| | | |

Bitcoin and NASDAQ composite index correlation drops to 2-year low

New data from Kaiko on July 11 indicates that the correlation between Bitcoin and the Nasdaq Composite Index is at a two-year low. The correlation coefficient between these two assets dropped to less than 1% in early July. At that level, it’s at the lows of July 2021. The NASDAQ Composite Index tracks the performance…

| | | |

Bitcoin Depot on Nasdaq

The acquisition deal for the special-purpose company, first reported in August 2022, cost $885 million and is expected to allow investor exposure to Bitcoin Depot common stock. Bitcoin Depot, one of the largest cryptocurrency ATM companies in the United States, has announced the closing of a merger agreement allowing the company to go public. In…

| | | | | | | |

Coinbase Acquires Fairx Exchange to Make Derivatives Market Accessible to Millions of Retail Clients

Nasdaq-listed cryptocurrency exchange Coinbase has acquired a regulated derivatives trading platform. Coinbase plans to make the derivatives market more accessible to millions of its retail clients. Coinbase plans to offer crypto derivatives to all US customers. Coinbase, a Nasdaq-listed cryptocurrency exchange, announced Wednesday that it has acquired Fairx, a regulated derivatives trading platform. Fairx is…