Futures open interest (OI) is the total number of open futures contracts for an asset held by market participants. Open interest on futures contracts for any given asset varies daily, representing the amount of cash flowing into the market. A growing OI means that more money is moving into futures contracts, while a declining trend…
Looking at Bitcoin and Ethereum derivatives shows that they have been affected by the FTX fallout, with data analyzed by CryptoSlate showing that over 160,000 BTC has been unwound since the beginning of October. This data indicates that roughly $3 billion worth of futures contracts have been closed out in two months. Cryptocurrency derivatives are an…
There is no doubt that stablecoins are playing an integral role in the booming crypto industry. In fact, the industry has seen tremendous growth in this year largely due to the fact that it helps to plug the world’s demand for dollars with both its ease of accessibility and cost-efficient features. Stablecoins are being used…