In crypto today, Singapore’s dtcpay welcomed SBI Group as a strategic investor, ECoinbase filed with the CFTC to bring single-stock perpetual futures to US traders, and Binance dismissed a report that ECB President Christine Lagarde interfered in its failed Greek crypto license bid.
Dtcpay welcomes SBI Group as strategic investor in Series A expansion to $25M
Singapore payments company dtcpay completed a $25 million Series A funding round led by Vertex Ventures Southeast Asia and India in April and is now further anchored by Japanese financial conglomerate SBI Group.
The round also saw participation from Zendant Capital and existing investor Qi Leong Tech.
The investment reflects institutional confidence in dtcpay’s vision to make stable coins as seamless and accessible as traditional financial services. said Friday
“We didn’t raise this round to sustain what we’ve built. We raised it to change how money moves across borders,” said Alice Liu, Founder and CEO of DTCPay.
Dtcpay has made a series of early moves into the stablecoin payments space, and now the dtcpay Visa Card enables spending across both fiat and stablecoins at over 150 million merchant locations worldwide.
Coinbase files to bring single-stock perpetual futures to US market
Coinbase has filed with the Commodity Futures Trading Commission to list Single-stock perpetual futures In the US, a derivative product widely used in the crypto market is looking to bring in individual US equities.
D FilingA Friday filing by Coinbase Derivatives seeks regulatory approval for the deal that would give U.S. traders 24/5 exposure to individual stocks without owning the underlying shares. Perpetual futures differ from traditional futures contracts in that they never expire.
Coinbase said The products will build on its existing US perpetual futures market, bringing a separate stock structure for US traders. The proposed contracts are classified as single-stock futures by the CFTC and await regulatory approval.
The CFTC filing follows an earlier regulatory action by Coinbase Derivatives, which filed A Form 1-N with the Securities and Exchange Commission on September 1 to register as a national securities exchange for the purpose of offering security futures.
Binance Lagarde closes MICA estimates, reaffirms Europe’s commitment
Binance declined to address a report that European Central Bank President Christine Lagarde interfered in its failed Greek crypto license bid and said it is seeking approval under the European Union’s Markets in Crypto-Assets Regulation (MiCA).
The Wall Street Journal Report A vice chairman of Greece’s Hellenic Capital Market Commission (HCMC) told Binance on Friday that Lagarde had asked Greek Prime Minister Kyriakos Mitsotakis not to approve her application.
Greek officials informed the European Securities and Markets Authority in early June that the regulator intended to approve the license, according to reports.
“We don’t comment on speculation,” a Binance spokesperson told Cointelegraph. “In Europe, Binance is committed to operating on a long-term, compliant basis under the EU’s market on crypto-asset regulation.”
