Bybit challenges Wall Street with a massive push into tokenized U.S. stock IPOs

Bybit, the world’s second-largest crypto exchange by trading volume, has joined the tokenization race to capture the highly-anticipated public listing of SpaceX later this week with its new Bybit IPO Express service. The Dubai-based exchange is the second crypto exchange to offer tokenized initial public offerings (IPO) following Kraken. Its parent company Payward said it…

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CME is letting traders bet on bitcoin volatility, not price, and two firms have already placed bets

CME’s bitcoin BTC$62,945.93 volatility index futures began trading last week, offering investors a new way to trade and hedge price volatility. DV Chain and Monarq Asset Management executed the first block trades, kicking off trading in the contracts. These volatility contracts track the CME CF Bitcoin Volatility Index (BVX), which represents the market’s expectations for…

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