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
Over the past 1 hour, forced liquidations across the entire market totaled $101 million, including $80.39 million in BTC liquidations.
Gate News message, on April 9, CoinGlass data shows that over the past 1 hour, liquidations across the entire network totaled $101 million, including $97.07 million from short liquidations and $3.54 million from long liquidations. In addition, the liquidation amount for BTC reached $80.39 million, while the liquidation amount for ETH reached $11.79 million.
GateNews23m ago
CME Group BTC futures liquidity falls to a 14-month low, with basis trading failures triggering institutional capital outflows
The Chicago Mercantile Exchange’s Bitcoin futures market has continued to weaken. In March 2026, the daily average open interest fell to $7.2 billion, hitting a new low since February 2024, and has been declining for five straight months. The main reason is the large-scale unwinding of basis trades, which eliminated the arbitrage spread and caused leveraged capital to exit.
GateNews24m ago
ETH 15-minute pump 1.31%: On-chain capital inflows and whale buying power are in sync, driving the rally
2026-04-09 15:30 to 2026-04-09 15:45 (UTC), the ETH price closed at 2219.86 USDT, with a range low of 2181.68 USDT. The 15-minute return was +1.31%, and the amplitude was 1.75%. During this period, market trading activity was active, attention increased significantly, and short-term volatility intensified.
The main drivers of this unusual move are on-chain capital inflows and persistent buying by large whales. First, on-chain trading volume suddenly surged during the window above; the frequency of large transfers increased, indicating that institutions or major players entered quickly. At the same time, active addresses
GateNews37m ago
BTC 15-minute pump of 1.03%: integer-level breakout and macro risk-hedging resonance amplifying the move
From 2026-04-09 15:30 to 15:45 (UTC), the BTC return rate recorded +1.03%, with the price ranging from 71,291.5 to 72,226.9 USDT, and the amplitude reaching 1.31%. During the abnormal move, market attention rose rapidly, volatility noticeably intensified, and prompted investors to closely watch short-term trends.
The main driver behind this abnormal move was BTC breaking through the 72,000 USDT integer level at 15:34, which directly activated some algorithmic trading and drew short-term funds in. The rapid breakout above this key price level boosted spot and derivatives trading volumes in the short term
GateNews37m ago
“Maji big brother” Huang Licheng closes out an HYPE long position; the Ethereum long position is increased to 12,300 ETH.
Gate News message, on April 9, Hyperbot data shows that the HYPE long position newly opened by Big Brother A-ma JI — Huang Licheng — has been fully closed out within the past 20 minutes. Currently, he is still continuously adding to his 25x leveraged Ethereum long position; he holds 12,300 ETH, with a position value of $26.61M, and a liquidation price of $2,081.
GateNews2h ago
The whale address holds a $30 million crude oil short position on Hyperliquid, currently down $2 million (unrealized loss).
Gate News message: On April 9, according to Arkham monitoring, the whale address “0x63c” had a crude oil short position with a position value that at one point reached as high as $30 million on Hyperliquid. Because the crude oil market funding rate is negative, the address can currently earn $388,000 per day in funding fee income, translating to an annualized funding fee income of up to $142 million. However, due to crude oil price fluctuations, the whale is currently down $2 million in unrealized losses.
GateNews2h ago
