Extreme volatility and Bitcoin price points that dropped below “safe” support level of $20,000 last week made headlines around the world. But wild price swings are nothing new in the crypto world, and whether you’re a believer or a skeptic, digital assets can no longer be ignored.
In a report published earlier this year by crypto compare, crypto derivatives volumes reached an all-time high of close to $3 trillion dollars, accounting for more than 60 per cent of trading in all cryptocurrencies. This is no surprise, given the use of derivatives to protect against market uncertainty, of which there is a lot right now. Much of the activity is dominated by retail investors, done on exchanges in jurisdictions with little or no regulatory oversight; however institutional investors have been driving the trading of crypto futures contracts on regulated exchanges like the CME to record highs.
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