Huobi Prohibits Chinese Residents From Leveraging Cryptocurrency Derivatives 

Huobi Prohibits Chinese Residents From Leveraging Cryptocurrency Derivatives The Seychelles-based cryptocurrency exchange originally founded in China, Huobi, has officially banned Chinese residents from swapping cryptocurrency derivatives, according to the company’s revised user agreement. China is now listed as prohibited and residents from the country are forbidden to use Huobi’s service. Chinese Citizens Are Now Banned From Huobi’s Crypto Derivatives Products The digital currency […]

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$8.8 Trillion Traded in Cryptocurrency Spot and Futures Markets in Q1: Reports

$8.8 Trillion Traded in Cryptocurrency Spot and Futures Markets in Q1: ReportsThe combined total trading volume in the cryptocurrency spot and futures markets amounted to approximately $8.8 trillion in the first quarter, according to two new industry reports. The amounts represent a massive 314% quarterly increase for futures trading and 104% for spot trading. Further, the correlation between spot market trading volume and bitcoin’s price in […]

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