Tag: Platform

OKX debuts X-Perps crypto derivatives platform for retail and institutional traders in Europe

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Global fintech firm OKX has launched X-Perps, a regulated crypto derivatives product for retail and institutional traders across the European Economic Area (EEA). X-Perps operates under the EU’s MiFID II framework, offers up to 10x leverage, and launches with ten trading pairs covering Bitcoin, Ethereum, Solana, and several others, including Dogecoin and Pepe. According to OKX, the product allows capital-efficient trading of crypto markets by combining leveraged exposure with a funding rate mechanism that anchors pricing to underlying spot markets. This structure enables arbitrage opportunities while maintaining a regulated framework…

Paxos Labs Raises $12M to Launch Crypto Yield and Lending Platform

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Paxos Labs has raised $12 million in a strategic funding round led by Blockchain Capital to expand its Amplify platform, a suite of tools that lets companies offer crypto yield, lending and stablecoin issuance through a single integration. The Amplify suite includes three modules — Earn, Borrow and Mint — allowing platforms to generate yield on digital assets, enable crypto-backed loans and issue branded stablecoins with a single integration designed to unlock additional features over time. According to Tuesday’s announcement, the platform provides a single SDK with configurable controls, while…

Paxos Labs raises $12M, launches Amplify platform for onchain finance

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Paxos Labs has raised $12 million in a strategic funding round led by Blockchain Capital, with participation from Robot Ventures, Maelstrom, and Uniswap, as the Paxos incubated unit looks to expand its infrastructure for digital asset yield, borrowing, and branded stablecoin issuance. The company said the new capital will support development of its Amplify suite, which lets platforms add multiple onchain financial products through a single integration. The launch positions Paxos Labs as the product layer built on top of Paxos’ regulated digital asset infrastructure. According to the company, Paxos…

DAO Behind CoW Swap Urges Users to Stay off Platform after ‘Hijacking‘

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The decentralized exchange aggregator said users should refrain from visiting its website after a frontend exploit. Decentralized exchange aggregator CoW Swap is calling on users to refrain from using its website after an unknown party hijacked its domain. In a Tuesday X post, the decentralized autonomous organization (DAO) behind CoW Swap said its website had experienced a “DNS [Domain Name System] hijacking,” leading to a pause of its backend and APIs. The frontend exploit, through the website http://swap.cow.fi, was ongoing at the time of publication. “We are now actively working…

Figure and Hastra Add Auto Loans to Tokenized Credit Platform

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Figure and Hastra are adding auto loans to their tokenized credit platform, expanding the types of real-world assets available to decentralized finance (DeFi) investors beyond home equity products. Democratized Prime, a decentralized lending marketplace on Figure Markets, is adding auto finance as its first new asset class as part of its plan to build a marketplace where different types of consumer credit can be issued, traded and funded onchain, according to a Tuesday announcement shared with Cointelegraph. “We’ve been purposefully building toward this,” Michael Tannenbaum, CEO of Figure, said, adding…

Trump’s Fed chair pick Kevin Warsh discloses holdings in SpaceX, Polymarket, and Ethereum dev platform

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President Donald Trump’s Federal Reserve chair nominee Kevin Warsh disclosed a net worth between $131 million and $209 million, with a portfolio spanning space, crypto infrastructure, artificial intelligence, biotech, and fintech startups, according to a new financial disclosure. The filing shows a combination of institutional fund positions and an extensive set of early-stage startup investments held through affiliated vehicles. The statement lists more than $100 million in exposure through Juggernaut Fund LP positions tied to advisory work with the Duquesne Family Office. It also includes a direct stake in SpaceX…

SoFi Rolls Out Institutional Platform Combining Fiat and Crypto Rails

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Digital banking platform SoFi Technologies has launched Big Business Banking, a platform that allows companies to manage fiat and crypto transactions within a single regulated system. According to Thursday’s announcement, the offering enables companies to hold deposits, move funds and settle transactions around the clock using either traditional currencies or digital assets, consolidating functions that have typically been split across banks, custodians and crypto service providers. It also introduces support for issuing and redeeming the company’s stablecoin, SoFiUSD, allowing businesses to convert between fiat and onchain assets while keeping reserves…

Chainalysis to Add ‘Blockchain Intelligence‘ Agents to Platform

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The analytics platform said it would begin rolling out the agents over the summer for use in investigations and compliance. Chainalysis is introducing blockchain intelligence agents which the analytics platform expects will provide investigative skills to users seeking AI solutions. In a Tuesday announcement at the Chainalysis Links conference in New York City, the company said the “blockchain intelligence agents” differ from typical AI tools based on language models, likening them to an “experienced analyst working at machine speed.” The company expects to phase in the agents this summer in…

BitGo Launches Platform for Crypto-Backed Lending and Portfolio Financing

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Digital asset infrastructure provider BitGo has launched a financing platform that lets institutional clients borrow and lend against a range of digital assets, including liquid tokens, staked positions and locked holdings, within a single account. The company said the system consolidates borrowing, lending and collateral management into one workflow, replacing processes that have typically required multiple counterparties and manual asset transfers. By introducing portfolio-based lending, BitGo hopes to give clients access to credit against a mix of assets held in custody rather than posting collateral on a per-loan basis. It also…

Trilitech Debuts Tokenized Commodities Platform on Tezos

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Update March 30, 1:20 p.m. UTC: This article has been updated to include a section on the wider tokenized commodities market. Trilitech, a London-based development company focused on the Tezos ecosystem, launched Metals.io on Monday, a new platform for trading tokenized commodities including uranium and gold, according to an announcement shared with Cointelegraph. The platform expands a commodities push that Trilitech and the broader Tezos ecosystem began with Uranium.io, a retail-facing uranium marketplace launched in December 2024 on Etherlink, Tezos’ Ethereum Virtual Machine-compatible layer 2. At launch, Metals.io is set…