• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Wednesday, March 29, 2023
SLC News Now
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Technology Crytpocurrency

‘Challenges’ To Crypto Traders As Lower Volatility Expected; Solana Derivatives Wanted – Cryptonews

‘challenges’-to-crypto-traders-as-lower-volatility-expected;-solana-derivatives-wanted-–-cryptonews
Share on FacebookShare on Twitter
e92a64dcd6
Source: iStock/shwepsa

High volatility is necessary to attract traders to the crypto derivatives space, and institutions would most like to see new derivatives contracts backed by altcoins such as solana (SOL), polkadot (DOT), cardano (ADA) and stablecoins, a new report from the derivatives-focused analytics firm Acuiti has found.

Despite high volatility is a common criticism of the crypto market, a reduction in volatility and more stable prices will “pose challenges to digital assets,” the analysts said.

At the same time, survey results cited in the report showed that more than two-thirds of surveyed executives in the financial services industry estimate that the crypto market will become less volatile as it matures.

The firm found the answers by surveying an unspecified group of senior executives at prop trading firms, hedge funds, banks, brokers and exchanges, collectively referred to as Acuiti’s ‘Expert Network’.

Notably, it is the initiatives taken by firms already present in the digital asset space that have the greatest potential to reduce volatility.

Chief among these initiatives are efforts to bring more institutional liquidity into the space, something which is believed to lead to lower volatility, and in turn make trading in digital assets less attractive, the report said.

SOL and stablecoin contracts wanted

While the crypto spot market is well-known for a huge selection of digital assets to trade, the same cannot always be said about the crypto derivatives market, which encompasses both futures and options markets.

According to the executives surveyed in the report, derivatives contracts based on Solana’s native token SOL are the most sought after among traders. The token was followed by the two stablecoins tether (USDT) and USD coin (USDC) as the second and third most sought-after derivatives contracts, while DOT and ADA came in 4th and 5th, respectively.

Binance remains top futures exchange

Meanwhile, the report said that among all exchanges that offer bitcoin (BTC) futures trading, Binance is largest in terms of open interest with a 26% market share.

The major exchange, which also ranks as the top exchange by spot trading volume, was followed by Bybit with a 22% market share, and the more institutionally focused CME with a 14% market share.

Bitcoin futures exchanges by open interest:

screenshot 2022 04 11 at 15 48 02
Source: Acuiti

Looking at bitcoin options, however, Binance came in last with a market share of just 0.08%. Instead, the absolutely dominant bitcoin options exchange, according to the report, was Deribit, with a market share of 90%.

Following Deribit, OKX (formerly OKEx) and CME came in as the next largest bitcoin options exchanges with a market share of 3.28% each, Acuiti’s report found.

Bitcoin options exchanges by volume:

screenshot 2022 04 11 at 15 48 48
Source: Acuiti

SLC News Now

© 2021

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT