Gemini Exchange Seeking To Launch Derivatives Markets – November 3

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $63,355

Bitcoin price has pushed higher the last day of trading, reclaiming the $63,000 mark in a small advance.

Top-20 altcoins are looking strong over the last 24 hours, as Ethereum gains 6%, Cardano rallies 8% and Solana pushes ahead with a 12% rise.

Top Stories for November 3, 2021 πŸ”₯

πŸ‘‰ Gemini Exchange Seeking To Launch Derivatives Markets

Winklevoss-owned cryptocurrency exchange, Gemini, is looking to enter the derivatives market, according to a job posting.

The job listing seeks to hire a Director of Derivatives for the exchange, who will to “build a best in class derivatives platform”.

The individual requires experience in “managing strategy and operations of exchange services” and should be able to take the derivative strategy to market.

πŸ‘‰ CBDCs Could Save $100B Annually In Cross-Border Costs: JPMorgan

A report by JPMorgan and consulting firm Oliver Wyman has concluded that a central bank digital currency (CBDC) could save global companies more than $100 billion per year in transaction costs.

The figure may be conservative, due to excluding additional hidden costs that may arise from trapped liquidity and delays in settlements.

πŸ‘‰ Miami Mayor Wants To Accept Next Paycheck In Bitcoin Only

Miami mayor Francis Suarez has stated on Twitter that he plans to accept his next paycheck “100% in Bitcoin”, preferably via a crypto payments app.

Mayor Suarez has been a proponent of cryptocurrency for some time, aiming to turn Miami into a “crypto hub”. He also personally owns Bitcoin and Ether.