Europe’s largest digital asset investment firm CoinShares has announced a partnership with leading cryptocurrency exchange FTX Global to launch the world’s physically-backed exchange-traded product (ETP) for Solana (SOL). Designed to share the staking rewards in a transparent way, the physically settled Solana ETP will launch with 1 million SOL worth $91 million (at the time of writing) in assets under management (AUM). The staking rewards for the Solana product have been set at 3% per annum while the management fee is reduced to 0% yearly. “CoinShares has a proven track record of providing European investors with innovative and regulated crypto-asset investment vehicles for close to a decade, making them the obvious choice to collaborate with for institutional offerings. We’re excited to work alongside CoinShares to give investors access to the Solana ecosystem and we look forward to collaborating further on additional offerings,” said Sam Bankman-Fried, FTX CEO. [1/5] We are excited to announce that we've partnered with @FTX_Official and our first initiative is to launch a physically staked Solana ETP with SOL1mn seed capital, Staking Rewards of 3.0% p.a, and a reduced management fee of 0.0% p.a. pic.twitter.com/dCq5H2CH1c — CoinShares 👩‍🚀 (@CoinSharesCo) March 23, 2022 Bridging the Gap Between TradFi and Crypto The collaboration with FTX continues CoinShares mission of bridging the gap between traditional finance and digital assets in a secured, transparent and familiar manner. CoinShares FTX Physical Staked Solana will be listed on Germany’s main market Xetra. With the new product, the company has now officially launched four ETPs this year.

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Four-time Grand Slam champion - Naomi Osaka - joined FTX as a global ambassador to guide more women into the crypto universe.

Sam Bankman-Fried is frustrated with the overall perception of the cryptocurrency industry amid the ongoing war between Russia and Ukraine.

Dubai’s Virtual Asset Regulatory Authority has licensed two cryptocurrency exchanges: Binance and FTX. The regulator was formed last week when Dubai approved its first law to regulate crypto assets. Dubai Licenses Binance and FTX Cryptocurrency exchanges FTX and Binance have been licensed by Dubai’s Virtual Asset Regulatory Authority (VARA). The regulator was established last week […]

Binance, Kraken, and Coinbase have refused blanket bans on Russian users, citing libertarian values. FTX has already cut off Russian banks.

The post FTX chief ‘frustrated’ with crypto’s anti-regulatory messaging over Russia appeared first on Protos.

Exchanges FTX and Binance acquire licenses in the Middle East after getting regulatory approval from Dubai and Bahrain so let’s read more in today’s latest cryptocurrency news. Crypto exchanges FTX and Binance announced they acquired new licenses to operate in Dubai and Bahrain. FTX’s European Affiliate – FTX Europe and MENA announced that they acquired […]

Payment processing firm Stripe is now offering tools and services to cryptocurrency-focused businesses. In a new use-case announcement, Stripe says it’s making a wide suite of solutions available to the crypto industry, including accepting fiat currencies, identity verification and protection against fraud. Stripe co-founder and CEO John Collison took to Twitter to share some of […]

The post Payments Giant Stripe Launches Crypto Business Support appeared first on The Daily Hodl.

The crypto exchange's proposal features several unique ways of approaching trading, particularly disintermediation of clearing and altering margin levels in real time. 

The post CFTC opens up FTX US’s derivatives trading model to public comment appeared first on The Block.

Crypto exchange FTX Europe partnered with Tomorrowland to bring NFT and Web3 opportunities to music fans.

New sports sponsorship deals by crypto companies increased by 1,100% between 2019 and 2021.

The post Crypto Sponsorship in Sports Projected to Reach $5 Billion by 2026 appeared first on BitcoinChaser.

The expansion into Europe is a timely one for FTX, which launched its US subsidiary business two years ago. (Read More)

The Exodus wallet is a multicurrency cryptocurrency wallet that has generated a great deal of buzz since its launch back in 2016. It is a well-designed wallet that is aesthetically pleasing and packed with numerous features such as an option that allows users to stake assets directly within the wallet to earn passive income, and […]

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