Cryptocurrency33 minutes ago (Sep 28, 2021 04:00AM ET)
Genesis tests end-of-day pricing for institutional crypto futures product
Cryptocurrency brokerage firm Genesis Global Capital has announced the completion of a first-of-a-kind trade that will pave the way for new institutional crypto futures products.
Genesis has executed the first-ever over-the-counter (OTC) block trade of a Basis Trade at Index Close (BTIC) transaction using futures contracts issued by the Chicago Mercantile Exchange (CME). The trade was made in collaboration with derivatives market maker Akuna Capital according to a Sunday announcement.
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