The top stories in the Crypto Roundup today: Circle CEO Tells Business Mogul to ‘Get Schooled Up’ on Bitcoin, UK regulator proposes ban on crypto derivatives and over $1 Billion worth of STOs coming to Tezos blockchain.

At the time of writing, bitcoin (BTC) is trading at $11,744.3 (4.25%) with a daily volume of $5.60 bn, while ether (ETH) is trading at $296.77 (0.60%) with a daily volume of $1.74 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 4,608.57 (1.34%).

Circle CEO Tells Business Mogul to ‘Get Schooled Up’ on Bitcoin

Jeremy Allaire, CEO of Circle appeared on CNBC’s pre-market business news program, Squawk Box, to talk about Facebook’s Libra and the value proposition of cryptocurrencies like bitcoin.

When pressed by businessmen Kevin O’Leary on the function of cryptocurrencies – which he described as “rogue” – Allaire found it difficult to express his opinion without interruption. Post-interview, Allaire took to Twitter to point out O’Leary’s “incredibly weak and limited understanding of crypto currency [sic], digital assets and blockchain tech;” retweeting a three-minute snippet of the interview shared by Squawk Box’s account.

UK Regulator Seeks Ban on Crypto Derivatives and ETNs to Retail Investors

UK markets regulator the Financial Conduct Authority (FCA) has proposed a ban on the sale of cryptoasset derivatives and exchange-traded notes (ETNs) to retail customers.

The FCA said in a press release on its website that it considered these products "ill-suited" to retail investors who are unable to "reliably assess the value and risks of derivatives or ETNs that reference certain crypto-assets". The FCA explained that it was considering the move because of the nature of cryptoassets gives them “no reliable basis for valuation,” because of “market abuse and financial crime,” price volatility and because retail customers have an “Inadequate” understanding of them.

Over $1 Billion Worth of STOs Coming to Tezos Blockchain

Tezos (XTZ), a multi-purpose blockchain which aims to combine a self-amending protocol and on-chain governance, is set to serve as the basis upon which BTG Pactual, the largest standalone investment bank in Latin America, and Dubai-based asset manager Dalma Capital launch security token offerings (STOs).

“By utilizing the new platform for digital securities transactions,” the joint press release read, “the financial institutions address a deal pipeline in excess of [one billion dollars] for existing and prospective token issuances – with an outlook to utilize Tezos to tokenize a wide variety of traditional and alternative investments.”

Bain Capital-Backed Derivatives Exchange EMX Launches U.S. Equity Perpetual Swaps

The derivatives exchange EMX recently opened its doors to the public, and launched with two products: Bitcoin and US500 Equity Index perpetual swaps. 

EMX is now the first crypto derivatives exchange to allow traders to long or short a perpetual swap contract of the 500 top U.S. stocks using Bitcoin as collateral, with up to 20x leverage. Until now, derivatives exchanges in the crypto ecosystem have solely been focused on Bitcoin and altcoin products, but EMX aims to disrupt the entire ecosystem with its unique product offerings.

EMX provides a fair, transparent and secure market, enabling efficient and cost-effective trading for all participants, using a reliable, innovative, auction-based matching engine. This means no overloads, even in periods of high volatility.

Trading on the platform is easy - it has a sleek yet powerful interface, with one-click trading from the chart and order book. In addition, EMX offers the best maker rebates in the industry (0.03% rebates) - so you get rewarded for providing liquidity to the exchange.

EMX is backed by top investment funds such as Bain Capital Ventures and #Hashed.

$5000 Trading Competition

To celebrate its launch, EMX is currently throwing a perpetual swaps trading competition with over $5000 in prizes. Prizes will be awarded to the traders with the best profits (percentage-wise) and most volume, and there’s even a prize for MOST REKT.

To join the competition, click here.

Plus, for a limited time only, sign up to receive a 100% Deposit Bonus - deposit $50, and receive $50, completely free. You keep all the profits! Sign up now to take advantage of this incredible offer.

For more information about EMX’s Perpetual Swaps Trading Competition and the special deposit bonus offer, visit this page.

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