Binance is reportedly negotiating with the U.S. Department of Justice to remove a court-appointed monitor tied to its $4.3 billion settlement over anti-money laundering violations.

Openbank, the digital banking arm of Spanish lender Santander, has launched cryptocurrency trading for its customers in Germany, with plans to roll out the service in Spain in the coming weeks.

London-based LMAX Group is set to launch perpetual futures on bitcoin and ether, offering institutional clients up to 100 times leverage. 

Top stories in the Crypto Roundup today:

• Binance in Talks With DOJ to End Oversight From $4.3B Settlement
• Santander’s Openbank Launches Crypto Trading in Germany, Spain to Follow
• London’s LMAX to Launch 100X-Leveraged Bitcoin and Ether Futures for Institutions

Binance in Talks With DOJ to End Oversight From $4.3B Settlement

Binance is reportedly negotiating with the U.S. Department of Justice to remove a court-appointed monitor tied to its $4.3 billion settlement over anti-money laundering violations.

The monitor was part of a three-year oversight deal imposed after the crypto exchange admitted to compliance failures in 2023. If dropped, Binance would still need to follow stricter reporting rules.

The talks come amid a broader DOJ shift away from using outside monitors, which companies have criticized as expensive and disruptive. The department has already ended similar oversight for firms like Glencore and NatWest.

The DOJ hasn’t made a final decision. A separate monitor from the Treasury Department remains in place.

Santander’s Openbank Launches Crypto Trading in Germany, Spain to Follow

Openbank, the digital banking arm of Spanish lender Santander, has launched cryptocurrency trading for its customers in Germany, with plans to roll out the service in Spain in the coming weeks.

The new feature lets users buy, sell and hold five popular cryptocurrencies, bitcoin (BTC), ether (ETH), litecoin (LTC), polygon (MATIC) and cardano (ADA), without transferring funds to a third-party platform. Instead, crypto holdings are integrated into Openbank’s broader investment platform, which also includes stocks and ETFs.

The bank charges a 1.49% transaction fee with a €1 ($1.18) minimum, but does not apply custody fees. Additional features such as crypto-to-crypto conversions and more tokens are expected soon.

London’s LMAX to Launch 100X-Leveraged Bitcoin and Ether Futures for Institutions

London-based LMAX Group is set to launch perpetual futures on bitcoin and ether, offering institutional clients up to 100 times leverage. 

The cash-settled products allow traders to hold positions indefinitely without owning the underlying tokens.

Perpetual futures dominate offshore markets, making up nearly 70% of bitcoin trading volume this year, research firm Kaiko reports. LMAX’s entry follows Coinbase and the Chicago Board Options Exchange, which are introducing similar products to regulated markets.

State of the Crypto by Top Tier Exchange Volume

Build your project with CoinDesk Data

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.