CME and CBOE closes Bitcoin Futures July session

Trading platforms announce the July session closure with CME on July 27 and CBOE on July 18
21 June 2018   2388

CME Group is closing Bitcoin Futures July contracts (BTCN18) on July 27. Settlement date is set on August 1. At the moment of publication July contracts trade indicators are as follows:

Last trade price 6755
Price change +10
Total number of traded contracts 70

 

Cboe is finalizing its July contacts (XBT/N8) on July 18. The contracts trade parameters at the moment of publication are as follows:

Last trade price 6775
Price change +17.50
Total number of traded contracts 221

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   294

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.