CME Looks to Take on Binance and Coinbase, Could Launch Spot Bitcoin Trading: Report
The CME is already the top bitcoin futures exchange by open interest, while the offshore, non-regulated Binance dominates the spot market.
The CME is already the top bitcoin futures exchange by open interest, while the offshore, non-regulated Binance dominates the spot market.
Most funds may have taken short positions as a part of a “carry trade,” one observer said.
Bitfinex Derivatives announced the launch of perpetual futures tied to Volmex’s proprietary bitcoin and ether implied volatility indices.
The price surge implied that the token could debut with a market cap of over $500 million.
The fund comes with a small twist in that it can allocate up to 5% of its assets into bitcoin futures contracts.
Notional open interest refers to the dollar value of the active or open futures contracts at a given time.
The attractive yield on the market-neutral cash and carry trade could draw more money to the crypto market.
Starknet is set to launch its native token STRK through an airdrop of 728 million coins on Feb. 20.
While notional open interest has surged, the overall leverage build-up is still relatively low.
The total derivatives trading volume on CME rose 35% in January to $94.9 billion, the highest since October 2021.