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ErisX Unit Gets CFTC 'OK' to Clear Fully Collateralized Swaps

The clearing arm of ErisX got CFTC approval to diversify beyond digital currencies.

Updated Sep 14, 2021, 10:27 a.m. Published Nov 4, 2020, 9:11 p.m.
ErisX CEO Thomas Chippas
ErisX CEO Thomas Chippas

Eris Clearing LLC, the clearing arm of Eris Exchange, has won the Commodity Futures Trading Commission's blessing to provide clearing services for fully collateralized swaps in addition to its existing business of clearing digital currency products.

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Read more: ErisX Announces Launch of First US Ether Futures Contracts

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Key bitcoin price levels to watch as downward pressure builds

True Market Mean Price (Glassnode)

As bitcoin remains in a downtrend, several technical and onchain levels stand out as critical areas of support.

What to know:

  • The 100-week moving average at $87,145 remains the main line of defense.
  • Below this, the cost basis of U.S. spot bitcoin ETF buyers at $84,099 has provided support during recent consolidation.
  • A sustained break below $80,000 would likely open the door to a revisit of the April 2025 low near $76,000.