March Sell-Off Reshuffles Top Exchanges for BTC Futures Trading

March Sell-Off Reshuffles Top Exchanges for BTC Futures Trading
фото показано с : beincrypto.com

2020-4-8 21:15

Although BitMex has usually been the destination-of-choice for BTC futures trading, this has changed drastically in the last month.

March saw some historic swings for both in the cryptocurrency and mainstream financial markets. Naturally, it has had a drastic impact on trading volume with some exchanges benefiting more than others.

A Shakeup Among Exchanges

Skew (@skewdotcom) is reporting that the 24H BTC futures volume among the top exchanges looks different today than it did just a month ago.

Binance now takes the lead with the highest level of BTC futures trading volume in the last 24-hours. Huobi is now in second place with some $2.13 billion in trading volume in the last 24H. OKEx and BitMEX are a close third and fourth, respectively.

Some reshuffling at the top of the table following the March sell-off pic.twitter.com/BYtgcQJ9tH

— skew (@skewdotcom) April 6, 2020

The sudden rise in trading volume on Huobi and OKEx may be an indication that traders are losing faith in BitMEX. The exchange was for the longest time the No. 1 destination for futures and margin trading, more generally. However, the exchange has been plagued with issues in the past few months. Aside from being blamed for the 50% drop on March 12, the amount of BTC BitMEX is holding has also fallen some 25%. 

Bitcoin Futures See Uptick in Trading Volume

As Bitcoin’s price continues to slowly climb upwards, futures markets have responded—and they are now seeing a rapid increase in trading volume. As BeInCrypto reported on April 4, the CME and Bakkt recently saw the largest daily increase in BTC futures trading volume in weeks.

Although an increase in futures trading is not inherently a bullish indicator, it is a positive sign of growing interest. As financial markets globally push higher, Bitcoin and the cryptocurrency market more generally have benefited. It remains to be seen if this bullish momentum can last given the lackluster macroeconomic situation globally, however.

Regardless, the fact that Bitcoin trading volume has not dried up amid this historic global crisis is promising. It seems that, despite the worrying macroeconomic situation, interest in Bitcoin and cryptocurrencies remains unshaken.

The post March Sell-Off Reshuffles Top Exchanges for BTC Futures Trading appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Цена в час новости $ 0.005548 (17.07%)

trading march futures btc saw historic month

Источник: beincrypto.com

trading march → Результатов: 126


Gold on Track for Biggest Weekly Drop in 7-Years, Acting As A Better Safe Haven than BTC

A day before the market went into a full-on panic mode because of Bitcoin price crashing nearly 45%, BitMEX CEO Arthur Hayes published a regular note on March 12th on his exchange where he talks about how despite trading below $8,000 Bitcoin outperformed most global equity indices in 2020. But not anymore. The world’s leading […]

2020-3-14 20:55


India: Cryptocurrency trading using banks allowed as SC holds RBI circular 'unconstitutional'

The Supreme Court of India on 4 March announced its Judgment in the 'Crypto v. RBI'case. The apex court has deemed the banking ban levied by the central bank of India as unconstitutional. Crypto KanoThe post India: Cryptocurrency trading using banks allowed as SC holds RBI circular 'unconstitutional' appeared first on AMBCrypto.

2020-3-4 09:18


Биткоин-биржа Bitfinex проведет делистинг 46 торговых пар

Криптовалютная биржа Bitfinex 6 марта произведет масштабный делистинг торговых пар из-за низкой ликвидности. Due to their low liquidity, on Friday, March 6th, we will remove several trading pairs. This measure serves to consolidate and improve liquidity on Bitfinex, leading to a more streamlined and optimized trading experience.

2020-3-4 11:31


Фото:

South Korean Crypto Exchange APRObit Adopts Bitfinex Joint Order Book System, Launching in March

It will be the only cryptocurrency exchange available in South Korea that adopts an international joint order book system. APRObit will be the first exchange in South Korea to adopt Bitfinex’s joint order book system, which shares the market depth of Bitfinex’s BTC, ETH, and USDT trading pairs APRObit will be the only exchange inRead MoreRead More.

2020-2-13 16:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin (BTC) Wallets Cross 48 Million for the First Time

Bitcoin has hit another milestone in its rocky journey towards global mainstream adoption. Surpassing 2022 figures in the process. The post Bitcoin (BTC) Wallets Cross 48 Million for the First Time appeared first on BeInCrypto.