Ethereum Market Structure Evolves As Futures Demand Becomes The Dominant Driver
Ethereum’s price is displaying signs of bullish momentum once again as the leading altcoin reclaims the $3,000 mark following a rebound across the broader cryptocurrency market. While the price has picked up pace, the ETH derivatives market is heating up, with futures demand rising sharply compared to the spot market. Futures Appetite Surges Ahead Of […]
Related News
Hong Kong appears to be tightening the screws on unregulated crypto exchanges. Proposed regulations targeting Hong Kong’s blockchain industry could have far-reaching consequences for the crypto derivatives market, according to new research from Messari.io. In a report published on Wednesday, researcher Mira Christanto said the Special Administrative Region of Hong Kong, which happens to be the dominant market for crypto futures trading, could be clamping down on unregulated exchanges as part of a broader push for more governance. The researcher cited a recent proposal from the Hong Kong....
The largest U.S. regulated market for bitcoin futures has been sounding out cryptocurrency traders to gauge their interest in a listing of futures and options on the Ethereum blockchain’s native tokens.
Polkadot (DOT) enthusiasts may be in for a bullish week as healthy demand for the cryptocurrency is observed in the futures market, according to a recent tweet by Huobi. With a 24-hour trading volume of $162 million and a market capitalization of over $7.7 billion, Polkadot’s rally is showing no signs of slowing down. In fact, the coin has gained 3.1% against the US dollar since yesterday, indicating that the market is actively participating in its upward momentum. With such promising developments, it’s no wonder that Polkadot is quickly becoming one of the most sought-after....
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....
The Chicago Mercantile Exchange (CME) just became the second-biggest Bitcoin futures exchange in open interest behind OKEx, buoyed by rising institutional demand. The CME Bitcoin futures market overtook Binance Futures to become the second-biggest Bitcoin (BTC) futures exchange by open interest. The data shows that the institutional volume is rapidly gaining a larger share of the cryptocurrency market.On Oct. 10, Skew reported that the CME Bitcoin futures market’s open interest rose sharply by 1,500 contracts. Since then, within three days, the price of BTC surged 9% to over $13,000. The....