Crypto exchange giant Binance has announced that is launching Binance Institutional – an advanced platform for institutional and VIP users.
The platform will offer over-the-counter (OTC) exchange services, algorithmic trading execution, advanced custody, broker products and a liquidity program for both spot and futures markets.
Binance is one of the only platforms expanding its workforce and hiring during the bear market, while most other exchanges have moved to reduce their employee count.
Publicly-traded crypto exchange Coinbase is set to launch its first derivatives product next week, via its "Coinbase Derivatives Exchange". The product will be Nano Bitcoin futures, allowing investors to buy futures contracts each worth one-hundredth of a BTC.
The contracts will be available through third-party retail brokers and clearing firms. Coinbase Derivatives Exchange was previously named FairX, a derivatives exchange which was purchased by Coinbase in January of this year.
Horizon, a cross-chain bridge to the Harmony blockchain network, has been exploited for almost $100 million in Ether. The attack occurred yesterday morning, with the Harmony team moving to notify exchanges and halt the bridge to prevent any further transactions.
The Bitcoin bridge remains unaffected and assets stored in decentralized vaults are safe. Harmony is an Ethereum Virtual Machine (EVM) compatible blockchain network with a $300 million market cap.
