Binance and others overtake BitMEX as most-used Bitcoin derivatives platform

As CryptoSlate has detailed extensively over the past few weeks, the dynamic of the crypto market has dramatically changed ever since Mar. 12’s Bitcoin flash crash, during which the market capitalization of the space lost almost 50 percent within a 24-hour time span. Data shows that BitMEX, a top cryptocurrency derivatives exchange, has been especially […]
The post Binance and others overtake BitMEX as most-used Bitcoin derivatives platform appeared first on CryptoSlate. …

Volatility Ahead: More Than 50K In BTC Options Contracts Set to Expire

Bitcoin has had a rough March in any measuring stick, with the coin itself halving in value in the span of a week. However, as […]
The post Volatility Ahead: More Than 50K In BTC Options Contracts Set to Expire appeared first on InsideBitcoins.com. …

Several key metrics suggest that Bitcoin could be preparing for a power move

Key metrics show that bulls may be betting heavily on Bitcoin as the coin reclaims ground from its late-February tumble in tandem with the global economy. Investors seem to be accumulating with real conviction. Bitcoin’s 7-day trading average volume as measured by the Bitwise 24-hour “real” spot volume index is at the highest level since […]
The post Several key metrics suggest that Bitcoin could be preparing for a power move appeared first on CryptoSlate. …

This relatively small amount of money will pump-and-dump Bitcoin’s price

BitMEX recently suffered an attack that resulted in $1.2 billion in liquidations. Despite the significant amount of money that its users lost, data reveals that the platform is still susceptible to market manipulation. BitMEX’s roll in the crypto derivatives market BitMEX is one the biggest and most liquid Bitcoin and crypto-asset derivatives trading platforms around […]
The post This relatively small amount of money will pump-and-dump Bitcoin’s price appeared first on CryptoSlate. …

Futures traders anticipating further declines even after Bitcoin’s colossal drop

Back-month Bitcoin futures contracts are trading at a steep discount to spot on the leading exchanges, indicating that derivatives traders could have low expectations for a price recovery after the coin’s recent capitulation. The basis, which measures the premium or discount between the spot price and the futures price, is often considered a useful gauge […]
The post Futures traders anticipating further declines even after Bitcoin’s colossal drop appeared first on CryptoSlate. …

BitMEX Derivatives Exchange Liquidates $700 Million worth Bitcoin

Bitcoin prices are crashing and creating a panic in the market. On Friday, the price of one Bitcoin reached $4,900, creating a new bottom this […]
The post BitMEX Derivatives Exchange Liquidates $700 Million worth Bitcoin appeared first on InsideBitcoins.com. …

FTX CEO: Bitcoin price might have gone to zero if BitMEX hadn’t gone offline

The CEO of Hong Kong-based crypto derivatives exchange FTX has speculated that if BitMEX had not gone offline on account of “hardware issues” Friday morning, the price of Bitcoin could have crashed to zero. Sam Bankman-Fried, a.k.a. SBF, mused in a thread on Twitter Friday morning that BitMEX may have pulled their exchange offline out […]
The post FTX CEO: Bitcoin price might have gone to zero if BitMEX hadn’t gone offline appeared first on CryptoSlate. …

Bitcoin hits 10% below spot price on BitMEX as funding rate tanks to lowest level in years

The price of Bitcoin deviated $400 below the BTC spot price on BitMEX’s Bitcoin perpetual swap contract as the platform’s funding rate cratered to its lowest level in years. The huge divergence came following a ferocious market-wide sell-off that saw Bitcoin shed nearly 40 percent against the dollar, one of the coin’s worst days on […]
The post Bitcoin hits 10% below spot price on BitMEX as funding rate tanks to lowest level in years appeared first on CryptoSlate. …

When crypto conferences and coronavirus collide

It isn’t only the markets that are being affected by the coronavirus. This image of the main stage at the CryptoCompare Digital Asset Summit in London tells a thousand words. As mass events and gatherings are canceled around the world, the CCDA Summit may well be the last major event of the industry this year. […]
The post When crypto conferences and coronavirus collide appeared first on CryptoSlate. …

Non-custodial crypto exchange Synthetix is preparing to offer derivatives trading on Ethereum

Non-custodial crypto exchange Synthetix, which is built on the Ethereum blockchain, is planning to add several new features to its platform, including derivatives trading.
The post Non-custodial crypto exchange Synthetix is preparing to offer derivatives trading on Ethereum appeared first on The Block. …