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Crypto Traders Bet on US Election as FTX Prediction Markets Hit Record Volumes

From coindesk.com

Cryptocurrency traders are placing last-minute bets on the outcome of the 2020 U.S. presidential election, pushing volume on FTX’s prediction markets to record highs and drawing new users to the crypto derivatives exchange. • In the first two weeks of October, monthly trading volume for the TRUMP and BIDEN markets eclipsed prior high set in March when public health and economic crisis brought the Trump administration and prospects of his reelection to the fore of nearly every news cycle, domestic and international. • Known for its cutting edge cryptocurrency futures products, FTX has benefited from this non-crypto ... (full story)

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  • Category: Fundamental Analysis