CME Bitcoin derivative traders had ‘paper hands’ as BTC broke $55K — Report
Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals. Bitcoin (BTC) derivatives traders on the Chicago Mercantile Exchange (CME) missed out on incredible profits as BTC’s spot price smashed through $55,000 this week.Retail investors reduced their long exposure across the Bitcoin futures and options markets in late September, according to data shared by Ecoinometrics. The amount of open short positions also climbed, indicating that derivative traders anticipated Bitcoin’s price to drop, as shown in the chart....
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Australian FX and CFD provider Eightcap has recently announced that it has partnered with TradingView, allowing crypto derivative traders to trade directly from TradingView’s charts into their Eightcap trading accounts. Crypto derivative traders will access Eightcap’s full suite of crypto derivatives, including altcoins, crypto-indices and crypto-crosses. Eightcap’s integration with TradingView is the next step for the award-winning broker as it continues to build a home for crypto traders. TradingView is a charting platform and social network that attracts over 30....
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For years, the cryptocurrency industry has had a complicated relationship with regulators. An example of regulatory pushback within the crypto space was when Facebook-backed Diem tried to launch its stablecoin. Regulatory limitations have undoubtedly had an impact on derivative brokers and exchanges. Just recently, Binance, one of the biggest exchanges, was forced to shut down crypto derivatives in several countries, including Germany, Italy, and Hong Kong. Since this announcement, derivatives traders have been on edge about what this means for the derivatives market and, most importantly,....
In the past few years, crypto derivative trading has taken off. There is another way to buy and hold cryptos that have appealed to traders who want to make the most out of price movements by using leverage. However, there are risks associated with CFD trading, especially when it comes to cryptocurrency. In 2021, large exchanges had to cease operations due to regulatory issues leaving crypto derivatives traders with no place to trade. That’s where Eightcap, a multi-award-winning regulated CFD broker stepped in, with a fresh offering that stood out for its extensive range of crypto....
A new report from financial giant Japan Exchange Group (JPX) contends that distributed ledgers will work "better" when applied to capital markets if third parties are involved. The finding comes from a 27-page working paper, released yesterday, in which JPX offered insights into its proof-of-concept efforts, as well as the key takeaways from its experiments. For JPX, the report is the latest product of its deepening interest in blockchain, following a partnership with IBM announced in February. Given that the bitcoin blockchain was designed to remove third parties from online....