Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Futures Trading
Coinbase Looks towards Crypto Futures Trading Services to Offer Derivatives
Crypto exchange platform Coinbase wants to offer futures trading. The exchange needs to get approval from the National Futures Association. The firm has to register with the Commodity Futures Trading Commission. Afterward, they can proceed with their plans. At the beginning of the year, Coinbase took over Skew. The latter is famous for tracking the derivatives market. Bloomberg reported that Coinbase Financial Markets Inc. was seeking membership regarding an application with the National Futures Association yesterday. Coinbase is one of the best cryptocurrency stocks. For…
4 years ago
Top Cryptocurrency Contract Trading Exchanges for Beginners
Cryptocurrencies are volatile investments and can cause unimaginable losses when traded without an effective strategy. Many crypto traders manage the risk of crypto trading by simply buying an asset when the price drops or selling it when the price rises. However, this tactic comes with numerous downsides, including missing out on profits if the price continues to rise after you close a position. Cryptocurrency contract trading comes in handy to enable crypto traders to hedge existing spot positions without additional…
5 years ago
A Comprehensive Beginner’s Guide on Bitcoin and Crypto Futures
For a broad definition, Financial futures refer to a financial instrument that specifies buying or selling a financial asset between two parties for a predetermined price and a precise date in the future. For example, bitcoin futures are futures contracts that enable traders to speculate on Bitcoin's price without actually owning bitcoin. Once a futures contract is set or agreed upon, counterparties are required to fulfill the terms of the agreement upon expiration, either by selling or buying the asset…
5 years ago