Bitcoin approaches the last weekly candle for the month of August. Traders discuss where BTC might be headed next in the short to long term. The price of Bitcoin (BTC) is approaching the last weekly candle for the month of August. Some traders believe Bitcoin’s performance over the next two weeks could decide whether its…
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July saw a major shift towards top-tier exchanges on spot markets, while derivatives volumes continue to eat into spot volumes market share. CryptoCompare’s cryptocurrency Exchange Review for July 2020 has recently been published, giving an insight into last month’s exchange volume data and trends. Key points of interest include a flippening of sorts in the…
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Ethereum price has stalled below $440 but ETH options and futures data suggest that $500 is closer than it might seem. Open interest on Ether (ETH) futures grew by 250% over the past three months to reach $1.7 billion. This incredible build up occurred as the cryptocurrency broke the $400 resistance to reach its highest…
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Ethereum price surged to a two-year high at $445 and record open interest on ETH futures hints that the rally will continue. Today the price of Ethereum’s Ether (ETH) hit a two-year high according to data from crypto trading terminal Crryptowatch. Despite the breakout to $445, open interest on ETH futures remains steady at a…
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Bitcoin futures open interest is currently at an all-time high as traders expect more upside for BTC’s spot price. Bitcoin (BTC) futures trading has been on a high since July 21 with both the Chicago Mercantile Exchange and Bakkt seeing sizeable increases in volume and open interest for their contracts. This resurgence in BTC futures…
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An upcoming merger is slated to see Diginex’s newly launched Equos exchange become the first crypto trading platform listed in the United States. Blockchain-powered financial services company Diginex launched its new Equos digital asset exchange on July 30. The exchange will initially host crypto asset spot trading, with plans for “perpetual swaps, dated futures, options,…
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Bybit exchange’s CEO believes maturity of the crypto derivatives market plays an important role in attracting more institutional investors. In a Cointelegraph China Great Bay Area International Blockchain Week pre-event interview on July 29, Ben Zhou, CEO of derivative exchange Bybit, argued that the maturity of the derivatives market is the main reason for institutions…
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Malta-based cryptocurrency exchange OKEx now features daily, two-day, and monthly options trading for BTC/USD, ETH/USD, and EOS/USD. OKEx, the second largest crypto options trading platform after Deribit, is expanding its options trading types. Starting July 24, OKEx features new crypto options trading opportunities including daily options, two-day options, and monthly options. OKEx now features seven…
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High usage of leverage in Bitcoin futures is the symptom of a gambling mentality in crypto, argues CMS Holdings’ Dan Matuszewski. Crypto-focused institutional trading desks are lately springing up. While Wall Street investment banks and hedge funds are still in the early stages of involvement, a class of crypto-native funds founded by institutional pros is…
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New Zealand-based crypto data firm Brave New Coin has partnered with a new Canadian options exchange to develop indexes for its forthcoming crypto markets. Digital asset data firm Brave New Coin (BNC) has inked a multi-year deal with the Toronto Futures Options Swaps Exchange (tFOSE) to power its crypto options trading. BNC’s data will enable…
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