CoinMarketCap Finds the Solution to “Fake/Suspicious” Volume

In 2019, it was reported that 95% of the bitcoin trading volume is fake.

About a month after that, CoinMarketCap said they are “working hard to build constructive solutions to address volume concerns.”

Now, a year since the report came, CoinMarketCap has found the solution to tackle this issue.

Over a month after the leading spot exchange Binance acquired CMC in a $400 million deal, the crypto data tracker has exchanged the “volume” criteria for ranking cryptocurrency exchanges with the web traffic category.

à la ‘If you don’t have a solution, change the question!’

Real Volume? Remove suspicious volume!

Interestingly, the day Binance acquired CMC, the exchange was ranked 15th with a reported volume of $6.7 billion. However, the adjusted volume, a metric to exclude data that is “skewed or potentially suspicious,” reported just over $2 billion.

But this metric is now removed from the site.

And based on the new metric, Binance got the top spot!

“What did you think was gonna happen? Six weeks in and binance acquisition of CoinMarketCap already being abused to manipulate the rankings,” called out analyst Mati Greenspan.

Greenspan has been against Binance’s decision to acquire CMC from the start which he said is “buying out the ranking site in order to manipulate your way to the top.”

Source: CoinMarketCap

According to Binance founder and CEO Changepeng “CZ” Zhao, the new rankings are “better than before,” and he finds it useful as “I can finally have a clear view of the field and see who the real upcoming exchanges are.”

With the new metrics, “We strive to maintain a high standard for data transparency and integrity in our industry,” he said.

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Author: AnTy

This Crisis Is A ‘Perfect Storm’ For Bitcoin But We Could Be In For A ‘Prolonged Bear Market’

Bitcoin is back in the green, recording the gains of 3.14% in the past 24 hours while volume on the top ten exchanges with real volume remains above a billion.

As Bitcoin turned green, altcoins also registered gains but not as much as Bitcoin except for the likes of Digibyte which is up 10.83%, CRO 9.36%, Verge 8.86%, Horizen 7.39%, and IOTA 4.42% among others.

Source: Coin360

Bitcoin might be seeing gains for now but commentators are predicting negative price action in the short term.

The world’s leading cryptocurrency has a demand zone in $5,900s. According to a popular trader with the pseudonym Bitcoin Jack, “For now, this is an interesting price level. If we close with an SFP (>6060) I will add margin to my 4500-4800 longs.”

Also, the record volume suggests, “weak hands cleaned.”

BTC price to take yet another hit?

Interestingly, Bitcoin futures are currently trading $1,500 under the level on spot exchanges, which is “exactly the opposite situation,” to the time bitcoin got down to its bottom and we went to a $1,500 backwardation, a situation where the price of a commodity futures contract trade below its spot price, said the trader with the pseudonym Ugly OldGoat.

The trader is expecting a “prolonged” bear market for six to nine months adding that “Competition is going to be on the Bitcoin Standard. It won’t be constipation between Crypto Currencies.”

Structurally we could into a bear market, as the trader explained,

“we went to the big contango when we went for $500 over the spot it became very attractive for the commercial interest to sell Bitcoin and the smart ones were, they sold it all the way up from $11,500 up to $14,500 and they’ve locked in their profits for the year which is really healthy for Bitcoin because you know we don’t have to worry about the miners making it this year. If this market fizzles and goes back down and test lows again at $3,000 they’re gonna be just fine.”

The ones that definitely have to be concerned are the speculators, he said.

Another trader who is expecting a bearish scenario before the halving is FlibFlib who sees the price of the flagship cryptocurrency going below $4,000 at the end of April.

Bitcoin must rally or crypto in big trouble

Bitcoin has been trading like a risk-on asset, trailing stock markets, which have turned mixed today yet again. Volatility continues to control the financial markets as COVID-19 pandemic rages on. While US Treasury yield tumbled, Brent Crude oil price went below $20 a barrel, the lowest level in 17 years.

Investors are currently weighing the toll from the virus against policymakers’ efforts. On Sunday, Treasury Secretary Steven Mnuchin said workers can expect their direct checks from the $2 trillion stimulus package in about three weeks. Also, President Trump said the social distancing guidelines will remain through April 30.

Coronavirus cases meanwhile climbed over 732,000 globally, as per Johns Hopkins data. In the US, the number of cases rose above 143,000 and death over 2,000. Dr. Anthony Fauci, director of the National Institute of Allergies and Infectious Diseases, believes the virus could claim as many as 200,000 Americans’ lives amidst “millions of cases.”

This crisis according to veteran trader Peter Brandt, is the “perfect storm” for Bitcoin and if the digital asset “cannot rally on this, then crypto is in BIG trouble.”

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Author: AnTy

Bitcoin Miner Fees Jumps a Whopping 196% YTD while Indicators Turning Bullish

  • Bitcoin price and volume is down while volatility jumps above 9%
  • Long-term velocity turned bullish while MVRV Z-Score indicates market bottom

It’s just another day in the crypto market with Bitcoin down 6.36% trading at $6,225. The market doesn’t seem to decide on where it wants to head right now, as the market records double-digit percent changes in both the directions.

The crypto market started climbing this week after the stock markets found a temporary bottom. Given that cryptocurrencies are acting like risky assets in line with stock markets, it’s no surprise that the momentum has been positive throughout this week.

But the 7-day average real trading volume has dropped down after the volatile period for the past two weeks but still higher than the average recorded earlier in 2020. And increasing prices on decreasing volume is usually a bearish signal.

The 30-day volatility for the BTC price that has been extreme these days meanwhile has jumped above 9%. As Arcane Research notes, “with the global turmoil and volatile stock markets, it doesn’t look like the bitcoin price movements will settle down either.”

The rise in BTC’s price has the world’s top cryptocurrency leading the way with an increase in its dominance. While Bitcoin is closing up on Small Caps ahead of both Large and Mid Cap crypto indexes, Mid Caps continue to be the worst performer, down 34% this month.

However, despite the price boost, bitcoin is up 70% from its $3,850 bottom, the market sentiments are still reflecting “extreme fear” in the market with the Fear & Greed Index having a reading of 14. The last time the market stayed in “Extreme Fear” this long was in December 2018.

The Bitcoin Network

As we reported, mining difficulty for bitcoin declined by almost 16%, which has been the second biggest drop in its history. The largest drop was on October 31, 2011, of 18.03%. The network difficulty adjusts every 2016 block or 2 weeks in order to ensure that the network continues to mine new blocks every 10 minutes.

This decline came on the back of a drop in the hash rate following the crash in price two weeks ago. This decline indicates that fewer miners are competing to solve the math problem to mine the block and win freshly minted BTC.

Mining fees meanwhile jumped 47.8% since last month and a whopping 196% YTD, as per Glassnode.

Amidst this, the bullish metric is a long-term velocity that measures the speed at which bitcoin is moved through the network. A velocity of 600% means, active coins move six times per year and it has yet again turned bullish last week after being below 600% since August 2019.

Yet another bullish indicator is MVRV Z-Score which is used to assess when Bitcoin is under or overvalued relative to its fair value. It dropped under and then promptly bounced back over 0 in a space of two weeks and “historically, falling into the green zone has indicated market bottoms.”

Latest Bitcoin Price News and Crypto Market Updates

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Author: AnTy

Bitcoin Miners Are Shutting Off their Rigs as Hash Rate Drops 28% from ATH

  • Trading volume hit new highs on sell-off
  • Bitcoin hash rate down 28% from ATH on March 1st at 136.2 Th/s to below 100 Th/s
  • Bitcoin mining difficulty preparing for a negative 6.5% to 9.1% change
  • Mining profitability falls to its all-time low of 0.077

The price of Bitcoin is keeping stable at around $5,000, currently trading at $5,325 with 24 hours gains of 5.79%. In the past 24 hours, $1.75 billion worth of bitcoin exchanged hands.

The trading volume of the digital currency reached near record highs amidst the deep sell-off last week. On March 12th, bitcoin trading volume soared to a two year high with more than 416,000 BTC changing hands.

The high beat the second-highest day occurred on November 20, 2019, when bitcoin just like the past week, experienced a sudden, deep sell-off.

Source: @TradeBlock

Hash Rate Drops

The bitcoin price went down to as low as $3,850, last recorded in March 2019. The hash rate of the network at that time didn’t falter but finally, the effects could be seen on the hash rate — the computation power to mine BTC. Bitcoin mining pool F2Pool said,

The hash rate of the network is currently down over 28% from the all-time high on March 1st at 136.2 Th/s to back below 100 Th/s, as per data analytics firm

Bitcoin miners, particularly in China have started to feel the brunt of the BTC price crash. According to data from F2Pool, a majority of the mining pools have recorded a drop in hash rate. F2Pool tweeted on March 12,

Crypto exchange Huobi’s mining pool experienced a drop of 26% over the past week with 1THash close behind with a loss of 20%. Meanwhile, the bigger pools like Pooling, F2Pool, and saw a decline of only 18%, 12%, and 10%.

The bitcoin mining difficulty that has been surging in line with the hash rate and has yet to see a decline is preparing for a negative 6.5% to 9.1% change in the difficulty in the next 8 days. F2Pool said,

Bitcoin mining profitability at a record low

Bitcoin mining profitability has already taken a hit. Less than two months away from reward halving, mining profitability has fallen to its all-time low of 0.077.

With revenues gone flat and a 100% increase in costs, miners will feel the pinch right now which would result in an increase in block times and fees as “transactions compete for space in the chain,” said James Bennett, CEO of crypto data analysis firm ByteTree.

At this point, even the most efficient mining equipment like Bitmain’s AntMiner S17 Pro and WhatsMiner M20S of MicroBT are generating daily profits at a gross margin below 50%.

Now, come halving which will reduce miner revenue by half, if the price of bitcoin doesn’t bounce back higher, miners will capitulate. Christopher Bendiksen, Head of Research at Coin Shares said,

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Author: AnTy

Neither Bitcoin Nor Gold; Is Cash the Only Safe Haven During A Panic?

  • Bitcoin volume skyrockets amidst the worst sell-off in 7 years
  • A major volatility spike was also recorded that was last seen in 2014
  • Only cash is the safe haven during the time of crisis and panics

Bitcoin had its worst sell-off in 7 years as it dropped to $3,850 and even lower at $3,600 on BitMEX that resulted in only 44% of Unspent transaction output (UTXOs) in profit. Bitcoin’s market value to realized value (MVRV) has also fallen below 1 while Net unrealized profit/loss (NUPL) has dipped into capitulation. Bitcoin and USDT exchange inflows meanwhile surged during this sell-off.

A drop of about 66% from 2020 high of $10,500, saw a reshuffling of bitcoin ownership as a lot of bitcoin changed hands this week. The daily trading volume skyrocketed amidst the sell-off, going to the level last seen in 2019.

A whopping $4.2 billion changed hands on March 12 with the 7-day average real trading volume spiking to $1.5 billion, more than double the volume we recorded at the beginning of the week.

Such a big move has the 20-day volatility jumping above 7%, not seen since 2014. The futures market for bitcoin also turned extremely volatile, with the premium rates on futures gone. Most of the contracts are now trading below the spot price.

The March contract on deribit is trading $300 below spot price “implying an astonishing -80% annualized premium.” The bearish sentiment can be seen in the futures market as contracts for September expiry are also trading below spot.

It was Panic Selling Not Institutions Behind Bitcoin’s Crash

The crash in bitcoin price also recorded the highest correlation with the stock market in BTC history, going from 0.1 to over 0.5.

“Today proves that institutions buying Bitcoin has a flip side,” commented bitcoin developer Jimmy Song.

However, billionaire investor Mike Novogratz of Galaxy Digital believes that isn’t the case.

“That wasn’t institutions. That was a leveraged washout. Institutions aren’t fast enough to sell like that. That was panic selling from people who bought on margin,” said Novogratz.

We have been seeing the same sell-off even in gold, a traditional safe-haven asset which during the times of emergency had its worst weekly drop since 2013.

As Ari Paul says, “during standard panics, *everything* sells off except cash. That’s because people want the stuff that lets them buy food and pay rent. Fear = everything falls except cash.”

On BTC as a safe haven, he said the deflationary crypto asset “does well when people *fear cash* – when they fear inflation/depreciation,” and not economic turmoil. Bitcoin was introduced as a censorship-resistant way to exchange value.

“I’d argue it’s more valuable as a seizure resistant asset. Live in a place where a bank or thugs or the government might confiscate your money? It’s very useful to you,” said Paul.

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Author: AnTy

Bitcoin will be Just Fine, Here’s Why a 45% Crash is Still a Buy the Dip Opportunity

  • Bitcoin price crashed 45% in a single day and the volume went 10x the normal size
  • BTC bulls just betting that framework is correct, will boom like anything once the dust settles – Travis Kling
  • BTC is the only truly free market that doesn’t need govt intervention to stabilize – macro analyst

In a crypto carnage yesterday, Bitcoin price lost about 45% of its value, falling to one year low of $3,850. Currently, we are back above $5,200, nearing $5,500 but the market still remains fearful of what’s to come now, go another leg lower, range at current levels or make our way back.

As Michael Arrington, founder of TechCrunch, and CrunchBase noted, “This was like all of 2018 in one evening.”

Interestingly, this volatility saw a massive amount of BTC move on-chain. In blocks 621358 and 621259, over 200,000 BTC and 600,000 BTC moved respectively.

Since the price drop, 10k-100k BTC per block, 10x the normal volume, were moved.

“Too much panic and too little reason”

On Feb. 13, Bitcoin price climbed to 2020 high at above $10,500 but the black swan event coronavirus (Covid-19) and oil price war that rocked the global stock markets, experiencing their worst days since 2008 financial crisis and losing trillions of dollars in the process also hit the crypto market hard.

However, what had the digital asset in free-fall was the massive liquidations on the crypto derivatives platform BitMEX.

Interestingly, while Ethereum followed Bitcoin to deep losses, altcoins didn’t fall as hard this time.

There is bloodbath on the crypto street and investors are trying to maintain the confidence to buy the dip and according to some industry commentators it’s the right opportunity for that.

According to Edward Snowden, Wikileaks founder, and a bitcoin proponent, this has been too much panic leading the prices down which had him tempted to stack some sats.

Bitcoin Price cointegration with S2F Model Intact

Macro investor Dan Tapiero, Gold Bullion International co-founder also has some soothing words for the bitcoin investors and holders who point out within a day the digital asset lost about 45% of its value only to stabilize later in the day, that too without the help of central banks and government. Tapiero said,

“BITCOINERS: Hearing guys whine that btc is krap, not a hedge, not digital gold, it’s going to zero etc..stfu. Btc is the only true free market in the world. Btc is the only asset that can go down 50% in one day and doesn’t need govt intervention to stabilize. It will be fine.”

On the current market condition Travis Kling, former equities portfolio manager, now running crypto fund Ikigai feels once the dust settles and economic activity resumes, central banks inject trillions of new dollars, “off that bottom, there is no other asset on the planet that will move like Bitcoin.”

“Bitcoin is either antifragile or it isn’t. If it is, by definition it will come out of this stronger than it went in. There is a framework to evaluate “antifragility”. It’s not evaluated haphazardly, but with sound logic. So BTC bulls today are betting that framework is correct,” said.

To further boost your confidence, the bitcoin price is still following the stock-to-flow model.

“Doesn’t look like a real black swan to me, red dot still very much in the blue zone,” said the analyst on the digital asset being Black Swanned!

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Author: AnTy

Bitcoin is a Safe Haven Asset by Being Uncorrelated & Censorship Resistant: Arcane Research

  • As Bitcoin price drops, so does the Fear and Greed Index. Trading Volume on CME drops to a new 2020 low
  • Bitcoin is a great tool for asset diversification in an investment portfolio, with no uncertainty on its other underlying assets

Bitcoin’s (BTC) price wiped out gains made in February. The digital asset started the month at around $9,400, and ended at just above $8,600, losing 8.5% of its value in the process.

This has the Fear and Greed Index falling to 39, a level not seen for nearly two months. Additionally, the volume on the regulated platform CME dropped to a new 2020 low, just after hitting the highest trading volume.

Similarly, the total volume of the world’s top ten exchanges, the amount of bitcoin exchanging hands went from over a billion in 2020 so far, down to just 275 million yesterday.

The crash came during the Coronavirus (Covid-19) scare that has the stock market experiencing its biggest weekly drop since 2008 while gold surges to 7-year highs.

Because Bitcoin has been falling with the stocks lately, its position as a safe haven asset came under fire. According to Arcane Research, Bitcoin

“is not a safe haven because it goes up when there is global instability.”

This has been because two of Bitcoin’s unique properties; first being that it’s uncorrelated with all other asset classes while also being censorship-resistant as a second.

Bitcoin: Great for Diversifying Your Portfolio?

Talking about Bitcoin’s uncorrelation, the authors Torbjørn Bull Jenssen & Bendik Norheim Schei argued that the negative correlation isn’t of any value in itself because it doesn’t create any additional value:

“With the financial tools and products available in the market, negative correlation can easily be created by short-selling assets. One can even decide the level of negative correlation with leveraged positions.”

A correlated asset is also unique, which also makes bitcoin an “interesting” and suitable safe-haven asset.

“A safe haven that is neutral to every asset class, has its own distinct value drivers and reacts to news and changes around the world differently than other assets. Bitcoin doesn’t follow gold, stocks, bonds or any other asset. This leads to an asset that is great as a tool for the diversification of an investment portfolio,” states Arcane Research.

Being correlated means the asset can fluctuate randomly over time, much like we saw this year. Earlier in 2020, Bitcoin went up while stocks remained relatively flat. This week, by contrast, Bitcoin fell with the stock market.

Because most assets are correlated, “this might drive demand for uncorrelated assets in turbulent times.” Additionally, this could potentially lead to a negative correlation between safe havens and the rest of the financial markets.

There’s No Uncertainty on What the Asset’s Underlying is

For an asset to be a truly global safe-haven asset: liquidity, censorship resistance, and low credit risk are “paramount” attributes.

“Bitcoin allows one to buy an asset that always represents the same value as the market price, with no uncertainty on what the asset’s underlying is.”

And while this sounds similar to physical gold, Bitcoin outperforms gold’s properties — It’s easy to store and transfer around internationally, no reliance on third parties, and protection from confiscation and censorship.

The main issue with Bitcoin is limited liquidity which has rapidly become a non-issue as it trades all over the world, 24 hours a day and 365 days a year.

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Author: AnTy

Retail And Institutional Investors in Agreement Over Bitcoin’s $10,000 Price

  • The trading volume of CME Bitcoin futures contracts is now pushing to new highs
  • A strong rise in open interest as well, Bakkt’s reaching for ATH
  • Bitcoiners to make up 30-50% of the world’s financial elites

Bitcoin is holding strong in 2020. We are just over a month into the year and the crypto market has been flying.

BTC is up over 33% YTD while trading at $9,775. Volume on spot exchanges is maintaining its momentum and keeping above $1 billion.

Among the regulated crypto exchanges, trading volume for CME Bitcoin futures contracts is now pushing to new highs. The 7-day average volume went above $600 million last week, the highest since the bitcoin price topped last summer at $13,900. January recorded an increase of more than 250% in daily volume.

There has also been a strong rise in open interest for CME’s bitcoin futures contracts. Just like CME, Bakkt‘s BTC Futures Open Interest has also reached a new all-time high.

Retail, however, still dominates the derivatives market for bitcoin as crypto derivatives platform BitMEX manages a daily trading volume 10x the size of CME.

Bitcoin Already Trading Above $10,000

Bitcoin is looking ready to break the $10,000 barrier in the spot markets soon but the futures market, however, is already trading above this level.

In the futures market, for the first time in several months, retail and institutional investors are in agreement. While CME bitcoin futures trading above $10k, BitMEX’s June futures are trading above $10,150. The premium rates for March contracts also keep on rising.

Still Far From The Dot Com Bubble Equivalent

Another bullish figure can be seen in the Bitcoin being bought by institutional investors. Last year, over $400 million worth of BTC was bought from Grayscale’s Bitcoin Trust (GBTC). These GBTC shares also trade on a premium, currently at 11.7 for ownership of 0.00097 BTC. These coins also have a lock-up period of 1 year.

As of Feb. 7, a total of 283,192 BTC are in GBTC, holding close to 2% of all BTC supply minus the lost coins.

With the demand side strong and supply to take a shock with the upcoming halving, the sky’s the limit for Bitcoin.

As Hodlonaut notes, “The scarcity of Bitcoin has not even begun to be understood yet. It will deliver many hard lessons in the years to come.”

This also means, “The equivalent of the Dot Com bubble of 1999 hasn’t happened to Bitcoin yet. We’re still in 1992,” says analyst Misir Mahmudov.

Bitcoiners To Make Up 30-50% Of The World’s Financial Elites

For some this scope could be as high as $1 million. If Bitcoin does surge to that level, that would give 100k bitcoiners “Ultra High Net Worth Individual” status.

“With worldwide UHNWIs projected at only ~200k by 2022, this means the Bitcoin 1% could by then make up 30-50% of the world’s financial elites,” hypothesis Tuur Demeester.

Currently, Hong Kong, New York, and Singapore have the highest density of the ultra-high net worth individuals but with Bitcoin’s another parabolic rise this dynamic could take a drastic shift. Interestingly, Forbes’ 2019 rich list was dominated by the people from the technology industry.

With Bitcoin already being the best performing asset of the decade with a nine million percent increase in the 2010s, rise to the moon won’t be unprecedented for this asset class.

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Author: AnTy

Binance Launches Crypto Cross Collateral, Tezos (XTZ) Futures, And Russian Ruble Instant Buy

One of the leading crypto exchanges in trading volume, Binance is now allowing users to put crypto as cross collateral when funding futures trading. Besides, it has made Tezos (XTZ) futures trading available and added support for instant crypto purchases with the Russian Ruble.

Cross Collateral for Futures Contracts Trading

With the Cross Collateral feature, users are able to trade futures contracts and use them as collateral the assets stored in their Binance wallet. Traders who use the service can at the moment borrow Tether (USDT) at 0% interest against Binance USD (BUSD) holdings. BUSD is Binance’s own stablecoin.

The Binance Futures platform allows users to trade 13 high leverage pairs and to manage risks by hedging the existing positions. The exchange is offering 125x leverage, which is the highest among all crypto exchanges. On Tuesday, it has also announced that is going to change the fees for liquidity to be added by market makers to its futures platform.

XTZ is the Latest Cryptocurrency to Land on the Binance Futures Platform

February 5 has been a very busy day for Binance, as it has also added to its futures platform an XTZ/USDT perpetual contract, the new product being scheduled to go live on February 6, at 8:00 am.

Binance Futures has also announced Dash (DASH) and Zcash (ZEC) perpetual contracts, so it’s expanding its offerings quite fast, not to mention it launched 8 other futures products in January.

Instant Crypto Purchases with the Russian Ruble

As said before, Binance has also enabled instant crypto purchases of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Binance Coin (BNB) with the Russian Ruble. Users will be able to complete these purchases in under a minute, without having to make a deposit. Other currencies and Mastercard support are scheduled in the near future too. The Ruble trading was launched silently and at the end of October last year, deposits and withdrawals in the currency being possible on the platform ever since then.

As Binance’s CEO, Changpeng Zhao said, Russia was among the exchange’s top 10 markets. A survey conducted by Russian crypto news agency Forklog last summer shows that Binance is the most popular crypto exchange not only in Russia but also in Belarus and Ukraine.

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Author: Oana Ularu

Binance Adjusts Its Fee Structure To Entice Market Makers To Increase Futures Liquidity

The largest cryptocurrency exchange in the world in terms of volume, Binance, has revised its fee program in efforts to reward market makers for increasing futures liquidity CoinDesk reports.

In an official press statement released on Monday, Binance revealed that market makers for the Futures program will be awarded a negative fee for various trading pairs. The statement describes a market maker as a user who increases liquidity through purchasing and selling limit orders where the limit prices being either higher or lower than the prevailing market price. In other words, a market maker is a user who removes liquidity from the market via filling a previously placed.

Crypto exchanges in most instances, come up with different techniques to increase liquidity within their platforms by providing makers reduced fees in comparison to the ones given to takers when they are filling an order.

Binance did not reveal the details of the negative fee program. However, for a user to be part of the program, they must have more than 1,000 BTC trading volume for the last 30 days on the Binance platform. The announcement also indicates that one must have ‘quality market maker strategies’. In addition, Binance says it will approve proposals that are backed with proof of such trading volumes in different exchange platforms.

The exchange also stated that a performance review will be enforced routinely and will be based on various aspects like market making time, order duration, bid/offer spread as well as the total order size.

The new strategy by Binance can be seen as a plan to deal with intense competition in the derivatives market. In the recent past, both Intercontinental Exchange’s Bakkt as well as Chicago Mercantile Exchange (CME) rolled out Bitcoin options having offered futures contracts.

Since its introduction in September 2019, Binance Futures has witnessed a rapid growth with January’s futures volume increasing by 85% after $56 billion was traded on the platform’s perpetual contract markets.

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Author: Joseph Kibe