derivative – DIGIT INFO

Declining But Dominant: WBTC Maintains Market Lead Over BTCB, RBTC, LBTC, and Other Derivatives

DIGIT — Sun, 02 Jun 2024 13:01:46 +0000

The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded its scale. Nonetheless, the past few years have seen a significant decline in the number of wrapped bitcoins in circulation, with more than 32% of […]

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Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days

DIGIT — Fri, 20 Jan 2023 22:30:59 +0000

Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022.
WBTC Remains Largest Operation in Terms of Bitcoin Custody Despite Recent Redemptions
The […]

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Backwardation in Bitcoin futures contracts shows pro investors lack confidence

DIGIT — Tue, 06 Jul 2021 16:37:02 +0000

BTC traders are still searching for a bottom, but derivatives metrics show sentiment is negative and even the rally to $40,000 had little impact.

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Cumulative Volume on Huobi Derivative Market Exceeds $20 Billion

DIGIT — Sat, 19 Jan 2019 18:03:09 +0000

Huobi has announced that its cryptocurrency derivative platform, Huobi DM, has surpassed $20 billion in cumulative trading volume. The announcement comes just one month after the platform exited beta mode. Also Read: Eastern European P2P Markets See Strongest BTC Volume in Over 12 Months Huobi DM Cumulative Trade Volume Doubles in 2 Weeks Huobi Derivative Market […]

The post Cumulative Volume on Huobi Derivative Market Exceeds $20 Billion appeared first on Bitcoin News.

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