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Bitcoin Derivatives Trades Soaring in ‘Biggest Casino Ever’
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investopedia.comBitcoin volatility is waning, and that’s apparently making traditional spot trading in the world’s largest cryptocurrency an increasingly boring activity. Speculators looking for jackpot trades are now turning to Bitcoin derivatives, leveraged products that can transform even minor price swings of the underlying asset into major gains, but also substantial losses. Global trading of such products is now outpacing that of spot trading in Bitcoin, according to a recent story in Bloomberg as outlined below.
Leading the Bitcoin derivatives stampede is cryptocurrency exchange BitMex at a 24-hour trading volume of $1.82 billion in Bitcoin futures contracts. Next up is Huobi at a 24-hour trading volume of $1.00 billion, followed by bitFlyer at
Read more on investopedia.comAbout this in other media
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