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The crypto trading platform plans to add options for SOL, XRP, and MATIC starting January 2024. Crypto derivatives exchange Deribit is seeking to apply for a brokerage license in the European Union roughly a year after the platform suffered a $28 million hack. In an interview with Bloomberg, Deribit CCO, Luuk Strijers, said the EU is currently considered by the exchange as the “best environment to launch new products,” although in early 2023 reports said the business was planning to move to Dubai. “Is this the best environment to launch new products or should we defer? That’s what keeps us awake.” Luuk Strijers, Deribit CCO He also added that the firm is expecting “some increased volatility” in early 2024 as Deribit plans to launch new options on Solana (SOL), XRP, and Polygon (MATIC) — altcoins, which have been classified as a security by the U.S. Securities and Exchange Commission. As of press time, Deribit offers Bitcoin (BTC) and E...

Jacobi FT Wilshire Bitcoin ETF has been defined as an Article 8 fund by its issuer firm. The first-ever spot Bitcoin exchange-traded fund (ETF) launched on the European market has been classed as an Article 8 fund by its issuer firm, London-based Jacobi Asset Management. Funds included under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are those that “promote environmental and/or social characteristics.”  On Aug. 29, Bloomberg reported that Jacobi Asset Management had classified its Jacobi FT Wilshire Bitcoin ETF as an Article 8 fund. The fund, launched on the Amsterdam stock exchange on Aug. 15, becomes the first Bitcoin ETF traded in Europe, and the first to have the European Union’s environmental , social and governance investing rules applied. Related: Hashdex joins race for spot Bitcoin ETF with unique strategy The report cites Martin Bednall, the CEO of Jacobi, who is calling the ETF “fully decarbonized” for its partial investments in renewabl...

The CEO of Btc. x mentioned the possibility of governments deeming the MiCA framework inadequate, leading to a two-sided power dynamic. Christian Anders, the CEO of Btc. x has said that despite the Markets in Crypto Assets (MiCA) being signed into law, the European Union (EU) might need to do a lot of more lobbying of different regulators in Europe and work with the different governments. In an interview with Cointelegraph, Anders noted that for the crypto framework stated in MiCA to be accepted in most European countries like Sweden, a bit of “pushing” might be required. He stated that MiCA gives the crypto industry a framework to operate with and is expected to bring clarity. Anders noted that crypto exchanges eagerly await the full implementation of the MiCA framework, while acknowledging that governments like Sweden are reluctant to issue new licenses for crypto companies. He emphasized that while these governments cannot halt the framework, they can delay its progress. Furthe...

French banking giant, Societe Generale’s crypto division , SG Forge, is the latest firm to get regulatory approval from the AMF (Autorité des Marchés Financiers). According to AMF’s website, SG Forge is authorized to offer buying , selling, trading, and custody of digital assets from September 27th. Societe Generale is the latest to join the list of crypto firms that have obtained digital asset service provider (DASP) registration in France. Binance and Crypto.com are among the other firms that have been approved by the AMF. Societe Generale is one of the largest financial institutions in the world. The bank’s cryptocurrency service approval should ideally pave the way for more cryptocurrency adoption in the country. Uptick in European Crypto Adoption Recently European diplomats approved the text of their MiCA (Markets in Crypto Assets Regulation) legislation. The law will now have to be approved by the European Parliament, before being enacted. However, t...