Spot trading volumes on all centralized crypto exchanges dropped 1.34%. Futures trading increased 13.4% to $3.12 trillion. Despite the market volatility, Bitcoin (BTC) and Ethereum (ETH) had regained dominance over future trading volume, according to an evaluation of respective spot trading volumes. In July, Bitcoin and Ethereum closed at $23,332
People are enticed by chance to earn significant on minor moves. The value of a derivative is derived from the underlying asset’s value. In recent years, cryptocurrency traders have been increasingly using perpetual swaps, a derivative trading instrument with daily trading volumes exceeding $180 billion. Perpetual swaps were first introduced
Hong Kong online brokerage Futu halts their crypto services for futures contract-based trading. It is due to some regulatory concerns which were raised recently. Futu Halts Futures Trading Futu securities is recognized as Asia’s top-ranked online broker, providing one-stop online investing services & experience. The customer support of Futu securities
