{"id":127811,"date":"2025-04-23T21:16:20","date_gmt":"2025-04-23T21:16:20","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127811"},"modified":"2025-04-23T21:16:20","modified_gmt":"2025-04-23T21:16:20","slug":"us-exchanges-bet-big-on-crypto-derivatives-amid-tariff-turbulence","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127811","title":{"rendered":"US exchanges bet big on crypto derivatives amid tariff turbulence"},"content":{"rendered":"

Source: Cointelegraph.com NewsUnited States exchanges are betting big on cryptocurrency derivatives as market turbulence from US President Donald Trump\u2019s looming trade war propels demand for the financial instruments.\u00a0
\nSince late 2024, exchanges including Coinbase, Robinhood, Kraken, and the Chicago Mercantile Exchange (CME) Group have been listing new types of crypto derivatives and mulling multibillion-dollar acquisitions as they vie for control of the burgeoning market.\u00a0
\nIn April, the stakes became even higher after Trump\u2019s unveiling of sweeping tariff plans sent financial markets into a frenzy and spiked crypto derivatives trading volumes.\u00a0
\n\u201cInstitutional and sophisticated retail traders are increasingly turning to crypto derivatives platforms to navigate macroeconomic risks and uncertainty brought on by escalated tariff policies and global trade tensions,\u201d David Siemer, CEO of asset manager Wave Digital Assets, told Cointelegraph.\u00a0
\nConsequently, US exchanges are \u201cexperiencing record-breaking surges in trading activity and are expanding their investment offerings with the promise of regulatory clarity,\u201d Siemer said.
\nNet open interest in Bitcoin futures rose sharply in April. Source: CoinalyzeRelated: Coinbase launches CFTC-regulated SOL futures in US
\nTrump spikes trading activity
\nCrypto derivatives trading activity took off in 2024 after Trump\u2019s November election victory sent exchange volumes to record highs.\u00a0
\nIn December, Coinbase said trading activity on its derivatives exchange rose by more than 10,000% year-over-year.\u00a0Similarly, CME Group flagged crypto derivatives as among the exchange\u2019s fastest-growing product segments during its 2024 earnings call.\u00a0
\nTrump\u2019s tariff plans, announced April 2, further accelerated trading activity. As of April 23,\u00a0net open interest in Bitcoin (BTC) futures, the most popular crypto derivatives, rose by approximately 30% from the start of the month, according to data from Coinalyze.\u00a0
\nFutures contracts are standardized agreements to buy or sell an underlying asset at a future date, often using leverage in a bid to enhance returns.\u00a0
\nKraken bought NinjaTrader in March. Source:\u00a0KrakenHeated competition
\nBurgeoning trading volumes are fueling competition among exchanges.\u00a0
\nSince February, Coinbase has launched several new crypto derivatives products, including futures contracts tied to altcoins such as Solana (SOL) and XRP (XRP).
\nMeanwhile, Robinhood listed Bitcoin futures \u2014 its first crypto derivatives contracts \u2014 in February and, in March, CME Group listed its first Solana futures contracts.\u00a0
\nThe CME SOL futures clocked upward of $12 billion in volume during the first day of trading, the exchange told Cointelegraph.\u00a0
\nAdditionally, exchanges are turning to mergers and acquisitions to hasten growth.\u00a0
\nCoinbase is reportedly in talks to buy crypto derivatives exchange Deribit in a multibillion-dollar bid to expand its footprint in the market segment.\u00a0
\nIn March, US crypto exchange Kraken agreed to buy NinjaTrader, a futures exchange, for $1.5 billion.
\n\u201cThe recent wave of tariffs has transformed crypto derivatives exchanges into critical market infrastructure,\u201d Nic Roberts-Huntley, CEO of Web3 developer Blueprint Finance, told Cointelegraph.\u00a0
\n\u201cWhile traditional markets faltered under tariff pressures, derivatives platforms have inversely flourished, serving both as speculative venues and protective hedging mechanisms in a fragmenting global trade landscape,\u201d Roberts-Huntley said.
\nMagazine:\u00a0Trump\u2019s crypto ventures raise conflict of interest, insider trading questionsRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsUnited States exchanges are betting big on cryptocurrency derivatives as market turbulence from US President Donald Trump\u2019s looming trade war propels demand for the financial instruments.\u00a0 Since late… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127811"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127811"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127811\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127811"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}