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Miami International Holdings Reports Trading Results for March 2024; MIAX Pearl Equities YTD Volumes and Market Share at Record Levels
PRINCETON, N.J., April 5, 2024 /PRNewswire/ — Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies, today reported March 2024 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX™).
March 2024 and Year-to-Date Trading Volume and Market Share Highlights
- Total multi-listed options volume for the MIAX Exchange Group reached a monthly total of 137.0 million contracts, a 15.1% decrease year-over-year (YoY) and representing a decrease of 5.7% from February 2024. March 2024 market share reached 15.9%, a 5.0% decrease YoY. Total year-to-date (YTD) volume reached 422.7 million contracts, a 2.6% decrease from the same period in 2023.
- MIAX Options reached a monthly volume of 55.1 million contracts, a 13.9% decrease YoY and a 5.5% decrease from February 2024. Total YTD volume reached 170.3 million contracts, a 2.0% decrease from the same period in 2023.
- MIAX Pearl Options reached a monthly volume of 48.3 million contracts, a 27.0% decrease YoY, and a 9.4% decrease from February 2024. Total YTD volume reached 153.5 million contracts, a 13.9% decrease from the same period in 2023.
- MIAX Emerald Options reached a monthly volume of 33.6 million contracts, a 7.6% increase YoY and a 0.2% decrease from February 2024. March 2024 market share reached 3.9%, a 20.3% increase YoY. Total YTD volume reached 98.9 million contracts, a 20.8% increase from the same period in 2023.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.5 billion shares, a 1.1% increase YoY and representing a market share of 1.87%, a 20.8% increase YoY. Total YTD volume reached a record 13.2 billion shares, a 39.6% increase from the same period in 2023. YTD market share reached a record 1.83%, an increase of 42.1% from the same period in 2023.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 171,307 contracts, a 29.4% decrease YoY and representing a 48.1% decrease from February 2024.
Additional MIAX Exchange Group and MGEX trading volume and market share information are included in the tables below.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options |
Mar-24 |
Mar-23 |
% Chg  |
Feb-24 |
% Chg |
Mar-24 |
Mar-23 |
% Chg |
|
|
Trading Days |
20 |
23 |
20 |
61 |
62 |
||||
|
U.S. Equity Options Industry |
861,219,614 |
963,375,498 |
-10.6 % |
888,779,369 |
-3.1 % |
2,641,960,518 |
2,630,831,722 |
0.4 % |
|
|
MIAX Exchange Group |
136,950,995 |
161,313,643 |
-15.1 % |
145,254,160 |
-5.7 % |
422,730,969 |
433,956,534 |
-2.6 % |
|
|
MIAX Options |
55,108,636 |
63,968,591 |
-13.9 % |
58,313,579 |
-5.5 % |
170,277,384 |
173,801,092 |
-2.0 % |
|
|
MIAX Pearl |
48,290,830 |
66,151,794 |
-27.0 % |
53,312,809 |
-9.4 % |
153,535,300 |
178,258,282 |
-13.9 % |
|
|
MIAX Emerald |
33,551,529 |
31,193,258 |
7.6 % |
33,627,772 |
-0.2 % |
98,918,285 |
81,897,160 |
20.8 % |
|
|
Multi-Listed Options ADV |
Mar-24 |
Mar-23 |
% Chg |
Feb-24 |
% Chg |
Mar-24 |
Mar-23 |
% Chg |
|
|
U.S. Equity Options Industry |
43,060,981 |
41,885,891 |
2.8 % |
44,438,968 |
-3.1 % |
43,310,828 |
42,432,770 |
2.1 % |
|
|
MIAX Exchange Group |
6,847,550 |
7,013,637 |
-2.4 % |
7,262,708 |
-5.7 % |
6,930,016 |
6,999,299 |
-1.0 % |
|
|
MIAX Options |
2,755,432 |
2,781,243 |
-0.9 % |
2,915,679 |
-5.5 % |
2,791,433 |
2,803,243 |
-0.4 % |
|
|
MIAX Pearl |
2,414,542 |
2,876,165 |
-16.0 % |
2,665,640 |
-9.4 % |
2,516,972 |
2,875,134 |
-12.5 % |
|
|
MIAX Emerald |
1,677,576 |
1,356,229 |
23.7 % |
1,681,389 |
-0.2 % |
1,621,611 |
1,320,922 |
22.8 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market |
Mar-24 |
Mar-23 |
% Chg |
Feb-24 |
% Chg |
Mar-24 |
Mar-23 |
% Chg |
|
|
MIAX Exchange Group |
15.90 % |
16.74 % |
-5.0 % |
16.34 % |
-2.7 % |
16.00 % |
16.50 % |
-3.0 % |
|
|
MIAX Options |
6.40 % |
6.64 % |
-3.6 % |
6.56 % |
-2.5 % |
6.45 % |
6.61 % |
-2.4 % |
|
|
MIAX Pearl |
5.61 % |
6.87 % |
-18.3 % |
6.00 % |
-6.5 % |
5.81 % |
6.78 % |
-14.2 % |
|
|
MIAX Emerald |
3.90 % |
3.24 % |
20.3 % |
3.78 % |
3.0 % |
3.74 % |
3.11 % |
20.3 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Mar-24 |
Mar-23 |
% Chg |
Feb-24 |
% Chg |
Mar-24 |
Mar-23 |
% Chg |
|
Trading Days |
20 |
23 |
20 |
61 |
62 |
|||
|
U.S. Equities Industry |
240,460 |
287,366 |
-16.3 % |
234,704 |
2.5 % |
717,786 |
730,610 |
-1.8 % |
|
MIAX Pearl Volume |
4,485 |
4,438 |
1.1 % |
4,062 |
10.4 % |
13,152 |
9,424 |
39.6 % |
|
MIAX Pearl ADV |
224 |
193 |
16.2 % |
203 |
10.4 % |
216 |
152 |
41.8 % |
|
MIAX Pearl Market Share |
1.87 % |
1.54 % |
20.8 % |
1.73 % |
7.8 % |
1.83 % |
1.29 % |
42.1 % |
|
Futures & Options Trading Volume and Open Interest for MGEX, |
Year-to-Date Comparison |
|||||||
|
Futures Contracts |
Mar-24 |
Mar-23 |
% Chg |
Feb-24 |
% Chg |
Mar-24 |
Mar-23 |
% Chg |
|
Trading Days |
20 |
23 |
20 |
61 |
62 |
|||
|
MGEX Total |
171,307 |
242,712 |
-29.4 % |
329,921 |
-48.1 % |
721,254 |
661,586 |
9.0 % |
|
MGEX Average Daily Volume |
8,565 |
10,553 |
-18.8 % |
16,496 |
-48.1 % |
11,824 |
10,671 |
10.8 % |
|
MGEX Open Interest |
75,737 |
73,365 |
2.9 % |
71,095 |
6.5 % |
|||
About MIAX
MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire LLC (MIAX SapphireTM), Minneapolis Grain Exchange, LLC (MGEX™), LedgerX LLC (LedgerX), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading).
MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission that are enabled by MIAX’s in-house built, proprietary technology. MIAX offers trading of options on all three exchanges as well as cash equities through MIAX Pearl Equities™. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism. MIAX also serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).
MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and offers trading in a variety of products including Hard Red Spring Wheat Futures. MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM and DCO services in an array of asset classes.
LedgerX is a CFTC regulated exchange and clearinghouse and is registered as a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO) and Swap Execution Facility (SEF) with the CFTC.
BSX is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organized in 1971. BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.
Dorman Trading is a full-service Futures Commission Merchant registered with the CFTC.
MIAX’s executive offices and National Operations Center are located in Princeton, N.J., with additional U.S. offices located in Chicago, IL and Miami, FL. MGEX offices are located in Minneapolis, MN. LedgerX offices are located in Princeton, N.J. BSX offices are located in Hamilton, Bermuda. Dorman Trading offices are located in Chicago, IL.
To learn more about MIAX visit www.miaxglobal.com.
To learn more about MGEX visit www.miaxglobal.com/mgex.
To learn more about LedgerX visit www.ledgerx.com.
To learn more about BSX visit www.bsx.com.
To learn more about Dorman Trading visit www.dormantrading.com.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.
Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
[email protected]
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HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.
Launch of Physical Cards
COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.
Wallet Growth Milestone
The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.
Transaction Volume Surge
In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.
Integration with Revolut
COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.
Award Recognition
COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.
New Strategic Partnerships
COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.
Welcoming Pavel Matveev
COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.
Season 2 Point System Launch
Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.
NFT Giveaway
In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.
For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.
Website: coca.xyz
COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.
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VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.
GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.
Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.
For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning
DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.
Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.
In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.
On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”
Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”
Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests
About Trust Wallet
Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.
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