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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto derivatives have been enjoying widespread popularity among investors, especially institutional clients. In July 2023, their trading volume on centralized exchanges surged 13% to $3.12 trillion compared to the previous month, meaning derivatives account for 69% of total cryptocurrency volumes, which also includes spot market trades. You might also like: Crypto 2023 in review: the most significant events that shaped the industry Yet, despite the growth of crypto derivatives and their potential to onboard institutional investors, regulatory complexities have introduced numerous challenges for market players. Regulatory landscape for crypto derivatives While traditional derivatives are regulated in most jurisdictions, many nations lack the appropriate legislation for their digital asset variants. Regulatory uncert...

Cryptocurrency exchange Binance US has withdrawn FDIC insurance for user funds. The exchange faces regulatory heat from the US Securities and Exchange Commission (SEC). The SEC lawsuit ramifications are spilling over. In a significant policy change, Binance US, the American arm of the global cryptocurrency exchange Binance, has revoked FDIC insurance coverage for user funds. The move comes amid an ongoing legal battle with the US SEC, which has accused the exchange of violating federal securities laws. The FDIC insurance withdrawal Binance US users were previously covered by FDIC insurance , providing a level of protection for their cryptocurrency holdings. However, following an update in their terms of service, the exchange has informed users that their crypto deposits are no longer insured by the Federal Deposit Insurance Corporation (FDIC). The updated terms explicitly state, “Digital Assets are not legal tender, are not backed by any government,...

Despite ongoing crypto crackdowns, the price of BTC briefly tipped over $29,132.82 on March 30, clocking a new high for 2023. The price of Bitcoin (BTC) briefly tipped over $29,000 on March 30, recording a new high for the 2023 year, despite recent United States regulatory crackdowns on crypto firms and related uncertainty.  According to Cointelegraph Markets Pro, the price of Bitcoin reached $29,132.82 on March 30, reaching levels seen just before the collapse of cryptocurrency exchange FTX in early November. Bitcoin's price over the last 24 hours. Source: Cointelegraph Markets Pro The increase comes despite a range of regulatory crackdowns in recent days, such as the United States Commodity Futures Trading Commission suing Binance and its CEO Changpeng "CZ" Zhao on March 27. Bitcoin's price resilience in the wake of such a bombshell development drew surprise from many industry commentators. Some believe this is due to speculation the lawsuit will only result in...