Futures

Bitget experienced significant growth across its trading volumes and user base in the first quarter of 2024, riding the wave of widespread market resurgence. The Seychelles-headquartered exchange revealed that its futures trading volume soared to around $1.4 trillion, marking a 146% increase, while spot trading volume surged by 113% to exceed $160 billion. Bitget saw its most significant growth in derivatives market share in March, with a rise of 2.4%. This enabled it to secure the position of the third-largest…

Coinbase’s decision to introduce PEPE futures on its platforms reflects this trend, allowing investors to speculate on the futures price without directly holding the asset. Despite initial reservations due to its controversial associations, Coinbase’s move to offer PEPE futures signals a shift likely driven by market demand. Amid the strong demand for meme coins currently, top crypto exchanges are rushing to offer derivatives trading for them. On Thursday, April 11, crypto exchange Coinbase stated that Coinbase International and Coinbase Advanced…

The outlook for Binance Coin (BNB) has turned cloudy, with both futures market data and technical indicators flashing bearish signals. Based on our analysis of Coinglass data, negative funding rates and declining open interest in BNB futures contracts paint a picture of growing pessimism among traders. A negative funding rate suggests that more traders are holding short positions, anticipating a decline in the price of the asset. This sentiment was confirmed on April 1st, when BNB’s funding rate dipped into…

On March 26, Hashdex announced the renaming of the Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF, which will trade under the ticker ‘DEFI.’ The move to convert the futures fund to a spot ETF has been made in partnership with Tidal Investments LLC. DEFI has completed the conversion of its investment strategy to allow the fund to hold spot Bitcoin and track the Nasdaq Bitcoin Reference Price, it noted. Crowded ETF Marketplace Hashdex has now become the eleventh…

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…

At the beginning of 2020, Binance, the world’s most lucrative cryptocurrency exchange, began its presentations of new features and developments based on the provision of their services. The top crypto exchange included various additions that backed-up numerous fiat currencies globally. As per its current features, the Turkish Lira (TRY) was among the new modifications, functioning as gateways allowing customers to bind their Visa cards with the technology. In turn, they could purchase XRP, BNB, Ethereum, and even Bitcoin.  A New…