Baakt

2020 was a very challenging year economically. Data points to a 4.4% shrinking of the global economy during this financial year, the worst such performance since the 1938 global depression. Due to the uncertainty, investors realized the importance of switching their funds into other assets such as precious metals and digital assets.  Crypto's performance bested that of gold, having grown by 65% vs. 20% of the latter from the start of 2020 to September. Fidelity and Baktt, key players bringing…

In recent years, the crypto space has witnessed incredible growth into a diverse ecosystem of over 5 000 coins and tokens, with each token focusing on a particular use case built on blockchain technology. And with the diversification of the crypto ecosystem, there has been an increased launch of financial products to increase mainstream adoption.  One such crypto-financial product that has gathered pace among crypto enthusiasts in recent years is cryptocurrency derivatives. A notable cryptocurrency derivative in the crypto space…