Tesla's Q3 earnings report revealed that its Bitcoin holdings remain unchanged at 9,720 BTC. The report did not mention any cryptocurrency transactions, indicating that the firm did not buy or sell any coins during the third quarter.

The European Central Bank (ECB) Governing Council has unveiled plans to “start laying the foundation for the possible issuance of a digital euro” through the launch of a “preparation phase” that comes after a two-year investigation.

Nasdaq-listed cryptocurrency exchange Coinbase has expanded its trading services to include perpetual futures for eligible customers in specific non-U.S. jurisdictions. The new feature is part of Coinbase Advanced, the company’s trading platform targeted at experienced retail traders.

Top stories in the Crypto Roundup today:

• Tesla Keeps Its Bitcoin Stash Intact
• ECB to Launch ‘Preparation Phase’ for Digital Euro
• Coinbase Launches Perpetual Futures Trading for Eligible Non-US Customers

Tesla Keeps Its Bitcoin Stash Intact

Tesla's Q3 earnings report revealed that its Bitcoin holdings remain unchanged at 9,720 BTC. The report did not mention any cryptocurrency transactions, indicating that the firm did not buy or sell any coins during the third quarter.

Tesla’s Bitcoin holdings are currently valued at more than $275 million and have remained untouched for five quarters in a row. The firm invested $1.5 billion in the cryptocurrency back in February 2021 to accumulate 43,000 BTC.

That same month, Tesla started accepting Bitcoin payments, but dropped them shortly after. The company then sold 4,320 BTC in the first quarter of 2021, before cashing out 75% of its remaining balance at a loss last year.

Tesla, which reported a net income of $1.85 billion in the third quarter, currently ranks third among public companies with the largest Bitcoin holdings, behind MicroStrategy (MSTR) and Marathon Digital Holdings (MARA).

ECB to Launch ‘Preparation Phase’ for Digital Euro

The European Central Bank (ECB) Governing Council has unveiled plans to “start laying the foundation for the possible issuance of a digital euro” through the launch of a “preparation phase” that comes after a two-year investigation.

In a notice, the ECB said the new phase will start on November 1, and added that a final decision on issuing a central bank digital currency (CBDC) has not been made.

The new phase is set to last two years and will be focused on finalizing the rules and choosing the possible issuers for the digital currency. ECB officials have said that they will also include “testing and experimentation” based on user feedback and the central bank’s requirements.

After the two-year period, the ECB’s Governing Council will “decide whether to move to the next stage of preparations, to pave the way for the possible future issuance and roll-out of a digital euro.”

Coinbase Launches Perpetual Futures Trading for Eligible Non-US Customers

Nasdaq-listed cryptocurrency exchange Coinbase has expanded its trading services to include perpetual futures for eligible customers in specific non-U.S. jurisdictions. The new feature is a part of Coinbase Advanced, the company’s trading platform targeted at experienced retail traders.

The move comes as the cryptocurrency derivatives market, according to Coinbase, has grown to comprise 75% of the total cryptocurrency trading volume worldwide.

The exchange said that Coinbase Advanced will initially offer four types of perpetual contracts: XRP, BTC, ETH, and LTC. The leverage for these contracts differs, with up to 5X for BTC, ETH, and LTC, and up to 3X for XRP, with contracts being settled in USDC.

Coinbase has indicated it plans on adding more contracts in the near future, and temporarily its fee rate is lowered to 0% for makers and 0.03% for takers. The contracts are, for now, accessible via the firm’s web platforms, with mobile trading options being in development.

The exchange says its new perpetual futures contracts comply with strict standards, giving traders more confidence. These contracts are available through Coinbase International Exchange and are regulated by the Bermuda Monetary Authority.

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