Tag: Futures

Coinbase announces futures trading expansion for Dogecoin, Litecoin, and Bitcoin Cash

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Crypto exchange Coinbase has announced its plan to launch futures trading products for Dogecoin, Litecoin, and Bitcoin Cash, potentially as early as April 1. The latest move was detailed in three separate communications to the United States Commodity Futures Trading Commission (CFTC) on March 7. Through the initiative, Coinbase Derivatives aims to offer cash-settled futures contracts for these cryptocurrencies on its platform, possibly before obtaining formal approval from the CFTC. The exchange plans to utilize a “self-certification” process, asserting that the futures contracts will comply with regulatory standards set by…

Luxor and Bitnomial Roll out Hashrate Futures for US Market Ahead of Bitcoin Halving

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Luxor Technology Corporation, a blockchain infrastructure service provider, has unveiled plans to introduce exchange-traded hashrate futures for institutional investors in the U.S. Through a collaboration with derivatives exchange Bitnomial, this new futures product is slated to be accessible on the trading platform by the end of this month. Luxor and Bitnomial’s Partnership Introduces Exchange-Traded Hashrate […] Original

Luxor Looks to Help Bitcoin (BTC) Miners Hedge Halving Risk Via New Hashrate Futures

Unlike 2021’s bull run, where growth-at-any-cost led to many unsustainable means of operating mining businesses, a much more prudent strategies will be required by the miners. The recent crypto winter has seen many large bankruptcies and dried up capital markets for the miners. Moreover, investors are now shying away from mining stocks, even as bitcoin price soared to a new all-time high, heading into the halving, as spot traded bitcoin exchange-traded funds (ETFs) are deemed better investments versus miners. Source

Bitcoin Futures Basis Climbs To New Heights, What This Means For BTC

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Bitcoin’s futures market is showcasing signs that have historically signalled bullish sentiment. Analysts are turning their attention to the Bitcoin futures basis—a metric representing the differential between the futures price of Bitcoin and its spot price. Recent data has revealed that this basis has escalated to unprecedented levels since Bitcoin’s all-time high of $69,000 in November 2021. Bullish Indications From Bitcoin Futures Deribit’s Chief Commercial Officer, Luuk Strijers, has highlighted the current state of the Bitcoin futures basis, which ranges between 18% to 25% annually, a rate reminiscent of the…

BONE Garners 20,000 Picks On Binance Futures NEXT Program

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In a unique display of community support and unity, one of Shiba Inu’s native tokens, Bone ShibaSwap (BONE) has risen to the top five in Binance’s Future NEXT program, aiming to secure the number one spot for a potential token listing.  SHIB Community Rally Over 20,000 BONE Picks The Shiba Inu community has been demonstrating an amazing amount of support for its burgeoning ecosystem, rallying around the BONE token to help propel its position to the top spot in Binance’s Future NEXT program.  Initially at the 14th position on Binance’s…

Bitcoin Futures Market Attracts Unprecedented Open Interest as Derivatives Appetite Grows 

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The latest bitcoin derivatives data indicates a continued climb in bitcoin futures open interest, hitting all-time peaks. Over the last day, statistics reveal an open interest of $32.30 billion across fourteen distinct bitcoin futures markets. Soaring Open Interest in BTC Futures Signals Growing Derivatives Market Friday, March 8, 2024, marked a notable day when BTC […] Original

Bitcoin Volatility Induces $700 Million Carnage In Crypto Futures

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Data shows the cryptocurrency futures market has seen liquidations amounting to $700 million in the past day as Bitcoin has gone through its volatility. Bitcoin Has Seen Intense Price Action In Past 24 Hours The past day has been a bit of a rollercoaster for Bitcoin, with the asset registering sharp price action in both directions but ultimately going up as the bulls win out. The chart below shows what the price action for the cryptocurrency has looked like recently. The price of the asset seems to have enjoyed sharp…

Hong Kong’s largest futures Bitcoin ETF surges 500% in AUM

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The assets under management of Hong Kong’s largest futures Bitcoin exchange-traded fund (ETF) have soared by 500%, reaching the $100 million mark since October 2023. Hong Kong-based capital market firm CSOP Asset Management revealed in an interview with Reuters that its exchange-traded product CSOP Bitcoin Futures ETF has experienced a five-fold increase in assets under management (AUM) over the past five months, reaching just over $100 million as local investors pursue the crypto rally. Alessandro Zhu, who oversees crypto products and serves as the deputy head of fixed income at…