Cryptocurrency exchange OKEx announced the launch of its Ether options contracts on its trading platform. Cryptocurrency exchange OKEx announced the launch of Ether (ETH) options contracts on its trading platform. According to a June 4 announcement, following today’s launch of ETH options, OKEx will also launch EOS options contracts on June 18. The firm also…
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The price of Bitcoin abruptly dropped to $8,600 in less than five minutes on June 1, and top crypto traders are split on the direction it will go. The price of Bitcoin (BTC) suddenly dropped from $10,000 to $8,600 on BitMEX as nearly $140 million worth of long contracts were liquidated. The pullback came merely…
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New funding from CoinFund will help Delta establish a further presence in the Indian market. Crypto derivatives exchange Delta Exchange has announced a new injection of funding from blockchain investor CoinFund, aiming to provide strategic resources for both parties in their focus to expand in India. According to the announcement, New York-based firm CoinFund looks…
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CME customers would rather trade cash-backed Bitcoin products at present. Chicago Mercantile Exchange’s, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC). “So far, clients have expressed a clear preference and priority for a cash-settled product,” McCourt told…
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Crypto derivatives platform Deribit launched a new external custody solution designed to reduce auto-deleveraging risks amid tumultuous markets. Crypto derivatives platform Deribit is launching a new external custody solution designed to help with faster collateral transfers and reduce auto-deleveraging risks in tumultuous markets. On May 14, the Panama-based exchange announced its full integration of the…
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The run-up to Bitcoin’s halving has driven near-record volumes, with April 30 posting the second-largest daily trade on record. Pre-halving speculation has driven historic volumes of crypto trade, with April 30 producing the second-strongest single day for volume on record according to a report published by market data aggregator, CryptoCompare. Notional volume for BTC options…
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Recent turbulence has brought traditional tools such as circuit breakers to the forefront of crypto community discussions. Since the inception of Bitcoin, volatility has been a part of the cryptocurrency narrative even before exchanges and the current mainstream mentions. Now that traditional markets are showing volatility further exacerbated than anti-fragile cryptocurrency during the coronavirus pandemic,…
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Total futures trading volume skyrocketed during the first quarter of 2020 in comparison to 2019 data. A study by TokenInsight indicates that the total futures trading volume in the crypto industry reached over $2.1 trillion in Q1 2020. This is an increase of 314% from the 2019 Q4 average. According to the “2020 Q1 Cryptocurrency…
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BitMEX, the world’s third largest crypto exchange, has continued to lose its market share to Binance exchange after the Black Thursday crash. BitMEX, one of the world’s biggest crypto derivatives exchanges, is still struggling to recover from a major market sell-off that followed the Black Thursday crash in March. According to an April 21 report…
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US traders have one more place where they can place bets on the future price of BTC. It’s becoming a little more common for exchanges to have the government’s blessing to trade BTC derivatives. Bitnomial Exchange is the latest to join this mostly private party, having received a so-called “order of designation” from the Commodity…
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