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Showing posts with the label futures

Binance unveils Discover, an industry-first futures copy-trading service

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Binance, the world’s most extensive cryptocurrency exchange platform, has unveiled a novel futures copy- trading service called “Discover,” as per the information shared with Finbold on April 5. The innovative, mobile-centric addition employs a straightforward swipe-right-to-like and swipe-left-to-skip mechanism, simplifying the process for copy traders to browse a wide variety of lead trader portfolios. The Discover user experience The new service is rather intuitive: a swipe right adds a portfolio to your favorites, while a swipe left lets you move on to the next option.  Picks for you Machine learning algorithm predicts XRP price for April 30, 2024 33 mins ago Short squeeze alert for next week: BTC and ETH with pump potential 48 mins ago 3 meme coins to turn $100 into $1,000 in April 60 mins ago Crypto war! Solana community launches brutal attack on Ethereum 1 hour ago Moreover, seamless integration allows users to effortlessly toggle b...

Coinbase to launch Solana perpetual futures; Will the SOL rally continue?

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While Bitcoin (BTC) and Ethereum (ETH) are guaranteed to take the spotlight in any crypto market rally , Solana (SOL) has again proven to be a strong performer during the latest current uptrend. Indeed, the cryptocurrency is up more than 174% over the last 30 days. Solana is also set to receive another boost soon as Coinbase (NASDAQ: COIN) is preparing to add support for its perpetual futures on its international exchange, as well as Coinbase Advanced, according to an announcement from Monday.  The launch is expected to take place on Tuesday, November 14, provided the liquidity conditions are met. @CoinbaseIntExch will add support for Solana and Avalanche perpetual futures contracts on Coinbase International Exchange & Coinbase Advanced. The opening of our SOL-PERP and AVAX-PERP markets will begin on or around 4pm UTC on 14 November 2023, if liquidity conditions are met. pic.twitter.com/D2QTV9k9Qe — Coinbase International Exchange ️ (@CoinbaseIntExch) November 12, ...

CME overtakes Binance as leading Bitcoin futures exchange

The regulated derivatives marketplace Chicago Mercantile Exchange has surpassed Binance to become the leading Bitcoin (BTC) futures exchange. The shift marks the first time in two years that CME has claimed the top spot, indicating a surge in demand from institutional traders. CME currently holds the top position among futures and perpetual futures exchanges, per CoinGlass data, with an open interest (OI) of around $3.99 billion and a notable 24.32% of the market share. Meanwhile, Binance’s OI has decreased to $3.77 billion, down by 13% over the same timeframe. Notional open interest is defined as the U.S. dollar value tied to the number of active or open contracts. You might also like: SEC’s window for Bitcoin ETF approvals to open today CME is known for trading in traditional futures contracts with specific expiry dates, unlike Binance and other exchanges, which offer standard futures and perpetual contracts without expiry. CME offers standard Bitcoin futures co...

Injective (INJ) boost as Helix unveils pre-launch futures

Injective (INJ) price rose to highs of $8.20 on Wednesday. The gains came as the layer-1 blockchain network’s DEX platform Helix unveiled its pre-launch futures product. Celestia (TIA) is the first pre-launch futures token to list on Helix. Injective (INJ) is seeing a nice uptick in price today as the layer-1 blockchain adds to last week’s upside. While the altcoin‘s price is currently just 3.5% up in the past 24 hours, the gains were much more notable earlier in the day when INJ/USD touched highs of $8.20. INJ traded to highs of $9.40 in April this year before the early 2023 momentum faded alongside the lull across the crypto market. In 2021, the price of INJ hit the all-time high of $24.89. Helix unveils pre-launch futures Injective’s price gains came as the Injective blockchain added to last week’s network milestones, which included integration with NFT marketplace Dagora and new Launchpad InjMarket.  The latest milest...

Ethereum price outlook weakens, but ETH derivatives suggests $1.6K is unlikely

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Another top-20 U.S. bank bites the dust, but Ethereum price fails to benefit from the event. Ether (ETH) price has shown weakness after failing to break above the $1,950 resistance on April 26. The subsequent correction drove ETH to $1,810 on May 1, nearing its lowest level in four weeks. Curiously, the movement happened while the First Republic Bank (FRB) was closed by the California Department of Financial Protection and Innovation. Curiously, the movement happened while the First Republic Bank (FRB) was closed by the California Department of Financial Protection and Innovation. The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with JPMorgan to protect FRB depositors, estimating a $13 billion loss. Regarding this latest major U.S. bank failure, UBS analyst Erika Najarian stated, "This deal does not change the rates, recession, and regulatory headwinds that regional banks are facing." ETH price ignores banking crisis Curiously...