Open interest on Ethereum futures rose to $ 1.46 billion. The new ATH came a few days after Bitcoin futures had a similar success. On August 1, the open interest rate rose to $ 5.58 billion, the highest point since mid-February, just before the crypto market continued a major correction.<\/p>\n
Malta-based cryptocurrency exchange OKEx leads the way with contracts worth $ 321.06 million.<\/p>\n
OKEXs competitor from Singapore, Huobi, is in second place. The open interest rate for Ethereum contracts currently stands at $ 308.55 million, following OKEx with a very thin margin, with a margin of 0.8 percent.<\/p>\n
Together with BitMEX, OKEX and Huobi are responsible for 61.64 percent of all market activities for Ethereum futures.<\/p>\n
FTX and Binance are in fourth and fourth place, respectively.<\/p>\n
In the options section, ETHs open interest has also increased six-fold over the past three months, making up 90 percent of all positions on the unregulated Dutch exchange Deribit.<\/p>\n
As the cryptocurrency space matures, Tim McCourt of CME Group claims that more investors will flock to trusted domains:<\/p>\n
When it enters the cryptocurrency space with more sophisticated contributors, the volume will inevitably shift towards safer, more reliable areas.<\/p>\n
Ether futures are said to be launched within the next six months.<\/p>\n
New York-based ErisX launched Ether futures in March, but CME Group has not yet ventured into the second largest cryptocurrency.<\/p>\n
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Regulated Ethereum Futures Coming - Somag News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Open interest on Ethereum futures rose to $ 1.46 billion. The new ATH came a few days after Bitcoin futures had a similar success. On August 1, the open interest rate rose to $ 5.58 billion, the highest point since mid-February, just before the crypto market continued a major correction. Continue reading