Ostium, a decentralized exchange founded by two Harvard graduates, has raised a $20 million Series A round led by the marquee venture outfit General Catalyst and the crypto arm of the quantitative trading firm Jump Trading, Kaledora Kiernan-Linn, cofounder and CEO, told Fortune. Ostium lets users bet on real-world assets like stocks, metals, oil, and some cryptocurrencies. Traders can take on higher risk through perpetual futures. Unlike traditional futures, these derivatives don't expire on a set date-assuming traders maintain the necessary margin requirements.
Cboe Global Markets, Inc. (Cboe: CBOE) announced it will begin offering Bitcoin Continuous Futures (PBT) on its Cboe Futures Exchange (CFE) starting December 15, pending regulatory approval. Ethereum Continuous Futures will also be offered. Earlier this year, CBOE had announced a November 10 start date but has since delayed the launch. These new futures are designed to give traders long-term exposure to bitcoin without some of the operational headaches of traditional futures. Each contract has a 10-year expiration and a daily cash adjustment, which means positions are automatically updated every day to reflect the underlying asset's price.
