The companies, products and regulatory developments shaping the broker industry.
Bullish reported $37.7 billion in October trading volume, down from $48.6 billion in September; the mix reveals a deeper contraction in options than in spot business.
Coinbase reported about $719m in Q3 net income versus about $78m on an adjusted basis, with large crypto-investment fair-value gains helping explain the difference; prediction markets exceeded a $200m annualised revenue run rate.
cKLSH costs 28 USDT and locks until six months after an IPO; xKLSH is priced at 39 USDT. LBank’s two announcements disagree on the trading date, and holders receive no direct Kalshi shareholder rights.
VARA’s register names the Dubai entity, its 20 October licence date and three eligible client categories. The entry lists Exchange Services as its permitted activity.