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THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

OUTSIDE US

Coinbase has received approval from the Bermuda Monetary Authority to provide non-US retail customers with perpetual futures trading services. The announcement comes after the cryptocurrency exchange ramped up its institutional trading services and handled over $5.5 billion in futures trading volume in Q2 this year. The move is part of Coinbase's international strategy called “Go Broad, Go Deep”, which targets regulators in 24 countries where it plans to create a global regulatory framework.

RECORDS

IYK has been driving greater fan engagement over the last two years by bridging the gap between the digital and physical worlds with its fan experience platform. It embeds NFC chips in physical merch to “supercharge” these collector items. IYK has successfully partnered with the likes of Adidas and 9dcc to prove the concept. The company has now raised $16.8 million in funding from heavy hitters like a16z Crypto, Collab Currency, 1kx, and Lattice Capital to expand its platform.

VALKYRIE IS THE FIRST TO PROVIDE ETHER FUTURES EXPOSURE IN AN ETF

Valkyrie's Bitcoin Strategy ETF has successfully added ether futures contracts. Effective on October 3, the fund will formally alter its investment strategy, resulting in a name change to Valkyrie Bitcoin and Ether Strategy ETF. Other ETF issuers are expected to follow and launch their own ether futures offerings. Valkyrie's amended approach could allow them to launch earlier compared to proposed issues from other platforms.

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