CME Bitcoin futures open interest hits $724 million
Against the backdrop of the bitcoin rally, open interest in CME futures on the regulated exchange reached $724 million.Latest news and analysis on trading futures for Bitcoin and other cryptocurrencies.
CME Bitcoin futures open interest hits $724 million
Against the backdrop of the bitcoin rally, open interest in CME futures on the regulated exchange reached $724 million.
Short liquidations of $500 million fuel Bitcoin rally to $11,000
Bitcoin price on Tuesday night reached a level not seen since September 6, 2019, at $11,417 (Bitstamp). One of the catalysts for the rally was the mass closing of short positions in Bitcoin derivatives, with total volumes exceeding $500 million.
What are crypto derivatives, and how do traders profit from them?
1 What are derivatives? Attention! The article is outdated and awaiting an update. A derivative is a financial contract on the future price of a cryptocurrency, security, commodity or service. The subject of such a contract is called the underlying asset. Buyers and sellers of derivatives do not own the underlying assets; they buy and sell the right to execute the contract. 2 Why use derivatives? To reduce risk and to profit from price changes […]
What are bitcoin futures?
1 What are futures? A futures contract is an agreement to buy or sell an asset at a set price on a future date. Once the contract is entered into, both parties are obliged to fulfil its terms regardless of the market price at expiry. With futures one can open long and short positions. In the former a trader agrees to buy the asset at a specified future price; in the latter to sell the underlying on the expiration date.We use cookies to improve the quality of our service.
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