Do Kwon, the South Korean founder of Terraform Labs, has been extradited to the United States. Authorities in the country accused Do Kwon of orchestrating a multi-billion dollar crypto fraud following the collapse of his company’s Terrausd and Luna cryptocurrencies in 2022. The collapse caused billions of dollars in losses across the market. Do Kwon
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FalconX Acquires Arbelos Markets to Expand Derivatives Market
Digital asset prime broker FalconX has announced its acquisition of Arbelos Markets, a crypto derivatives-focused trading firm. FalconX already runs FalconX Bravo Inc., the first Commodity Futures Trading Commission (CFTC) approved swap dealer focused on cryptocurrency derivatives. FalconX Focused on Crypto Derivatives Market Expansion The broker moved to expand its derivatives business and strengthen its position among other cryptocurrency derivatives dealers. For the effectiveness of their alliance and integration, each firm presents its ‘strength.’ For more context, the deal combines Arbelos’s systematic trading expertise and FalconX’s broad client base, large balance sheet, and regulatory leadership. FalconX CEO Raghu Yarlagadda believes their fusion could help the company tackle the growing demand for complex trading strategies and bespoke products. “Together, we hope to set a new standard for transparency, scale, and innovation in digital asset markets,” he said. Impact of Arbelos Acquisition on FalconX Ordinarily, Arbelos Markets prides itself on its cross-market capability, which provides access to liquid trading opportunities. According to FalconX’s statement release, this cuts across crypto-native venues, traditional venues, and on-chain protocols. Therefore, its acquisition will help FalconX to further deliver deeper liquidity and bespoke derivatives solutions. It could equally offer a broader range of trading strategies. Speaking of the acquisition, Arbelos Markets CEO Joshua Lim acknowledged that “Joining forces with FalconX achieves our shared mission of offering deep market liquidity, creative risk-expression strategies and hedging tools, and transparency to the crypto derivative markets.” Institutional Investors’ Crypto Adoption Continues to Grow Notably, this coincides with a season where there is significant growth in the rate of institutional investors’ adoption of cryptocurrencies . MicroStrategy, one of the top institutional investors, has maintained its Bitcoin acquisition strategy. The software intelligence firm purchased an additional 2,138 BTC for $209 million in the week ending December 29. This Much of this growing demand could be attributed to positive regulatory momentum, the growth of Exchange Traded Funds (ETFs), and the derivatives markets. Similarly, Nexo’s chief product officer, Elitsa Taskova, cited “increasing recognition of bitcoin as a reserve asset, more bitcoin and crypto-related exchange-traded products (ETPs) and stronger adoption” as drivers of the current growth. The post FalconX Acquires Arbelos Markets to Expand Derivatives Market appeared first on TheCoinrise.com . Bitcoin.com
Ring In the New Year with ETH, SOL, and PEPETO For 50x Growth
With the new year almost here, crypto enthusiasts eagerly anticipate a fresh wave of market Bitcoin.com