The ProShares Bitcoin Strategy ETF (ticker BITO) is proving more popular than it can handle. The fund is already nearing its limit on the number of futures contracts that the Chicago Mercantile Exchange (CME) permits it to hold. Over Popularity of ProShares ETF According to data collected by Bloomberg, the ETF is already holding 1,900...Read More
YESTERDAY, the UK’s Financial Conduct Authority issued a warning to Binance Markets Limited and the Binance Group, making it clear that Binance Markets Limited could not operate in the country as it is currently doing. Binance Markets Limited is not permitted to undertake any regulated activity in the UK. This firm is part of a...Read More
The world’s leading cryptocurrency exchange Binance has launched a “European-style” Vanilla Bitcoin Options contracts priced and settled in Tether (USDT) aimed at institutional and advanced investors. European-style BTC Options on Binance The Malta-based cryptocurrency exchange announced the latest addition to its portfolio of digital asset products in a press release shared with CryptoPotato. The announcement...Read More
Atypical performance isn’t something new for cryptocurrency assets. Flash crashes and massive positive wicks have taken place in the past. Just yesterday, ETH went through something similar. The price of the asset shot up by almost 50% only to crash immediately down to $197 and settle to where it’s currently trading on Binance. ETH Price...Read More
Although the cryptocurrency spot and derivatives trading volume declined on most platforms in September, Binance has taken the lead as the largest derivatives exchange, a new report revealed. Simultaneously, the regulated Chicago Mercantile Exchange (CME) saw steady Bitcoin futures performance, while the options trading exploded. Binance Takes The Top Spot For Derivatives Trading The data...Read More
After celebrating its first birthday earlier this month, Binance Futures has announced a new milestone. The derivatives trading platform of the leading cryptocurrency exchange Binance has exceeded $1 trillion in trading volume since the start of the year. Binance Futures Reaches $1T Trading Volume YTD Launched a year ago, Binance Futures rapidly started expanding its...Read More
Binance’s monthly trading report for August was just released. Data from the report points to striking growth trends in the world’s largest cryptocurrency exchange. However, the key takeaway that stood out was open interest touching the $1 billion mark for the first time since the launch of Binance’s crypto futures trading platform. Crypto Futures Open...Read More
YFI has undoubtedly been the best performing cryptocurrency of the past month in terms of pricing. The governance token of Yearn Finance was announced on July 17th by Andre Cronje and has since taken off in a way no one probably expected. What started as a “0 value” token is currently trading at around $36,000...Read More
Binance has managed to establish itself as one of the most trusted and the leading cryptocurrency exchange in the field. One of the reasons for this is that the company doesn’t stop building new products. From regular listings of new cryptocurrencies to staking, and building new trading features, it appears that there’s always something brewing...Read More
The last 24 hours have been nothing but volatile when it comes to Bitcoin’s price. The cryptocurrency went on a rollercoaster, surging above $12,000, dropping to $10,490, going back up and back down. In short – it’s been a wild few hours. Most interestingly, however, a user’s algorithm “went ballistic,” according to Changpeng Zhao, seemingly...Read More
Chanpeng Zhao, CEO of the leading cryptocurrency exchange Binance, believes that there’s an ongoing altcoin season in the digital asset market. In a recent interview, he also emphasized on Bitcoin’s increased stability, joking that it has become a stablecoin now. CZ Suggests An Altcoin Season During the past several weeks, the altcoin market has boomed...Read More
Following the latest impressive pump in the price of Dogecoin, largely attributed to the influx of TikTok-inspired traders, two major exchanges have added perpetual futures contracts for the coin. This allows users to essentially short DOGE with very high leverage. Dogecoin Receives The Spotlight As CryptoPotato reported yesterday, Dogecoin surged by over 100% in less...Read More
Binance Futures traders held more open positions in June compared to May, even though trading volumes declined month-on-month. Open interest on Binance Futures rose 180% in June compared to May, from 220 million USDT to 580 million USDT. Binance concluded that this might anticipate an increase in Bitcoin volatility. Traders Held More Open Positions in...Read More
Binance is currently the world’s leading cryptocurrency exchange by means of the trading volume. Launched in 2017, the company has managed to become a standard in the industry quickly. Despite its fast phase growing, the giant exchange launched Binance Futures, the cryptocurrency derivatives trading platform of Binance, only in September 2019. Binance Futures allows users...Read More
Cryptocurrency derivatives trading volume reached a new monthly all-time high in May 2020, surpassing the previous record recorded in March, recent research indicates. Volumes on regulated exchanges such as CME soared as well for both futures and options trading. Crypto Derivatives Monthly Volume ATH According to the report by CryptoCompare, the monthly trading volume of...Read More
Binance Futures is the leveraged trading platform of Binance, the leading cryptocurrency exchange by trading volume worldwide. Since its launch less than a year ago, Binance Futures is showing constant growth and is one of the top Bitcoin futures platforms by volume. Just like its big brother Binance, offers an easy-to-use interface, high liquidity, and...Read More
According to a new study, the total trading volume of cryptocurrency derivatives has increased dramatically by over 300%. At the same time, BitMEX’s leadership position in the field has been challenged by Huobi, OKEx, and Binance. Derivatives On The Rise And amid the most apprehensive days of uncertainty prompted by the eventual aftermath of the...Read More
Bitcoin futures contracts allow traders to speculate on the price of Bitcoin without necessarily have to own it. They are a derivative product that gained serious popularity in the past years. Traders are always looking for information that would give them an edge in the market. Arguably, the most valuable data is that which offers...Read More
The novel coronavirus took the world by a storm like lightning from a clear sky. In a little more than a few months, over 200,000 people from across the globe got infected, while the death count continues to rise. This urged governments to take immediate action, and it feels as if the whole world is...Read More
The recent volatility in the global markets and the cryptocurrency markets has raised most trading volumes. Bitcoin options, for instance, reached a new all-time high yesterday. The futures market also saw a massive jump in the volume, as Binance Futures breaks its all-time high record. Bitcoin Options Volume Soars The past several days have been...Read More
With Bitcoin’s price increase in 2020, so does the interest in futures trading. A few days ago, for instance, CME recorded one of its best trading days with over $1 billion in daily volume. Other significant names in Bitcoin Futures trading, including BitMEX and Binance, are also noting impressive volumes lately. CME Bitcoin Futures Volume...Read More
So far, 2020 has been a remarkably positive year for Bitcoin. Not only has the price of Bitcoin increased by 30%, but the Global Bitcoin Futures market open interest has noted a massive 60% growth as well. In the meantime, BitMEX and OKEx are still the most widely-used Bitcoin margin trading exchanges, with over 50%...Read More
Binance was on a roll in 2019, and it doesn’t appear to stop this year with new features on its platforms. The company recently announced that it will add XRP/USDT as a new perpetual contract trading pair, and the leverage will be up to 75x. At the same time, the price of the third-largest cryptocurrency...Read More
Binance continued its growth this year by completing a strategic investment in the cryptocurrency derivatives exchange FTX. By working together and delivering mutually beneficial products, the community wonders if both companies can actually be disrupting the dominance established by other exchanges on the futures market. Binance Invests In FTX The largest cryptocurrency exchange by volume,...Read More
Binance enters into the cryptocurrency derivatives market with the acquisition of an exchange based in Seychelles, JEX, which will rebrand to Binance JEX offering options, futures, and perpetual contracts. The crypto industry is growing constantly with new deals and investments dominating the scene over the years. Binance, the world’s largest exchange by trading volume, has...Read More
Binance has revealed the acquisition of a small derivatives exchange called JEX, which will be rebranded to offer its upcoming futures products. JEX is a derivative exchange which had its operations based in Seychelles. According to the acquisition contract, JEX will be renamed Binance JEX and will support the trading of derivatives products, such as...Read More
Binance has announced crypto futures platforms to be tested by users for a period of 5 days. Binance plans to give out over $200,000 to participants and will deploy the winning platform upon completion of the competition. Easily the largest cryptocurrency exchange platform worldwide, Binance has now announced the launch of two test platforms in...Read More
Popular crypto exchange Binance has established two test platforms for its upcoming crypto futures contracts. The platforms provisionally named Futures A and Futures B, are now up and running and users can play with using dummy assets or enter competitions, which were designed encourage more people to get involved with the products. According to Binance’s...Read More
The CEO of Binance revealed earlier today that the popular crypto exchange will be launching futures trading in September. According to an AMA (Ask Me Anything) session on Twitter, CZ followed up on last month’s announcement that Binance was planning to launch futures trading. “Binance is planning to offer futures contracts on the exchange. Binance...Read More
