CoinRoutes: The Only Trading System That Stood During Crisis

$220B in reserves. $3T in flow. Who controls the next layer of liquidity? Coinbase’s Stablecoin Era paper talks about monetary architecture. The report argues that stablecoins are crystallising into a new global settlement substrate, backed by real assets and moving real economies. 💵 𝐑𝐞𝐬𝐞𝐫𝐯𝐞𝐬 𝐚𝐬 𝐦𝐨𝐧𝐞𝐭𝐚𝐫𝐲 𝐥𝐞𝐯𝐞𝐫𝐚𝐠𝐞 Stablecoin reserves - now over $220 billion - are becoming a structural buyer of U.S. Treasuries. That demand could exceed any single nation’s holdings by 2030, recasting stablecoins as a new class of quasi-sovereign liquidity. 🏦 𝐏𝐫𝐨𝐠𝐫𝐚𝐦𝐦𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐫𝐞𝐩𝐥𝐚𝐜𝐞𝐬 𝐩𝐨𝐥𝐢𝐜𝐲 Stablecoins not only transfer money; they embed rules. Each token carries its own compliance logic, enabling settlement, reporting, and liquidity management to happen on-chain - functions once monopolised by banks. 🌍 𝐃𝐨𝐥𝐥𝐚𝐫 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐢𝐧 𝐜𝐨𝐝𝐞 Over 99% of volume is still dollar-pegged, extending U.S. monetary reach through decentralised rails. It’s not the Federal Reserve scaling the dollar - it’s the market itself. 📊 The takeaway Coinbase frames stablecoins as the first true monetary software layer: programmable, collateralised, and borderless. What’s being built is a competitive model for monetary power. 📖 Coinbase – The Stablecoin Era: A Framework for the Next Monetary Layer https://lnkd.in/g_Q4Hwvy

As a software developer, I want to share my thoughts on yesterday’s crypto flash crash. As you know, many cryptocurrencies experienced a drop of around 70% yesterday, and everyone is looking for someone to blame. In my opinion, this situation resulted from the structure of exchanges and the liquidation of high-liquidity traders (often called "whales"), which triggered algorithmic trading bots and amplified flaws in exchange systems. Please note that what I’ve written is based entirely on my own assumptions. In futures trading, there are two types of positions: isolated and cross. In cross positions, all assets in your margin account serve as collateral for the position you open. When a large long position in any asset is liquidated, the collateral assets in your account are sold off via market sell orders to close your position. Each liquidated position reduces liquidity in the asset’s buy order book, driving the price down. This price drop triggers arbitrage bots to sell on other exchanges, initiating further liquidations in the futures long positions of that asset. Yesterday’s events were likely caused by a chain reaction of this process. A large liquidation on one exchange probably started the chain, spreading a cascading effect across multiple assets. It’s possible that exchanges prioritize internal requests, such as liquidations and stop-loss orders, over API and website requests. As a result, market makers couldn’t replenish the buy order book fast enough to keep up with the market sell orders, which were processed with higher priority. Consequently, they couldn’t add sufficient buy orders until all liquidations were complete. Since older requests are typically processed before newer ones (first-come, first-serve), the price recovered quickly once the liquidation wave subsided. How can this be prevented? Exchanges could implement circuit breaker systems, similar to those used in stock markets, to temporarily halt trading during extreme volatility. Alternatively, they could algorithmically treat internal requests (like liquidations) as lower-priority during high-volume liquidation events, processing them with a delay to allow market makers to replenish the buy order book. Both solutions could lead to losses for exchanges, as they might disrupt trading activity. However, yesterday’s situation likely caused significant losses for exchanges, as liquidations were executed at much lower prices than intended due to insufficient buy-side liquidity.

Hyperliquid rolls out its HIP-3 upgrade, allowing developers to launch perp DEX markets by staking 500,000 HYPE, pushing further toward true decentralized derivatives infrastructure.

Anboto Labs integrates Coinbase International Exchange We're excited to announce that Anboto Labs has partnered with Coinbase International Exchange to enhance institutional access to perpetual futures trading. This integration enables our clients in eligible jurisdictions to execute trades on Coinbase International Exchange using Anboto's comprehensive suite of algorithmic strategies, including TWAP, VWAP, Iceberg, Scale, Implementation Shortfall, POV, and pair trading algorithms. What this means for institutional traders: • Access to 80+ perpetual futures markets on a regulated exchange • Ultra-low latency execution • USDC settlement with robust risk management • Enhanced capital efficiency and counterparty risk mitigation • Seamless integration through our OEMS platform Coinbase International Exchange, regulated by the Bermuda Monetary Authority, brings deep liquidity and institutional-grade infrastructure to the global derivatives market. Combined with Anboto's advanced execution algorithms, traders now have the tools they need for optimal execution across spot and derivatives. The integration is live and available to institutional clients now. Request access to Anboto: https://shorturl.at/OIP4y Read the full announcement: https://lnkd.in/eP5BZTrc #CryptoTrading #InstitutionalCrypto #AlgorithmicTrading #Derivatives #PerpetualFutures #DigitalAssets

🚀 Hyperliquid (HYPE) launches its HIP-3 upgrade, enabling developers to create their own perpetual futures markets without central approval, a major leap for decentralized trading and DeFi innovation. #Hyperliquid #HYPE #DeFi https://lnkd.in/dS64hUva

The landscape of financial technology is shifting dramatically, and at the forefront of this evolution is Ripple. Recently, analysts have highlighted Ripple’s ambition to penetrate the immense $12 trillion US repo market. This strategic move could redefine the utility of XRP, extending beyond the realm of cross-border transactions to a more integrated financial ecosystem. Ripple’s […] https://lnkd.in/g9NwcWZD

💥 Traditional markets and digital assets are converging says Colleen Sullivan, Head of Brevan Howard Digital. I agree. BUT to unlock full convergence, three infrastructure enablers still need to be unlocked 👇 1️⃣ Connectivity between the two financial systems, NOT just between blockchains. For example, the FIX trading system needs to be connected to tokenized securities by and at the CSDs in order for instant ownership change to happen. - JPMorgan and Ownera intraday repo case study: https://lnkd.in/eThUMtqY 2️⃣ Blockchains are powerful operating systems but adoption at scale only happens when they’re embedded within the full Institutional Legitimacy Stack: regulatory, legal, operational, and accounting layers that give assets real-world enforceability. - Institutional Legitimacy Stack explainer: https://lnkd.in/eXDHzsdh 3️⃣ Digital assets currently lack standardized clearing rules. But as transactions span onchain and offchain environments, we’ll need clear rules ob collateral pricing, margining, and operational controls to manage risk effectively. ✅ Want more business insights on digital assets and tokenization? Join 20,000+ readers at Tokenization Insight to get the latest market insights 👉 https://lnkd.in/eCZyphum

Buybacks are becoming one of crypto’s most important - and misunderstood - value mechanisms. Our latest Keyrock report analyses token buybacks and revenue distributions across leading protocols. The data shows that revenue returned to tokenholders has grown more than 5x since 2024, yet most payouts still rely on treasury reserves rather than recurring revenue. As the market matures, smarter, data-driven execution of buybacks can play a crucial role in aligning long-term protocol performance with tokenholder value. Read the full report here: https://lnkd.in/eU6kvs83

Crypto trades 24/7, but traders still value discretion. Our latest article breaks down how hybrid trading, a balance between automation and manual control, helps create more structured, flexible workflows across centralized and decentralized exchanges. - Where automation drives consistency and speed - Why human oversight still matters for risk and context - What a hybrid workflow looks like in practice - How AstraBit enables this workflow as a multi-exchange trading technology platform that connects users to CEX and DEX venues, with unified trading, analytics, and DeFi access Read the full article: https://lnkd.in/e38GtAFM Disclosure: Trading digital assets is speculative and may result in significant losses. AstraBit executes trades via user-connected APIs and offers automation and analytics tools. AstraBit does not guarantee returns or performance. Consult a licensed financial advisor before using AstraBit products or services.

Why rent space on someone else’s chain... when you can build your own financial system? Avalanche isn’t a single blockchain but a network of institutional-grade, customizable Layer 1s, each with its own validator set, compliance logic, gas structure, & governance. Want to launch a KYC-restricted repo network? An on-chain fund registry with embedded compliance logic? A tokenized deposit platform governed by jurisdictional controls? You can build all of these use cases & more (independently and in parallel) on Avalanche. 🔺 Customizable at Every Layer Control doesn’t stop at consensus. On Avalanche, institutions can enforce permissioning across the entire stack: -Define who can deploy smart contracts -Control who can send and receive assets -Implement KYC/KYB checks at the wallet level -Set role activation delays and administrative controls Need to embed MiFID II-style restrictions directly into the protocol? You can do that. 🔺 Finality Without the Forks: Avalanche offers deterministic finality in approximately one second, with no rollups, no probabilistic consensus, and no reorg risk. This delivers the speed and certainty financial institutions expect, especially when settling tokenized treasuries, processing fund flows, or collateralizing private credit at scale. 🔺 Interoperable by Design Each Avalanche chain is sovereign but not siloed. Every chain can natively communicate with others across the network. That means: -A stablecoin on one chain can settle trades on another -A fund registry can verify credentials issued on a separate chain -A bank’s permissioned L1 can access public DeFi liquidity without relying on bridges This is modular, composable infrastructure vs another walled garden. 🔺 EVM-Compatible & Institution-Ready Avalanche is fully EVM-compatible. That means your team doesn’t need to retrain or replatform: you can bring your Solidity contracts, audit tools, and workflows directly onto Avalanche.