Data shows funding rates, or a fee paid by leverage traders to remain in a futures position, is an average of +0.01% on cryptocurrency exchange Binance, which has the highest open interest among counterparts, and a similar fee on Bybit. Rates on OKX are fluctuating between -0.04% and +0.02%. Positive rates imply leverage is skewed on the bullish side. Source
CryptoX – Cryptocurrency Analysis and News Portal Both longs, or bets on, and shorts, or bets against, were nearly equally impacted. Longs saw $10 million in liquidations while shorts took on $13 million. Traders on crypto exchange OKX were the most impacted, taking on $12 million in losses on dogecoin futures positions. Source The post Dogecoin Futures Liquidations Jumps to $26M After Twitter Displays Token’s Logo for Some Users appeared first on CryptoX. CryptoX Portal
Both longs, or bets on, and shorts, or bets against, were nearly equally impacted. Longs saw $10 million in liquidations while shorts took on $13 million. Traders on crypto exchange OKX were the most impacted, taking on $12 million in losses on dogecoin futures positions. Source
The National Futures Association (NFA), the United States self-regulatory organization for derivatives markets, has issued a new compliance rule addressing members’ conduct. The new rule complements requirements issued in 2018. The NFA has “well over 100” members that engage in activities with digital asset commodities, but no way to address fraud or misconduct committed by those members, the organization explained to secretary of the Commodity Futures Trading Commission (CFTC) Christopher Kirkpatrick in a Feb. 28 letter as it submitted the proposed new rule for approval. The new rule is modelled…
The Commodity Futures Trading Commission (CFTC) oversees the NFA and the wider industry, though questions remain as to the extent of its authority over digital assets. A number of legislative efforts in the U.S. Congress have sought to give the CFTC undeniable powers over crypto commodities and the spot market, but the bills haven’t yet produced results. Source
Some remain upbeat about the medium-term outlook for bitcoin and the broader market. Original
A Taipei-based trader at Quantrend Technology, a large market maker on Binance, told CoinDesk in a note that bitcoin has hit the highest level since the collapse of Luna last year, which is also a positive psychological indicator that market sentiment is optimistic. Original
However, while these products are wholly speculative as of Monday, their use case might change after ARB tokens are officially issued to network participants. Traders and holders of spot ARB may then use futures products to hedge their spot holdings or gain exposure to ARB prices using a smaller amount of initial capital via leverage. Source AheadAirdropARBArbitrumFuturesHeatIOUMarketsToken CryptoX Portal
Crypto derivatives exchange Deribit will soon launch Bitcoin (BTC) volatility futures, giving investors a direct way to measure and trade BTC market volatility. On March 17, Deribit introduced BTC DVOL futures — a derivatives contract built on the Deribit Bitcoin Volatility Index, which measures the implied volatility of the largest cryptocurrency. Deribit’s volatility gauge provides a 30-day outlook on investors’ expectations for annualized volatility. Like other volatility products, BTC DVOL can potentially help traders with risk management, portfolio hedging or market speculation. Volatility-as-an-asset is widely traded in traditional finance, with…
The CME Group said the new event contracts on Bitcoin futures provide a limited-risk, highly transparent way for a wide range of investors to access the Bitcoin market via a fully regulated exchange. On Monday, March 13, popular derivatives trading platform CME Group announced that they have commenced the trading of event contracts on Bitcoin futures. In its statement, the CME Group said that this new product would be an addition to the company’s suite of 10 event contracts linked to its benchmark futures market. These types of contracts offer…