The collaboration is to create a legal agreement to be adopted across multiple counterparties.
CoinShares stresses the need for secure settlements in derivatives trading.
OKX
has expanded its partnership with the asset manager CoinShares and the custody joint
venture Komainu to offer derivatives trading with a feature that mitigates counterparty risk associated with assets held on the exchange.
Navigating
Off-Exchange Complexities
The
initiative aims at securing trading practices within the cryptocurrency space,
particularly in light of the significant events surrounding FTX last year. In response,
several industry players have sought ways to facilitate off-exchange trading
and settlements within the confines of custody setups.
Lewis Fellas, Head of Hedge Fund Solutions at CoinShares, Source: LinkedIn
While
off-exchange settlement is relatively straightforward for spot markets,
derivatives trading introduces additional complexities. Lewis Fellas, the Head of
Hedge Fund Solutions at CoinShares, emphasized the significance of providing a
similar secure arrangement for derivatives.
He
explained: "We've taken a collateral mirroring agreement and embedded that
so we can trade the full suite of OKX products in the derivatives
platform. This is a lot more complicated because you've got margin financing,
you have to deal with risk mitigation on the downside."
Sebastian Widmann, Head of Strategy,Komainu, Source: LinkedIn
The
collaboration between OKX, CoinShares, and Komainu involves the development of a
standardized legal agreement, facilitating its adoption by multiple
counterparties. Sebastian Widmann, the Head of Strategy at Komainu, highlighted the
effort to establish standards in the marketplace as more institutional players
enter the cryptocurrency space.
"We
are trying to bring standards into the marketplace as more firms enter,
especially institutional players who are accustomed to having custody and exchange
segregated," Widmann emphasized having a solid framework in the marketplace.
OKX's Financial Report: $11.2 Billion in Cryptocurrency
Holdings
Notably, BTC, ETH, and USDT have
current reserve ratios of 102%, 103%, and 102%, respectively. The reserves
increased by $800 million since August but slightly decreased compared to July.
OKX, lauded as the "gold standard" by an industry expert, Nic Carter, who aims to enhance transparency in the cryptocurrency sector through regular PoR
reports.
OKX
has expanded its partnership with the asset manager CoinShares and the custody joint
venture Komainu to offer derivatives trading with a feature that mitigates counterparty risk associated with assets held on the exchange.
Navigating
Off-Exchange Complexities
The
initiative aims at securing trading practices within the cryptocurrency space,
particularly in light of the significant events surrounding FTX last year. In response,
several industry players have sought ways to facilitate off-exchange trading
and settlements within the confines of custody setups.
Lewis Fellas, Head of Hedge Fund Solutions at CoinShares, Source: LinkedIn
While
off-exchange settlement is relatively straightforward for spot markets,
derivatives trading introduces additional complexities. Lewis Fellas, the Head of
Hedge Fund Solutions at CoinShares, emphasized the significance of providing a
similar secure arrangement for derivatives.
He
explained: "We've taken a collateral mirroring agreement and embedded that
so we can trade the full suite of OKX products in the derivatives
platform. This is a lot more complicated because you've got margin financing,
you have to deal with risk mitigation on the downside."
Sebastian Widmann, Head of Strategy,Komainu, Source: LinkedIn
The
collaboration between OKX, CoinShares, and Komainu involves the development of a
standardized legal agreement, facilitating its adoption by multiple
counterparties. Sebastian Widmann, the Head of Strategy at Komainu, highlighted the
effort to establish standards in the marketplace as more institutional players
enter the cryptocurrency space.
"We
are trying to bring standards into the marketplace as more firms enter,
especially institutional players who are accustomed to having custody and exchange
segregated," Widmann emphasized having a solid framework in the marketplace.
OKX's Financial Report: $11.2 Billion in Cryptocurrency
Holdings
Notably, BTC, ETH, and USDT have
current reserve ratios of 102%, 103%, and 102%, respectively. The reserves
increased by $800 million since August but slightly decreased compared to July.
OKX, lauded as the "gold standard" by an industry expert, Nic Carter, who aims to enhance transparency in the cryptocurrency sector through regular PoR
reports.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
USD Stablecoins on Public Blockchains Are Major AML Concern, BIS Warns
FM Daily Brief: 23 April 2026
FM Daily Brief: 23 April 2026
It's Wednesday, the twenty-third of April 2026. You're listening to the Finance Magnates Daily Brief. Broker results first today: NAGA posts its first profitable quarter, and Hantec's Q1 volume hits one-point-two trillion. Also ahead: prop firm payout data and a three-hundred-million-dollar exchange deal.
It's Wednesday, the twenty-third of April 2026. You're listening to the Finance Magnates Daily Brief. Broker results first today: NAGA posts its first profitable quarter, and Hantec's Q1 volume hits one-point-two trillion. Also ahead: prop firm payout data and a three-hundred-million-dollar exchange deal.
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
In this video, we review @deriv an online broker offering CFDs and options across a wide range of markets, including forex, stocks, indices, commodities, cryptocurrencies, and derived indices.
We cover the broker’s overall offering, including its multi-jurisdiction regulatory structure, platform ecosystem, and range of account types. We also explore key features such as product availability, funding options, and trading conditions.
Watch the full video to see if Deriv fits your trading needs.
#Deriv #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
In this video, we review @deriv an online broker offering CFDs and options across a wide range of markets, including forex, stocks, indices, commodities, cryptocurrencies, and derived indices.
We cover the broker’s overall offering, including its multi-jurisdiction regulatory structure, platform ecosystem, and range of account types. We also explore key features such as product availability, funding options, and trading conditions.
Watch the full video to see if Deriv fits your trading needs.
#Deriv #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
