Cryptocurrency: The future of futures?
Institutional inflow to crypto is only getting started, but the technology promises to improve the futures markets beyond crypto. Many traders entering cryptocurrency markets from traditional finance may look to derivatives as vehicles for price speculation and hedging. There are plenty of choices when it comes to exchanges and instruments; however, traders should consider a few key differences between crypto futures and traditional futures before dipping a toe into this rapidly growing market.Related: 3 things every crypto trader should know about derivatives exchangesDifferent....
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Gold futures and Bitcoin are on similar paths, albeit both for different reasons. People often see correlations between gold futures and Bitcoin, as they are both quite valuable with potential for a value increase. Now that the Bitcoin price is rising, the value of gold seems to follow a similar trend. Or to be more precise, the gold miner stocks are increasing in price, which could indicate a future gold price increase. Gold Futures Surge By Over 11%. This week has been kind of interesting for traders keeping a close eye on the gold futures charts. With the best day in over seven years on....
Chinese exchange OKCoin announced today it will add futures trading to its platform, saying it is one of the first major exchanges in the world to offer users the chance to trade futures denominated in bitcoin. OKCoin's futures trading, which will be in beta for the next two weeks before going live, partly solves bitcoin's price volatility problem and reduces risks by allowing bitcoin earners to 'lock in' a future price. More advanced traders can use futures to utilize higher leverage opportunities for price speculation. Trading of derivatives like futures also serves to move volatility....
Ethereum trends show it’s becoming more valuable as ETH 2.0 draws near. Thus, institutional investors are clamoring to get in on the action before it is too late. A signal for this has been ETH Futures have been trading at a higher basis premium than BTC Futures on CME. ETH Futures have continuously traded at a higher rolling basis than BTC Futures for the past three months. This could show that institutional investors are more bullish on ETH’s future in comparison to BTC. But other factors have also led to the ETH Futures trading so high. Related Reading | Ethereum Fee Burns Clocks....
Cryptocurrency exchange Coinbase has filed an application with the National Futures Association (NFA) to offer futures and derivatives trading on its platform. The exchange says its new offerings aim to “Further grow the cryptoeconomy.”
Coinbase Registers to Offer Crypto Futures and Derivatives Trading
Coinbase Global Inc. (Nasdaq: COIN) announced Wednesday via Twitter that it has filed an application with the National Futures Association (NFA) to register as a Futures Commission Merchant (FCM). The exchange wrote:
This is the next step to broaden our....
Huobi's future trading vertical BitVC recently announced to drop Litecoin futures by March 28th in the wake of low user demand. "Dear BitVC users, we have discontinued our Litecoin futures services temporarily after obtaining feedbacks and suggestions from users," read the company's notice. We truly apologize for the inconvenience." In addition to this, the platform also said in a separate Reddit post that it wanted to shift its energy to Bitcoin future contracts instead. It meanwhile confirmed that litecoin trading services (LTC/CNY) will remain to be functional, while the withdrawals....