February 11 News, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has officially launched a series of cryptocurrency futures products linked to the CoinDesk benchmark indices, marking a new phase in the regulated market’s deployment of digital asset derivatives. These contracts are settled in US dollars cash, providing institutional investors with a compliant channel to participate in the volatility of mainstream crypto markets such as Bitcoin and Ethereum without directly holding or custodying the assets.
ICE stated that this batch of futures was first announced externally on January 9 and has begun trading this week. It includes a wide range of market contracts linked to the CoinDesk 20 and CoinDesk 5 indices, as well as single-asset futures tracking the price performance of Bitcoin, Ethereum, Solana, XRP, and BNB. Since these products do not involve physical delivery, they are more aligned with traditional institutions’ risk management and asset allocation needs.
More notably, ICE plans to launch USDC futures based on the CoinDesk overnight rate, with a one-month term, currently awaiting regulatory approval. This rate is derived from decentralized finance lending markets, reflecting on-chain real funding costs, and is logically similar to traditional overnight benchmark rates such as SOFR. This means that in the future, traders will not only be able to bet on price movements but also price the liquidity, borrowing costs, and capital tightness of the crypto market.
Industry experts believe that this move is reshaping the financial attributes of digital assets, gradually transforming them from mere speculative targets into market tools with comprehensive financing and credit pricing functions. ICE also pointed out that the CoinDesk indices are currently linked to hundreds of billions of dollars in assets, with the CoinDesk 20 weighted by market capitalization, covering most of the digital asset market performance.
As regulated derivatives and DeFi interest rate mechanisms merge, the boundary between traditional capital and on-chain finance is being redefined, and the pricing system of the crypto market is expected to move toward a more mature stage.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Breaks Through $72,000: The Iran–Israel ceasefire boosts risk assets, with $427 million in short positions liquidated, but Polymarket shows disagreement on end-of-year outlook
Bitcoin broke through $72,000 on April 10, mainly due to a fragile ceasefire agreement between the U.S. and Iran that boosted market risk appetite, with funds flowing from safe-haven assets into Bitcoin. Increased institutional inflows and a rebound in Large Investors’ holdings are driving the price higher. Technical analysis shows that the main resistance lies in the $72,200 to $73,500 range. Despite a bullish outlook in the short term, there is still disagreement over forecasts for Bitcoin’s price by year-end, and the risk of a pullback also needs to be watched.
ChainNewsAbmedia1h ago
Bitcoin sees over 27k options contracts expire! Analyst: Bear market characteristics continue to dominate
According to Greeks.live data, April 10 saw BTC and ETH options expire. For BTC options, the number of contracts was 27,000, the Put/Call Ratio was 0.71, and the maximum pain point was $69,000. For ETH, it was 151,000 contracts, and the Put/Call Ratio was 0.77. The analysis indicates that market characteristics are skewed bearish, and falling implied volatility suggests the market expects less short-term volatility. Despite the recent rebound, internal momentum in the market has not formed, and no clear sentiment shift has been observed.
MarketWhisper1h ago
Today, BTC and ETH options with a nominal value of $2.27 billion expire, and the IV index drops sharply
On April 10, 27k BTC options and 151k ETH options expired, with Put Call Ratios of 0.71 and 0.77, respectively. Bitcoin broke above $72,000 on news of a U.S.-Iran ceasefire, but the overall market is still in a correction phase, and implied volatility has fallen significantly.
GateNews2h ago
BlockBeats releases March trading platform data: spot trading volume down 21.35%, futures trading volume down 6.14%
Gate News message, on April 10, BlockBeats released the March trading platform rankings. The data shows that in March 2026, the spot trading volume of major CEXs decreased by 21.35% compared with February, and the perpetual futures trading volume decreased by 6.14% compared with February. In the same period, the perpetual futures trading volume of major Perp DEXs decreased by 9.35% compared with February, while website traffic increased by 26.58%.
GateNews2h ago
CME Group’s crypto derivatives will begin “24/7 trading” at the end of May, and will also launch two crypto futures contracts simultaneously
CME Group will begin offering 24/7 trading for crypto futures starting May 29, and will also add AVAX and SUI futures, showing that traditional finance is rapidly approaching the crypto market. This move not only meets market demand for round-the-clock trading, but also serves as a test of whether traditional financial assets can operate 24/7 in the future. The new futures contracts will provide more flexible options and capital efficiency, further expanding CME Group’s crypto product lineup.
CryptoCity2h ago
A giant whale deploys a $53.0 million position of going long 多BTC空HYPE and shorting HYPE; as HYPE rises today, it results in a daily loss of $9.0 million.
A giant whale recently deployed large-scale hedging positions on-chain, including $30.4 million in BTC long positions and $23.2 million in HYPE short positions, for a total size of about $53 million. As HYPE rises, this portfolio faces losses, with a net loss of roughly $300k. Previously, this address profited $37.1 million across a variety of altcoins using a similar strategy.
GateNews2h ago
