The funding round, led by Three Arrows and DeFiance Capital, was also joined by Andreessen Horowitz and Polychain Capital.
The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.
As the crypto derivatives industry begins to take off, it needs to avoid the lack of transparency that plagued the industry in the 2000s, when the financial system collapsed.
The real-time settlement function went live on Dec. 29.
After getting in hot water with U.S. regulators last year, the exchange has rolled out mandatory verification for all users.
Chicago Mercantile Exchange now tops the list of the biggest bitcoin futures trading platforms, accounting for nearly 20% of all open interest.
The Financial Conduct Authority ban on the sale of derivatives and exchange-traded notes was passed in October.
OKEx launches real-time settlement for the trading of derivatives on its platform, allowing users to make withdrawals at any time.
FTX exchange has listed an Airbnb derivatives product ahead of the home rental giant's initial public offering today.
Cryptocurrency derivatives platform ErisX launched cash-settled bounded futures on Tuesday.
Globe announced a $3 million funding round from the likes of Pantera Capital, Y Combinator, Tim Draper and others.
Exchanges may consider markets for “Beacon chain ether” – that is, ether that’s been staked in the Ethereum 2.0 deposit contract.
Opium has closed a $3.25 million funding round for its BYOD (build your own derivative) platform
CME has risen to second place in terms of bitcoin futures open interest, passing Binance and BitMEX.
BitMEX is soon to offer futures contracts for DeFi project yearn.finance (YFI), Polkadot (DOT) and Binance coin (BNB).