Maksym Prykhodko

2 min read The U.S.-based crypto exchange is looking into opening an international derivatives exchange after the industry has come under pressure recently, two people familiar with the matter told The Information. The CFTC’s civil action against Binance last week, stemming in part from violations of derivatives trading laws, has prompted Gemini to examine crypto operations overseas, as The Information reports.

2 min read On March 26, the FDIC announced a settled deal according to which First-Citizens acquired all of SVB’s deposits and loans at a discount of $16.5 billion. The 17 acquired branches are scheduled to open Monday as First Citizens Bank and Trust Company. SVB filed for bankruptcy protection on March 17, and although it didn’t offer fiat on-ramps to crypto exchanges as Silvergate and Signature, its customers included companies such as Circle.

2 min read Coinbase shares continue to rise, surging 12% after it was announced that Brazilian users can now buy and sell crypto with reals and withdraw via Pix. On March 21, Coinbase announced an expansion in Brazil, allowing easy on- and off- ramp with Brazilian reals via the instant payment service Pix. Coinbase also adapted its local app to Brazilian Portuguese and added 24/7 email support: Coinbase stock reacted to the news. COIN was trading at $75.15 and peaked at $83.78 late Tuesday.