Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on May 07, 2020, 01:03:23 PM

Title: Bitfinex Derivatives Launches Bitcoin Dominance Perpetual Swaps
Post by: newshunter on May 07, 2020, 01:03:23 PM

Bitfinex Derivatives Launches Bitcoin Dominance Perpetual Swaps

The derivatives platform for Bitfinex cryptocurrency exchange is launching a new perpetual swaps product today that enables traders to speculate on Bitcoin dominance.

Source: Bitfinex Derivatives Launches Bitcoin Dominance Perpetual Swaps (https://cointelegraph.com/news/bitfinex-derivatives-launches-bitcoin-dominance-perpetual-swaps)

Would appreciate your opinion about this

Title: Re: Bitfinex Derivatives Launches Bitcoin Dominance Perpetual Swaps
Post by: Leonardo on May 07, 2020, 03:28:24 PM

The problem with Bitfinex is that it's being lack of volume. Being based on 7 altcoins/BTC pairs makes Bitcoin Dominance Perpetual unpredictable and less volitle. This is such a good thing but Bitfinex is losing its glories and lost market share to Binance or OKex. Hopefully this perpetual swaps will  help take its place back.

Title: Re: Bitfinex Derivatives Launches Bitcoin Dominance Perpetual Swaps
Post by: bigcash2011 on May 08, 2020, 12:18:03 AM

No doubt it is a unique and competetive product from bitfinex but i agree with the fact that most of bitfinexes userbase and volume has been attracted by binance which is troubling many exchange platforms including bitfinex.

Title: Re: Bitfinex Derivatives Launches Bitcoin Dominance Perpetual Swaps
Post by: ShadowCrypto on May 08, 2020, 12:42:58 AM

Bitfinex was so good 2+ years ago, meybe they are doing some right decisions, development can't stop, there is aways something new to do.