Derivatives
BitMEX Hires Former JPMorgan Executive Director as Head of Custody
BitMEX said the appointment forms part of the firm's "beyond derivatives" strategy.

Polychain, Pantera Back $14M Funding Round for DeFi Derivatives Platform SynFutures
Bybit, Wintermute, CMS, Kronos and IOSG Ventures also kicked in.

Open Positions in Bitcoin Futures Rise to 1-Month High
Open interest rose to $13.1 billion after being in the $10.5 billion to $13 billion range.

Bitcoin 'Options Smile' Shows Market Fearful of Downside Despite Tesla News
Bitcoin option's smile shows persistent fears of deeper drop and low expectations for a quick rally.

Binance Extended Crypto Exchange Dominance During May Trading Frenzy
Binance led competitors in May with a monthly trading volume of $2.46 trillion, up 49% from April levels.

Open Positions in CME-Based Bitcoin Futures Slump to 5 1/2-Month Low
Open interest in the CME's standard bitcoin futures contract has hit the lowest since mid-December.

Bitcoin Options Market Faces Smallest Expiry of Year – But It Could Still Drive Volatility
"Max pain" for the May expiry is $50,000.

Bitcoin Drops Below $31K Before Rebounding; $8B in Liquidations Triggered
The price of bitcoin is now down more than 30% so far in May, on track for its worst month since November 2018.

Polkadot-Based Derivatives Exchange Raises $6.4M at $50M Valuation
Su Zhu’s Three Arrows co-led the funding round for dTrade. The project looks to decentralize crypto derivatives trading.

Dfinity's ICP Token Price Goes Live on Coinbase Pro
The launch of the Dfinity project's internet computer (ICP) token on Coinbase Pro instantly makes it one of the largest cryptocurrencies.

