Tag: Futures

Bitcoin ETFs and Open Interest From BTC Futures, Options Follow Crypto Economy’s Spot Market Decline – Market Updates Bitcoin News

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Roughly 247 days ago, the total bitcoin futures open interest across 12 different cryptocurrency derivatives trading platforms was $26.73 billion and over the last eight months, bitcoin futures open interest has dropped 60% down to $10.69 billion. Further, the bitcoin exchange-traded funds BITO and BTF have followed bitcoin’s spot market losses, as the bitcoin ETFs have shed between 70% and more than 73% in value since last year’s price highs. Bitcoin Exchange Traded Funds Slide Over 70% in Value Against the US Dollar On November 10, 2021, the crypto economy’s…

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

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Institutional investors have been bearish toward Ethereum for a while now. There have been outflows rocking the digital asset until it ended its 11-week streak with inflows for last week. However, this does not mean that positive sentiment had returned entirely to the cryptocurrency once more. The numbers on the CME show that institutional investors remain wary and even bearish toward the second-largest cryptocurrency in the market.  Ethereum Falls Into The Negative The Ether futures on the CME have been trading on a negative basis lately, which basically means they…

A Comparison of Global Futures Trading Platforms Shows 5 Advantages of CoinEx Futures

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In today’s market, plenty of trading platforms, including mainstream exchanges like Binance, Huobi, Bybit, and KuCoin, have introduced futures contracts. Huobi has extensive experience in futures and provides a wide range of linear/inverse contract markets. However, its market share has fallen sharply, and the platform’s user traffic is also going downhill. Bybit and Binance are both professional futures trading platforms that demand a high threshold. Bad news is that Bybit was chased out of the UK by FCA, while Binance has suffered several security breaches. Futures beginners should avoid professional-focused…

Leading US Crypto Exchange Coinbase To Offer Bitcoin Futures Product on New Derivatives Exchange

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Crypto exchange giant Coinbase is announcing the launch of its first-ever Bitcoin (BTC) derivatives product. According to a new company blog post, Coinbase’s Derivatives Exchange will launch Nano Bitcoin Futures (BIT), its first listed Bitcoin futures product, on June 27th, with each contract being valued at 1/100th of a Bitcoin. “Coinbase Derivatives Exchange, a [Commodity Futures Trading Commission] regulated Designated Contract Markets (DCM) futures exchange, will launch its first listed crypto derivatives product on June 27: Nano Bitcoin futures (BIT). Initially, BIT futures will be available for trading via several…

Coinbase Derivatives Exchange Reveals Nano Bitcoin Futures Product – Exchanges Bitcoin News

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On June 27, Coinbase Derivatives Exchange (formerly Fairx exchange) announced it will launch its first crypto derivatives investment vehicle pegged to the value of 1/100th of a bitcoin. The new “nano bitcoin futures” product will be listed under the ticker “BIT.” Coinbase derivatives are regulated by the Commodity Futures Trading Commission (CFTC). Coinbase Introduces BIT, a Futures Product Tied to 1/100th of a Bitcoin Coinbase is getting into the world of crypto derivatives as the Coinbase Derivatives Exchange has announced the launch of BIT, a nano bitcoin futures product tied…

Bitcoin futures enter backwardation for the first time in a year

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Bitcoin’s (BTC) month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls’ current hope depends on turning $20,000 to support, but derivatives metrics tell a completely different story as professional traders are still extremely skeptical. BTC-USD 12-hour price at Kraken. Source: TradingView It’s important to remember that the S&P 500 index dropped 11% in June, and even multi-billion dollar companies like Netflix, PayPal and Caesars Entertainment have corrected with 71%, 61% and 57% losses, respectively. The U.S. Federal…

Commodity Futures Trading Commission (CFTC) Set to Usurp SEC Domination of Crypto

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After the proposition of the Lummis/Gillibrand new crypto bill seeking to transfer much of crypto regulation to the CFTC, the chairman of CFTC, Ross Benham, has said that his agency is set to move further into the cryptocurrency regulatory space. Ross said one of the goals of CFTC would be to define which cryptos would come under its jurisdiction. The new crypto bill, which is still very much a proposal, may be broken down into pieces, adjusted, and may take a couple of years before it is passed. The new bill…

Is Your NFT Investment at Risk? Hong Kong’s Securities and Futures Commission Has Some Words of Warning

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The Securities and Futures Commission (SFC) of Hong Kong, the financial regulator responsible for overseeing Hong Kong’s securities market, has issued an advisory warning to investors. The notice is about risks associated with purchasing and trading unregulated non-fungible tokens (NFTs). The advisory points out that NFTs do not have any legal protections to help ensure that they can be traded as freely and safely as other assets like stocks or bonds, despite their name suggesting they are similar to equity shares. As of such, the Securities and Futures Commission is…