Latest news with #trading
Reuters
3 hours ago
- Business
- Reuters
Indonesia's Pertamina seeks more term gasoline, document shows
NEW DELHI/JAKARTA, June 20 (Reuters) - Indonesia's Pertamina on Friday sought 200,000 barrels per month of 90-octane grade of gasoline for July-September delivery, according to a document seen by Reuters. It is the state-run company's third term tender between May and June, issued by its trading arm Pertamina Patra Niaga, Reuters record shows. There are no restrictions on the origin of the cargo. Some of the earlier tenders had excluded Singapore-origin cargoes. The tender closes on June 23 and is valid till June 27, the document showed. The earlier tender that was valid till June 16 sought to buy up to 1.2 million barrels of term gasoline cargoes monthly. Another set of term tenders that were valid till May 30 and had restrictions of Singapore-origin cargoes was awarded to multiple suppliers in China, at least one Indian supplier and a few international traders, market sources said. Pertamina Patra Niaga did not immediately respond to a Reuters request for comment.
Associated Press
4 hours ago
- Business
- Associated Press
Gate Releases May 2025 Transparency Report: Brand Revamp Ignites Strategic Acceleration
PANAMA CITY, June 20, 2025 (GLOBE NEWSWIRE) -- Gate, a global leader in cryptocurrency trading, has released its May 2025 Transparency Report, revealing remarkable growth across key business indicators. Amid improving market sentiment and a maturing regulatory landscape, the platform recorded historic highs in trading volume and user activity, accelerated brand globalization efforts, advanced compliance achievements, and further expanded its Web3 ecosystem. Trading Volume and User Base Hit New Milestones In May 2025, Gate saw a substantial year-over-year increase in total trading volume, driven by strong performance in both spot and futures markets. Futures trading, in particular, has become a primary growth engine for trading activity. Gate now ranks second globally in 24-hour spot trading volume, reinforcing its position among the world's leading exchanges. The platform's user base surpassed 27 million registered users, reflecting continued global momentum and growing brand influence. Meanwhile, Gate Earn has seen explosive growth, now supporting nearly 1,000 digital assets with $2 billion in total assets under management. Its Dual Investment product now supports 60 tokens, and remains one of the most popular structured finance offerings on the market. This month, Gate was also honored with the 'Best Crypto Exchange 2025' award by Entrepreneur Middle East, recognizing the platform's excellence in user protection, operational stability, and regulatory compliance. Global Brand Revamp: New Domain and New Logo Launched On May 19, Gate officially launched its new domain, alongside a redesigned logo, marking a bold step forward in its global rebranding strategy. This upgrade unifies visual identity across global operations and enhances international recognition and user trust. The rebrand coincides with Gate's vision of becoming the 'Next-Generation Crypto Exchange', a platform at the intersection of global compliance, user-centric design, and Web3 innovation. The rebranding covers all Gate entities globally, including licensed operations in Japan, Dubai, and Europe, delivering a consistent and professional brand presence worldwide. Product Ecosystem Expansion Drives Growth in User Engagement and Assets In May, Gate's continuous product innovation led to a significant boost in its platform ecosystem. The relaunch of Launchpad sparked market excitement, with the debut project Puffverse (PFVS) oversubscribed by more than 93,800%, attracting 35,000 participants and raising $656 million. Gate Alpha, focusing on meme asset trading, launched hundreds of projects in May, distributed over $1 million in airdrops, and generated billions in trading volume. Launchpool introduced nearly 20 new projects, distributed over $3 million in rewards, and peaked at over 1,000% annualized returns. HODLer Airdrop launched nearly 30 projects, attracted more than 170,000 participants, distributed over $800,000 in rewards, and saw over $38 million in total staking volume. CandyDrop launched nearly 20 airdrop campaigns, drawing over 500,000 participants with a prize pool close to 3 million USDT. The synchronized growth of these core product lines demonstrates Gate's leading edge in product innovation and user attraction. Accelerating Asset Transparency and Compliance Leadership, Reserve Ratio Reaches 128.57% As of May 2025, Gate's total reserve assets reached $10.865 billion, with an impressive reserve ratio of 128.57%, far exceeding the 100% industry benchmark. BTC, ETH, and USDT reserves all maintained surplus coverage, with BTC reserve ratio at 137.69%. These figures reflect Gate's long-standing commitment to transparency and financial strength. On the compliance front, Gate Technology FZE, a part of Gate, has obtained a VASP License under the regulation and supervision of VARA in Dubai to provide exchange services and is permitted to serve institutional investors, qualified investors, and retail investors. This milestone marks another significant step forward in Gate's global compliance strategy. Expanding Web3 Culture with Brand Campaigns and Global Events In May, Gate intensified its brand presence through multiple high-profile events. Gate 12th Anniversary Global Celebration concluded in Dubai, where CEO Dr. Han outlined the vision of Gate as the next-generation crypto exchange. SPORT3 DUBAI 2025 united Web3 and sports through cross-industry activities. Gate hosted global KOLs at Inter Milan's home stadium and celebrated Bitcoin Pizza Day with custom pizza deliveries to users and partners. At the Formula 1 Monaco Grand Prix, Gate CBO Kevin Lee represented the brand in collaboration with Oracle Red Bull Racing. Gate's NFT drop with Red Bull Racing exceeded 1 million mints, engaging over 200,000 participants. Yann Sommer, Serie A champion and Inter's goalkeeper, joined as a Gate Friend, symbolizing the platform's commitment to asset security. Promoting Education, Research, and Social Responsibility, Demonstrating Platform Impact In May, Gate continued to make strides in educational outreach and social responsibility. Gate Learn released educational content and courses covering trending topics such as DeFi, RWA, and AI, helping users systematically enhance their understanding. Gate Research deepened its efforts in policy interpretation and market analysis, strengthening its expertise in critical areas like meme coins, public chains, and ETFs. During the same month, Gate Charity partnered with Forum Animal to launch a public welfare campaign in São Paulo, Brazil, calling for an end to animal testing and promoting global awareness around animal welfare and ethics, demonstrating the platform's enduring commitment to sustainable values. A New Chapter Begins, Advancing Toward Industry Leadership May 2025 marks a pivotal chapter in Gate's journey. With a newly unified brand identity, record-breaking business growth, and deeper integration across product, compliance, and community initiatives, Gate is accelerating its path toward becoming a truly global, next-generation crypto platform. As the company moves beyond its 12th anniversary milestone, Gate remains committed to innovation, compliance, and user empowerment, opening the gate to a more open, secure, and sustainable Web3 future. About Gate Gate, founded in 2013 by Dr. Han, is one of the world's earliest cryptocurrency exchanges. The platform serves over 27 million users with 3,600+ digital assets and pioneered the industry's first 100% proof-of-reserves. Beyond core trading services, Gate's ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter. For more information, please visit: Website | X | Telegram | LinkedIn | Instagram | YouTube Media Contact: Loyo at [email protected] Disclaimer: This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via Disclaimer: This content is provided by Gate. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at
Crypto Insight
5 hours ago
- Business
- Crypto Insight
OKX brings DEX aggregator to MetaMask with Consensys partnership
OKX has partnered with Ethereum software firm Consensys to launch its decentralized exchange (DEX) aggregator on MetaMask, offering users faster trade execution and reduced slippage. The collaboration integrates OKX's DEX API with MetaMask, giving the wallet's user base access to liquidity from over 500 DEXs across 25 blockchains, the exchange said in a news release shared with Cointelegraph. 'MetaMask's ambitious multichain strategy toward becoming a universal wallet for the Web3 ecosystem aligns with the connected blockchain ecosystem we're helping to build,' said Jeff Ren, founder of OKX Ventures. Ren added that the OKX DEX aggregator connects MetaMask users to over 500 liquidity sources with execution speeds under 100 milliseconds. 'We share a vision of a more accessible blockchain ecosystem where technical barriers disappear.' OKX Wallet adopts MEV protection As part of the deal, OKX Wallet has also adopted Consensys' SERVO, a solution designed to defend users against maximum extractable value (MEV) attacks. The integration is the first time Consensys has partnered externally to embed SERVO into a third-party wallet. 'MEV remains a complex challenge,' said Jason Linehan, chief strategy officer at Consensys. 'OKX's integration of Consensys SERVO reflects a strong commitment to user safety and protocol-aligned innovation.' The partnership comes at a time when onchain trading is reaching execution parity in price and speed with centralized exchanges, Ren said. He added that DEX to CEX volume ratios continue to climb, indicating increased interest in decentralized trading avenues. Looking forward, Ren said the future of trading will rely on a diverse ecosystem where DEX aggregators, specialized decentralized exchanges, and centralized platforms coexist to support seamless asset movement and reduce liquidity concentration. OKX adds new safeguards after DEX misuse In March, OKX temporarily suspended its DEX aggregator after detecting an attempted misuse by North Korea's Lazarus Group. The suspension came amid reports that EU regulators were investigating OKX Web3 and its wallet services for allegedly facilitating money laundering from the $1.5 billion Bybit hack. In response, the firm has rolled out new safeguards, including real-time blocking of suspicious addresses and warning alerts for potentially dangerous transactions, Ren said. Audits from CertiK, Hacken and SlowMist, plus an ongoing bug bounty program, backed these measures. Source:
Yahoo
5 hours ago
- Business
- Yahoo
Currency Traders Are Ditching Dollar for Euro on Options Bets
(Bloomberg) -- The euro is taking on a bigger role in the global currency options market as traders skirt around the dollar given the risks from unpredictable US policy and a global trade war. Security Concerns Hit Some of the World's 'Most Livable Cities' One Architect's Quest to Save Mumbai's Heritage From Disappearing JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown There's been a shift in trading volumes. Around 15% to 30% of contracts tied to the dollar versus major currencies were switched to the euro, looking at data from the Depository Trust & Clearing Corporation for the first five months of this year versus the final five months of 2024. There are also signs the euro is being used as a haven — traditionally the dollar's role — and for bets on big moves. While deals involving the dollar still dominate in the $7.5 trillion-a-day currency market, this could be early evidence that the greenback is facing greater competition as the world's reserve currency. Traders are sidestepping the dollar after its biggest slump in years, with Europe's common currency looking like a key beneficiary as the region's markets benefit from billions in government stimulus spending. 'If we're moving to an environment in which the European flow story is more important, then we could be moving to an environment in which it's euro pairs which are driving everything,' said Oliver Brennan, options strategist at BNP Paribas SA. So far this year, Europe's common currency has rallied 11% against the dollar, hitting its highest since 2021 at above $1.16. Meanwhile the dollar has slid against every major currency, with a gauge down over 7% to its lowest since 2022. That's undermining trust in US assets. And the slump may not be over yet. Hedge fund heavyweight Paul Tudor Jones just predicted another 10% drop for the dollar over the next year. Risk reversals, a gauge of options sentiment, are becoming increasingly negative on the dollar against the yen, whereas they are turning less bearish on euro-yen — a 'really important signal' on the euro for Brennan. As markets question the dollar's stability, implied volatility in the euro against the yen is looking the calmest in nearly four years relative to swings between the greenback and Japanese currency. 'The market is thinking that dollar-yen will be more volatile than euro-yen in a negative market shock, which is the opposite to how the market has traded these events in the past,' said Brennan. 'If that's the thinking, then it means the market sees the euro as more of a safe haven than the dollar.' The cost of options is also a driver, said Ben Ford, currency strategist at Macro Hive. While implied volatility generally has eased after spiking in April's market chaos, it stands at nearly 11% over three months for dollar-yen, compared with under 9% for euro-yen. 'The market is finding cheaper ways to express its view, especially given the view is probably for euro outperformance,' Ford said. Traders also seem to be favoring the euro over the dollar when it comes to hedging or betting on big directional moves on the yen. That's evident in so-called 10-delta fly spreads, a gauge of demand for outsized swings, where the gap between euro-yen and dollar-yen has been steadily widening since April. Of course, the dollar has been written off many times before. Just at the start of this year, the euro was languishing near parity with the greenback, with many investors certain the common currency's value would fall below its US peer. Instead Trump's April's tariff announcements saw investors dump dollar assets. While US stocks have recovered since then, the dollar risk premium remains elevated, and it may require a return to US exceptionalism to reverse the trend, according to Tanvir Sandhu, chief global derivatives strategist at Bloomberg Intelligence. Meanwhile the European Central Bank's President Christine Lagarde has called on policymakers to seize the moment and increase the euro's global profile. 'There's a push and a pull — the pull has been that there's potentially more safe assets to buy in Europe and more growth expectations in Europe,' said BNP's Brennan. 'And the push has been tariff uncertainty, risks to US exceptionalism, and the macro story.' Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants ©2025 Bloomberg L.P.
Bloomberg
5 hours ago
- Business
- Bloomberg
Currency Traders Are Ditching Dollar for Euro on Options Bets
The euro is taking on a bigger role in the global currency options market as traders skirt around the dollar given the risks from unpredictable US policy and a global trade war. There's been a shift in trading volumes. Around 15% to 30% of contracts tied to the dollar versus major currencies were switched to the euro, looking at data from the Depository Trust & Clearing Corporation for the first five months of this year versus the final five months of 2024. There are also signs the euro is being used as a haven — traditionally the dollar's role — and for bets on big moves.
