Crypto News

The volume of daily trading in the market bitcoin futures reached $5 billion

According to the service Skew, the daily volume of transactions in bitcoin futures reached $5 billion, Analysts have concluded that the interest in this segment of the market from investors is growing rapidly.

A significant shift in this direction was taken in 2019. At the moment, to make transactions in the market bitcoin futures platform users CME, Bakkt and Binance JEX. In addition, the crypto currency exchange BitMEX and OKEx offer similar products.

More and more traders prefer to bet on the price movements of bitcoin. In this case, players do not pay much attention to the actual decision of the asset or the deficit of bitcoin. In fact, investors are betting on the increase or decrease of BTC without access to the real coins.

This is the main difference from the spot market, where key positions are occupied by large holders of the cryptocurrency or the so-called “whales”.

Of course the spot market remains dominant. The average daily trading volume is not it is $18 billion.

However, in recent months seen a dynamic increase of market influence of bitcoin futures. A special role was played by the launch of the platform Bakkt, trading volume which is constantly breaking records.

In the night of Saturday, 30 November, bitcoin exchange rate strengthened to $7780, coin has a real chance of taking the level of $8000 to the end of the week, experts say.

Source:

coinspot.io

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