| Mobile Web

Search results for Bitnomial

Crypto

North Korea\'s Lazarus suspected of cashing out $30 million in bitcoin, raising U.S. regulatory risks

Wallets assessed to be linked to North Korea\'s Lazarus group are suspected of selling more than $30 million in bitcoin on decentralised derivatives platform Hyperliquid over the past three weeks. The funds were then converted into ether and solana and moved to centralised exchanges including Kraken, LBank and KuCoin. The activity comes as Hyperliquid pursues U.S. market entry, putting sanctions and anti-money laundering issues in focus.

Crypto

U.S. perpetual futures competition intensifies as Kraken joins Kalshi and Coinbase

Kraken will launch perpetual futures trading in the United States, The Block reported on June 15. The exchange has completed its acquisition of Bitnomial and received approval from the U.S. Commodity Futures Trading Commission to offer domestic crypto derivatives trading. Perpetual futures track price moves without expiry and use funding rates to align futures and spot prices. U.S. users have relied on offshore venues. The CFTC also recently approved products from Kalshi and Coinbase.

Crypto

Kraken says U.S. regulated perpetual futures market to follow bitcoin spot ETF playbook

A U.S.-regulated perpetual futures market is expected to be adopted by institutions in a way similar to the rollout of bitcoin spot exchange-traded funds in January 2024, CoinDesk reported, citing John Palmer (존 팔머), head of derivatives at Kraken. Palmer said professional traders would enter newly approved perpetual futures first, followed by large asset managers and investment advisers after internal due diligence and governance procedures.