Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Rakin343 on February 24, 2021, 11:42:55 PM
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The total daily trading volume on various Bitcoin (BTC) futures markets has reached a new all-time high of $180 billion, crypto analytics platform Glassnode pointed out today. This comes as the price of Bitcoin has dropped below the $50,000 mark in the last few days, currently at $49,840.
Futures are a type of financial derivatives where parties agree to sell/buy an asset at a specific price on a set date. Unlike options contracts, where buyers might choose to not purchase the asset, futures are contractually binding and must be settled on the expiration date. More info (https://cryptonews.net/475717/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)