Robinhood, the financial services and trading platform, appears poised to broaden its horizons by venturing into bitcoin futures and multi-asset derivatives markets. This strategic maneuver positions the company to challenge entrenched industry stalwarts such as Charles Schwab while diversifying its product ecosystem. Robinhood to Take on Wall Street Titans With Bold Futures Trading Move In […] Original
Following weeks of declines, Ethereum (ETH) seems to have begun its recovery, closely tracking Bitcoin’s upward movement. As of today, ETH has reclaimed the $3,300 level, reflecting a 7.5% increase over the past week. This rebound has sparked renewed interest among market participants, who are closely watching Ethereum’s next moves, particularly in light of improving market sentiment and key metrics indicating the potential for further gains. Renewed Market Optimism Observed, Road To $3,500? A CryptoQuant QuickTake Platform contributor ShayanBTC recently highlighted that Ethereum is consolidating within a range of $3,200…
Singapore-based crypto exchange BingX launched ALTCOIN Index, the first futures index involving altcoins like ETH, XRP, SOL and DOGE. BingX’s new ALTCOIN Index provides users with the opportunity to monitor the current market trends for multiple altcoins displayed on one index. According to BingX’s press release, the index will feature some of the top cryptocurrencies by market cap, excluding Bitcoin (BTC) and stablecoins. The ALTCOIN Index includes ETH (ETH), XRP (XRP), SOL (SOL), BNB, DOGE, ADA, TRX, AVAX, and SHIB. Through the index, users can track trends and price changes…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Bitcoin touched $100,000 on the CME Futures platform while the token’s spot price remained slightly lower during Thanksgiving. TradingView data tracking Bitcoin (BTC) CME Futures showed that the largest cryptocurrency crossed $100,085 on the derivatives marketplace during the late morning hours of Nov. 29. Meanwhile, BTC’s spot price lingered at $98,285 after reaching its $99,645 all-time high on Nov. 22. The subsequent pullback to $91,000 after hitting ATH prompted experts to comment on a “BTC cool-down.” 24-hour BTC price chart – Nov. 29 | Source: crypto.news CME Futures data suggests…
Bitcoin has added $30,000 since Donald Trump won the U.S. presidential election and closing in on a $2 trillion market cap. Original
At press time, BTC futures contract expiring on March 28 traded 4.8% higher at $101,992, representing a. premium of nearly 5% to the global average spot price of $97,200, according to data source Deribit and TradingView. Contracts expiring on June 27 and Sept. 26 changed hands at $104,948 and $107,690 in an upward-sloping futures curve. Source
Futures and options account for a huge amount of trading in traditional markets, but crypto derivatives are disproportionately small, CEO James Davies, a co-founder of the company, said. Large centralized exchanges historically opted for payments licenses, which didn’t allow for derivatives trading, though a gap in the regulations regarding perpetuals allowed those products to be introduced. Source
An increase in both OI and prices typically indicates that new money is entering the market — indicative of a bullish trend. Source
Bitcoin has continued its bullish momentum streak, reaching a new all-time high on November 13 and triggering a wave of activity across the crypto market. In particular, the futures market has been significantly impacted, with a surge in trading volume for the BTC/USDT pair. This increase has highlighted an intense period of market engagement, with leading exchanges, particularly Binance, at the forefront of this trading frenzy. Record Trading Volumes And Market Volatility Risks A CryptoQuant analyst known as Crazzyblockk shared insights into the trading frenzy phenomenon, noting that the futures…