Retail Investors Are Buying the Bitcoin Institutions Are Selling, Traders Say
As institutions unload bitcoin, crypto’s traditional base – retail investors – is doing most of the buying, market participants said.
Malta-based cryptocurrency exchange OKEx rolled out option contracts on Ethereum’s ether (ETH) token on Thursday, ending the Panama-based Deribit’s virtual monopoly in the space.
Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday. CME’s bitcoin futures market are growing faster than nearly every other bitcoin futures market on a percentage and real growth basis.
OKEx is partnering with Paxful, adding more than 160 fiat currency onramps to its crypto exchange business.
Spot and futures markets reflect the strong bullish sentiment of American investors.
Binance has been offering "generous" referral bonuses for its new crypto mining pool.