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Open interest for Bitcoin futures surpasses $5 billion
Aggregated open interest (OI) for Bitcoin futures has surpassed $5 billion on Feb. 13, according to data compiled by The Block. Open interest refers to the value of outstanding futures contracts that have not been settled yet. An increase in open interest signals that more money is flowing into the market and that traders are anticipating a near-term rise in the underlying volatility. BitMEX, a cryptocurrency futures venue incorporated in the Seychelles, currently has the largest open interest of $1.6 billion; about 31.0% of the total aggregated sum. BitMEX's dominance has dwindled in recent months, falling from 44% ... (full story)
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- Feb 14, 2020 9:18am Feb 14, 2020 9:18am
- TudorIoan
- Joined Dec 2015 | Status: Member | 3436 Comments | Online Now
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- Feb 14, 2020 4:22pm Feb 14, 2020 4:22pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.