buybacks, so the OI returning to core business is far more valuable to HYPE than the OI generated through builders.

Cryptocurrency exchange Bybit announced the launch of USDT-settled forex perpetual contracts, covering three major currency pairs: Euro/USD, Pound/USD, and Dollar/Yen, supporting up to 100x leverage, and offering 24/7 trading. This product belongs to Bybit's TradFi perpetual contract series, which has included over 200 assets since its launch in April this year, covering stocks, commodities, ETFs, and pre-IPO companies. According to data from the Bank for International Settlements, the global forex market's average daily over-the-counter trading volume reached $9.6 trillion in April 2025, making it the largest and most liquid financial market in the world. Bybit is not the first cryptocurrency exchange to venture into forex perpetual contracts; Kraken launched five forex perpetual contracts with up to 50x leverage in April 2025, while BitMEX launched six similar products with up to 100x leverage in April 2026.