Lewis Barber has filed a £20m High Court claim against BitMEX's operator, arguing UK crypto derivatives sold without FCA approval are void. His lawyers say thousands of non-professional UK investors may have lost money the same way, but the claim has not been served.
Perspective Coverage
6 publishers
- Builder
- Builder 12%
- Operator
- Operator 44%
- Investor
- Investor 44%
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+15
- Incentives50
- Confidence68
ASIC proposed on October 12 to extend its CFD product intervention order to 2037 and bring contracts settled in digital assets inside it. Feedback is due November 9, and the extension needs ministerial approval.
Perspective Coverage
4 publishers
- Builder
- Builder 16%
- Operator
- Operator 48%
- Investor
- Investor 36%
Reality
- Evidence72
- Adoption
- Not scored
- Hype gap+8
- Incentives
- Not scored
- Confidence74
CFTC staff give Coinbase Derivatives and Bitnomial 18 days to turn 38 crypto futures into true perpetuals
CFTC staff let Coinbase Derivatives and Bitnomial strip expiry dates from 38 crypto futures, under relief that lapses on June 30. Only contracts on assets with deep spot markets qualify, so the underlying assets decide how many of the 38 convert.
Reality
- Evidence42
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence38
Coinbase won CFTC registration for its own clearinghouse on September 28, ten months after applying, covering only fully collateralized contracts. Its margined book and planned stock perpetuals still clear through partners, so the leveraged trading that dominates crypto volume stays outside.
Perspective Coverage
6 publishers
- Builder
- Builder 23%
- Operator
- Operator 39%
- Investor
- Investor 38%
Reality
- Evidence80
- Adoption
- Not scored
- Hype gap+25
- Incentives60
- Confidence75
Coinbase won CFTC registration on September 28 for its own clearinghouse, limited to fully collateralized futures, options on futures and swaps. Its margined business and planned single-stock perpetual futures will keep clearing through outside partners.
Reality
- Evidence70
- Adoption
- Not scored
- Hype gap+25
- Incentives55
- Confidence65
Ondo tells the SEC and CFTC that stock perps are already legal
A comment letter argues a perpetual on a single US stock is just a security future without an expiry date, which would make the offshore equity-perp market a filing problem rather than a legislative one. CME says they are swaps.
Reality
- Evidence34
- Adoption38
- Hype gap+38
- Incentives86
- Confidence42
Cboe puts a 404% number on the gap between perps and 0DTE options
A Cboe paper says a 0.94% index slip paid 9.4% on a 10x short perpetual future and 404% on an at-the-money 0DTE put. The CFTC's Kalshi approval makes that distinction a regulatory question.
Reality
- Evidence32
- Adoption63
- Hype gap+34
- Incentives78
- Confidence34