Schlagwort: crypto business

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Kraken expands regulated derivatives in Europe with Bitcoin and Ethereum collateral

  • The feature applies to more than 150 perpetual futures markets available to European users.
  • The exchange operates under MiCA and MiFID II regulations, with oversight from Ireland and Cyprus.
  • Kraken’s third-quarter revenue rose by 50% to $648 million following its acquisition of NinjaTrader.

Kraken has expanded its regulated derivatives offering in the European Union, allowing traders to use Bitcoin, Ethereum, and approved stablecoins as collateral for perpetual futures on Kraken Pro.

Announced on 3 November, the move makes Kraken one of the first licensed exchanges in Europe to support crypto-collateralised derivatives under the Markets in Crypto-Assets (MiCA) framework.

The feature strengthens Kraken’s position in Europe’s digital asset market by combining capital efficiency with regulatory compliance.

By allowing clients to post crypto assets instead of converting them into fiat, the exchange provides faster access to liquidity while remaining under strict oversight from European regulators.

Crypto as margin on Kraken Pro

European traders can now use Bitcoin, Ethereum, or select stablecoins as margin across more than 150 perpetual futures markets.

Collateral is converted to USD for liquidation and margin calculations, standardising risk management while maintaining crypto exposure.

Kraken’s operations are covered by its MiCA licence from the Central Bank of Ireland and supervision by the Cyprus Securities and Exchange Commission.

The exchange uses volatility-based margin haircuts to manage exposure to price swings. All custody arrangements comply with the Markets in Financial Instruments Directive II (MiFID II), ensuring full investor protection under European law.

The feature allows traders to access up to 10x leverage using crypto collateral. It reflects Kraken’s ongoing strategy to align its trading products with Europe’s unified digital asset rules ahead of MiCA’s full rollout in 2025.

A shift in EU derivatives

Kraken’s expansion comes at a time when Europe is tightening oversight of crypto products while promoting innovation through consistent regulation.

By offering crypto-collateralised futures under direct supervision, the exchange positions itself at the forefront of compliant derivatives trading in the EU.

The integration benefits institutional and retail traders seeking efficient and legally sound ways to trade leveraged crypto products.

Hedge funds and corporate treasuries can now operate within clear regulatory limits, signalling the increasing maturity of Europe’s digital derivatives market.

This move also strengthens the region’s financial infrastructure. Transparent liquidation procedures and regulated custody standards align digital assets with traditional financial norms, helping reduce risk and improve trust.

As other licensed exchanges follow Kraken’s lead, the EU could become a global hub for compliant digital asset trading.

Growth supports expansion

The announcement follows a strong financial quarter for Kraken. The exchange reported revenue of $648 million in the third quarter, a 50% rise from the previous quarter.

The increase was driven by higher trading volumes and new product integrations following the acquisition of NinjaTrader, a futures and forex trading platform.

This momentum underlines Kraken’s ability to grow while maintaining regulatory standards. By embedding compliance into its strategy, the company is building credibility and scale in an increasingly regulated environment.

As MiCA rules continue to take effect, exchanges that prioritise both innovation and compliance are expected to capture greater institutional interest.

Kraken’s integration of crypto collateral into a regulated derivatives framework demonstrates how digital assets can function securely within Europe’s financial system.

The development marks a shift from speculative trading to a more structured market, where transparency and protection guide participation.

For the European Union, this represents progress toward establishing a regulated, sustainable, and globally competitive digital asset economy.

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BitMine doubles down on Ethereum as ETH holdings hit 3.4 million

  • BitMine buys 82,353 Ethereum tokens as holdings reach 3.4 million.
  • Crypto and cash treasury stands at $13.7 billion.
  • BitMine hits 2.8% of the targeted 5% of the Ethereum supply.

BitMine Immersion Technologies, a leader in cryptocurrency mining and advanced cooling solutions, has significantly bolstered its position in the digital asset space.

The company has revealed a substantial increase in its Ethereum (ETH) reserves.

BitMine ETH holdings hit 3.4 million

BitMine’s increasing commitment to Ethereum is again evident following another buy-the-dip move.

Despite price declines, the publicly-listed company has bumped up its holdings to become the world’s second-largest corporate treasury strategy.

Thomas Lee of Fundstrat, and chairman of BitMine, noted:

“We increased our cash holdings to $389 million (from $305 million) and acquired 82,353 ETH tokens over the past week pushing our ETH holdings to 3.4 million, or 2.8% of the supply of ETH. We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH.”

BitMine now owns 2.8% of the ETH supply, a milestone that sees the company surpass the halfway mark of the targeted 5%.

BitMine has amassed its ETH holdings strategically over the past several months, capitalising on ETH’s low price and growing ecosystem.

When combined with its Bitcoin reserves of 192 BTC valued at $62 million, and cash of $389 million, BitMine’s overall crypto and cash holdings have surged to $13.7 billion.

Interest in ETH is growing

BitMine is among a growing number of publicly listed firms shifting away from their traditional operations, including cryptocurrency mining, as they diversify in response to broader digital asset adoption.

Wall Street has seen a marked increase in such pivots, with several companies aiming to emulate the approach that established Strategy as the world’s leading corporate crypto treasury.

Analysts note that BitMine’s move, along with similar strategies by peers, reflects rising institutional interest in the sector.

The approval of Ethereum exchange-traded funds in 2024 has drawn billions of dollars into the asset, while corporate treasury strategies — particularly those involving staking in tokens like ETH and SOL — have emerged as the next phase in the digital asset expansion.

BitMine’s milestone reinforces Ethereum’s enduring appeal, potentially setting a benchmark for peer firms eyeing similar diversification.

And Lee says the recent price dip offered a reset that could prove key for the Ethereum price.

“Crypto suffered its largest ever liquidation event on October 10th, and open interest on ETH (per coinalyze.net fell -45% in the past 8 weeks (the largest ever decline in the history of ETH). This reset is healthy and sets the stage for price and fundamentals to eventually converge,” Lee stated.

Ethereum’s price hovered at $3,622 on November 3, 2025, down 6% in the past 24 hours and 14% in the past week.

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Dogecoin dips by 7% as whale interest fades; Check forecast

Key takeaways

  • DOGE is the worst performer among the top 10 cryptocurrencies by market cap, down 7.5% in the last 24 hours.
  • The bearish performance comes as BTC and other major cryptos underperform.

DOGE leads the market flush

The cryptocurrency market has underperformed over the weekend, with Bitcoin’s price dropping below the $108k mark. As usual, memecoins suffered the heaviest blow, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) all recording huge losses in the last 24 hours. 

On-chain and derivatives data suggest that large wallet investors and retailers are reducing their risk exposure to Dogecoin and other leading memecoins, boosting the supply pressure. 

Data obtained from CoinGlass shows the futures Open Interest (OI) for Dogecoin, the notional value of all outstanding futures contracts, is down by 2% over the last 24 hours, reaching $1.70 billion. A decline in OI value suggests that the traders are reducing risk exposure by lowering leverage or closing positions. 

Furthermore, on-chain data reveal that interest from large wallet investors is decreasing in memecoins. DOGE investors with over 100 million tokens have remained flat since the start of the month. 

DOGE could retest the monthly support at $0.15

The DOGE/USD 4-hour chart is bearish and inefficient as the memecoin has failed to rally in recent weeks. The technical indicators are extremely bearish at the moment, suggesting further selling pressure.

At press time, DOGE is trading at $0.175, down 7.5% in the last 24 hours. The bulls failed to hold the price above the $0.17816 support level, marked by the October 11 low, with current price action suggesting further downward movement. 

Dogecoin price by TradingView

A daily close below this level could see DOGE dip towards the $0.15009 level, marked by the October 10 crash. The MACD lines are within the negative territory, while the RSI of 40 both suggests a bearish bias. 

However, if the bulls push DOGE’s price above the $0.17819 level by the end of the day, the memecoin could hit Sunday’s high at $0.18884 over the next few hours.

The post Dogecoin dips by 7% as whale interest fades; Check forecast appeared first on CoinJournal.

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Bitcoin price forecast: BTC could face further correction as momentum weakens

Key takeaways

  • BTC is down 3% in the last 24 hours and is now trading below $108k.
  • The bearish performance comes as momentum in the market continues to weaken.

Bitcoin slips below $108k

The cryptocurrency market is opening the weekly candle bearish, with Bitcoin and other major cryptocurrencies suffering huge losses in the last 24 hours. Bitcoin has lost 3% of its value since Sunday and is now trading at $107,500 per coin.

Other leading cryptocurrencies, including Ether, XRP, and BNB, are all trading in the red as momentum in the market continues to weaken. 

BTC’s price faced rejection at the 78.6% Fibonacci retracement level at $115k last week as the Fed rate cut failed to spur a rally. It has lost over 7% of its value since then and could dip lower if the bearish trend continues. 

The recent bearish trend comes as the Fed chair Jerome Powell quenched expectations of a December rate cut during his press conference last week. According to Powell, the tariffs continue to affect prices, and this could see the Fed leave interest rates unchanged for a while.

BTC could dip below $107k as bearish momentum strengthens

The BTC/USD 4-hour chart remains bearish and efficient as Bitcoin has lost 3% of its value in the last 24 hours. The technical indicators are currently bearish, with further selling pressure expected in the market.

The RSI of 45 is below the neutral 50, suggesting that sellers are currently in control of the market. The MACD lines are also below the positive zone, indicating a bearish bias.

Bitcoin price by TradingView

If the selloff continues, Bitcoin’s price could drop to the $106k level over the next few hours. An extended bearish trend would see BTC drop to he major support level at $103,571.

However, if the bulls regain control of the market, Bitcoin could reclaim the first major resistance level at $111,370. Last week’s high of $116,447 remains unlike at the moment due to the heavy selling pressure.

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Bitcoin holds $110k as cautious calm returns to crypto markets

  • Bitcoin is trading steadily around $110,300 as markets consolidate.
  • Traders have largely paused adding new risk after the recent Fed meeting.
  • Bitcoin dominance has risen to approximately 60% of the total crypto market.

With Bitcoin holding steady above the key $110,000 level as traders consolidate positions and reassess risk following last week’s hawkish signals from the US Federal Reserve, a cautious calm settled over cryptocurrency markets at the start of the week.

While the market has stabilized after a volatile period, underlying data from the derivatives and credit markets suggests that a “wait-and-see” approach is now the dominant strategy, with investors looking for a fresh catalyst to dictate the next major move.

As the business week began in Hong Kong, Bitcoin was trading around $110,300, while Ether held near $3,880. Both assets remain down significantly over the past 30 days, by 10% and 14% respectively.

According to market maker FlowDesk, clients have largely “paused adding new risk” after the Fed meeting, with market activity dominated by short-term trading and portfolio rebalancing.

Despite the caution, FlowDesk noted that traders showed net buying in tokens with strong underlying fundamentals like BTC, HYPE, and SYRUP, even as Solana-linked assets lagged.

This deleveraging has left many traders “underexposed if the market rebounds,” suggesting a cleaner market position, the firm wrote.

Fear lingers in the derivatives market

While spot markets appear calm, the derivatives space still shows signs of fear. According to CoinGlass data, approximately $155 million in crypto derivatives were liquidated in the past 24 hours.

The split, with $97 million in long positions and $58 million in shorts being wiped out, points to a moderate flush of overleveraged bullish bets rather than broad panic selling.

FlowDesk observed “elevated put skew and lingering caution despite calmer volatility,” indicating that traders are still buying downside protection.

This cautious positioning, dominated by put buying and call selling, could present an opportunity if the market stabilizes.

“Cheap risk reversals could appeal if spot markets stabilize,” FlowDesk wrote, adding that volatility will likely “drift lower into year-end.”

Gold holds gains despite hawkish Fed

In the broader macroeconomic picture, gold is holding onto its recent gains despite headwinds from the Fed.

The precious metal closed Friday at about $4,003 per ounce, posting a 3.7% gain in October for its third consecutive monthly rise.

Despite hawkish comments from the Federal Reserve and a stronger dollar that have reduced the odds of a December rate cut, haven demand for gold remains strong.

Persistent geopolitical tensions and ongoing U.S. fiscal uncertainty have continued to support the metal’s appeal as a stable asset.

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