Deribit announced that it has won the FOW International Award for Derivatives Trading System of the Year. The award recognizes innovation and performance in the derivatives industry. Deribit highlighted its range of inverse and linear crypto derivatives products, spot markets, portfolio margin system, cross-collateral features, and liquidity infrastructure as key strengths.The above is a commercial content. Full disclosure in the link：https://t.co/cnaLUBVuHj ...

Core Viewpoint - FanDuel and CME Group have launched a new prediction markets platform, FanDuel Predicts, in five states, with plans for a phased expansion to other states through early 2026, aiming to enhance access to financial and sports markets for millions of U.S. customers [1][4]. Group 1: Platform Features - FanDuel Predicts allows users to express their views on significant events across financial indicators, cultural moments, and sports through a mobile application available on major app stores [2]. - The platform will offer event contracts on benchmarks such as the S&P 500, Nasdaq-100, oil and gas prices, gold, cryptocurrencies, and key economic indicators like GDP and CPI [3]. - Sports contracts will be available in states where online sports betting is not yet legal, with plans to cease offering these contracts as states legalize online sports betting [3]. Group 2: Customer Engagement and Insights - The launch in five states is expected to provide valuable insights into customer engagement, which will help refine the platform's approach as it expands [4]. - The platform integrates a "Know Your Customer" sign-up process, requiring personal information for account creation, ensuring compliance and security [2]. Group 3: Consumer Protection - FanDuel is committed to consumer protection within the Predicts app, allowing customers to set deposit limits, receive alerts, or self-exclude, with mental health services provided by Kindbridge Behavior Health [5]. Group 4: Company Background - FanDuel Group is a leading mobile gaming company in the U.S., with a diverse portfolio including sports betting, iGaming, and daily fantasy sports, serving approximately 17 million customers across all 50 states [6]. - CME Group is recognized as the world's leading derivatives marketplace, offering a wide range of global benchmark products across major asset classes, enabling clients to manage risk and capture opportunities [7][8].

Core Insights - CME Group has launched Spot-Quoted XRP and SOL futures, expanding its cryptocurrency offerings alongside existing Spot-Quoted Bitcoin and Ether futures [1][2]. Group 1: Product Launch and Features - The new Spot-Quoted XRP and SOL futures are designed to complement the existing Spot-Quoted Bitcoin and Ether futures, providing investors with the ability to trade futures positions in spot-market terms with longer-dated expiry [2]. - These contracts are aimed at everyday traders, featuring the smallest contract sizes within the Crypto complex, enhancing market accessibility and precision for clients [3]. - Spot-Quoted futures allow traders to maintain positions according to their long-term views or trade in and out more easily without frequent rolling of positions [3]. Group 2: Market Demand and Performance - Since their launch in June, Spot-Quoted Bitcoin and Ether futures have seen strong demand, with over 1.3 million contracts traded [3]. - The average daily volume (ADV) for the launch-to-date stands at 11,300 contracts, with Q4 ADV at 18,400 contracts and December ADV reaching 35,300 contracts [6]. - A record trading day was noted on November 24, with 60,700 combined Spot-Quoted Bitcoin and Ether futures traded [6]. Group 3: Company Overview - CME Group is recognized as the world's leading derivatives marketplace, enabling clients to trade across various asset classes, including cryptocurrencies, and manage risk effectively [4]. - The company operates multiple trading platforms and is a prominent central counterparty clearing provider [4].

Core Insights - CME Group announced the winners of its 22nd annual University Trading Challenge, with Universidad de Monterrey from Mexico taking first place [1][6] - The competition saw record participation, with over 615 teams comprising 1,800 students from 25 countries [1][6] Participation and Competition Details - The challenge lasted four weeks and included teams from 174 universities worldwide [1] - Students engaged in hands-on trading techniques across various asset classes, including agriculture, energy, metals, equity indices, interest rates, and foreign exchange futures [2] Educational Opportunities - The University Trading Challenge provided students with practical experience in trading, utilizing CQG's real-time simulated trading platform and receiving live market updates [2][3] - Participants from the top five teams received cash prizes and were invited to an exclusive market education event [3] CME Group's Educational Initiatives - CME Group offers a range of risk management education through its CME Institute, which includes courses, webinars, and trading simulators [4] - The company collaborates with industry organizations to provide educational resources, such as Futures Fundamentals, to enhance understanding of futures markets [4] CME Group Overview - CME Group is the leading derivatives marketplace, facilitating trading in futures, options, cash, and OTC markets, and providing tools for risk management and opportunity capture [5] - The company operates multiple trading platforms and is a prominent central counterparty clearing provider [5]

Core Insights - The debut of SGX's bitcoin (BTC) and ether (ETH) perpetual futures indicates strong institutional interest in regulated digital asset derivatives [1][5] - Initial trading volumes were robust, with nearly 2,000 lots traded on the first day, amounting to approximately $35 million in notional value [1] - Open interest reached 58 lots, equating to about $1 million, showcasing a solid start for these new products [1] Trading Conditions - Trading exhibited tight bid-ask spreads and stable funding rates at 3 basis points, reflecting healthy liquidity conditions from the outset [2] - The launch was supported by eight prominent clearing members, reinforcing Singapore's position as a regional hub for digital asset trading [2] Product Significance - Perpetual futures allow traders to speculate on asset prices without an expiration date, facilitating high leverage trading and essential liquidity in the 24/7 crypto market [3] - These contracts are designed for sophisticated institutional investors, offering continuous funding and a streamlined payoff mechanism in the evolving crypto derivatives landscape [4] Market Implications - The introduction of perpetual futures signifies the maturation of institutional crypto trading, providing a reliable avenue for seasoned players in the digital asset ecosystem [5] - SGX's move is expected to attract more institutional participants, enhancing clarity and reliability in the market [5]

Core Insights - CME Group's Cryptocurrency futures and options suite achieved an all-time daily volume record of 794,903 contracts on November 21, surpassing the previous record of 728,475 contracts set on August 22, 2025 [1][2]. Trading Highlights - The demand for regulated crypto risk management tools is increasing amid market uncertainty, with both large institutions and retail traders contributing to record activity [2]. - Year-to-date, the overall cryptocurrency average daily volume (ADV) is 270,900 contracts, equivalent to $12 billion in notional value, reflecting a 132% increase year-over-year [5]. - The average open interest (OI) for the same period is 299,700 contracts, or $26.6 billion in notional value, which is an 82% increase year-over-year [5]. - In Q4, the ADV reached 403,200 contracts ($14.2 billion in notional), marking a 106% increase compared to Q4 2024, with average OI at 493,700 contracts ($35.4 billion in notional), up 117% year-over-year [5]. Product Suite Performance - The Micro Bitcoin futures and options reached a record daily volume of 210,347 contracts [4]. - The Micro futures and options suite also achieved a new daily volume record of 676,088 contracts [4].

Core Insights - CME Group has launched new options on Solana (SOL) and XRP futures, enhancing trading capabilities for clients [1][3] - The first trades for these options occurred on October 12 and 13, 2023, indicating immediate market engagement [2] - The introduction of these options reflects the growing sophistication and demand for diverse crypto instruments among market participants [3] Company Developments - CME Group's new options suite includes daily, monthly, and quarterly expiries for SOL and XRP futures [1] - The launch is seen as a significant step in expanding the range of listed crypto derivatives beyond Bitcoin (BTC) and Ethereum (ETH) [3] - Early support from a variety of clients suggests a positive reception and potential for increased liquidity in the crypto options market [3] Market Trends - The crypto market is maturing, with participants seeking to manage exposure and explore new investment opportunities [3] - Institutional interest in crypto derivatives is growing, as evidenced by the participation of firms like Wintermute, Superstate, Cumberland, and Galaxy in the first trades [2][3] - The demand for more trading options in digital assets is driving innovation and expanding institutional access to emerging blockchain ecosystems [3]

Core Insights - CME Group plans to offer 24/7 trading for its cryptocurrency products, including Bitcoin and Ethereum futures and options, starting in early 2026, pending regulatory review [1][2] - The demand for around-the-clock cryptocurrency trading has increased, driven by market participants' need to manage risk daily [2] - CME's cryptocurrency futures and options have reached record volumes this year, with notional open interest hitting $39 billion in mid-September and outstanding contracts increasing by 95% year-over-year [3] Group 1 - CME Group's cryptocurrency futures and options will be tradable 24/7 starting in early 2026, pending regulatory review [1] - The shift to 24/7 trading aligns CME more closely with crypto markets, although it will include a two-hour weekly maintenance period [2] - Client demand for continuous trading has grown, reflecting the evolving needs of market participants [2] Group 2 - CME's cryptocurrency products have seen record volumes this year, indicating a deeper integration of crypto into traditional finance [3] - Notional open interest reached a record $39 billion in mid-September, with outstanding contracts at 335,200 in August, marking a 95% increase year-over-year [3] - CME has been proactive in monitoring trading activities to prevent market manipulation, which is crucial for regulatory approvals [5]

Core Insights - CME Group reported record average daily volume (ADV) of 25.3 million contracts in Q3 2025 and 26.1 million contracts in September 2025, marking the second-highest ADV on record for both periods [1][2] Q3 2025 Highlights - Interest Rate ADV reached 13.4 million contracts, with U.S. Treasury options ADV increasing by 7% to 1.4 million contracts and 30 Day Fed Funds futures ADV increasing by 5% to 555,000 contracts [3] - Equity Index ADV was 6.3 million contracts, while Energy ADV stood at 2.3 million contracts [3] - Agricultural ADV totaled 1.7 million contracts, with Soybean Meal futures ADV increasing by 5% to 176,000 contracts [3] - Foreign Exchange ADV was 834,000 contracts, and Metals ADV reached 825,000 contracts [3] - Cryptocurrency ADV hit a record of 340,000 contracts, representing a notional value of $14.1 billion [3] - International ADV was 7.4 million contracts, with EMEA ADV at 5.4 million contracts, APAC ADV at 1.7 million contracts, and Latin America ADV at 151,000 contracts [3] September 2025 Highlights - Interest Rate ADV was 13.3 million contracts, with U.S. Treasury options ADV increasing by 21% to 1.5 million contracts and 30 Day Fed Funds futures ADV increasing by 5% to 743,000 contracts [3] - Equity Index ADV reached 7 million contracts, while Energy ADV remained at 2.3 million contracts [3] - Agricultural ADV was 1.5 million contracts, with Foreign Exchange ADV at 1.1 million contracts and Metals ADV at 1 million contracts [3] - Micro Gold futures ADV increased by 214% to 347,000 contracts, and Cryptocurrency ADV was 309,000 contracts, with a notional value of $13.7 billion [3] Additional Information - BrokerTec U.S. Repo average daily notional value (ADNV) increased by 31% to a record $401 billion, while European Repo ADNV increased by 4% to €298 billion [3] - Customer average collateral balances for cash collateral were $132.7 billion and for non-cash collateral were $153 billion for the rolling 3-months ending August 2025 [3]

Core Insights - CME Group plans to launch options on Solana (SOL) and XRP futures on October 13, 2025, pending regulatory review [1] - The new options will allow trading on SOL, Micro SOL, XRP, and Micro XRP futures with expiries available daily, monthly, and quarterly [1] Group 1: Product Launch and Market Demand - The launch of options contracts is a response to significant growth and increasing liquidity in Solana and XRP futures [2] - These contracts will cater to a wide range of market participants, from institutions to sophisticated individual traders, providing additional choice and flexibility [2] - The demand for institutional hedging tools for Solana and XRP has increased due to the rise of digital asset treasuries [2] Group 2: Trading Highlights - Since their launch, over 540,000 Solana futures contracts have traded, amounting to $22.3 billion in notional value [5] - In August 2025, Solana futures recorded an average daily volume (ADV) of 9,000 contracts ($437.4 million) and an average daily open interest (ADOI) of 12,500 contracts ($895 million) [5] - More than 370,000 XRP futures contracts have traded since launch, totaling $16.2 billion in notional value [5] - XRP futures achieved a record ADV of 6,600 contracts ($385 million) and a record ADOI of 9,300 contracts ($942 million) in August 2025 [5]