Offshore Bitcoin Futures Trading Volume Reportedly Drops 97 Percent
(12 days ago) · 1 source · Summarized by CryptoBipto
According to a report, offshore Bitcoin futures trading volume has declined by 97 percent as traders shift away from traditional risk instruments. The article suggests that alternative trading methods have emerged to replace conventional futures contracts in the Bitcoin market.
WHY IT MATTERS
Futures contracts are agreements to buy or sell something at a set price on a future date. In crypto, they let traders bet on where Bitcoin's price will go without actually owning any Bitcoin. Think of it like placing a bet on the outcome of a sports game rather than playing in the game yourself. 'Offshore' exchanges are platforms based in countries with lighter financial regulations, which historically attracted large volumes of speculative trading. If futures volume on these platforms has truly dropped this dramatically, it could signal a major change in how and where people trade Bitcoin. For newcomers, this is a reminder that the infrastructure around crypto — where and how it is traded — is constantly evolving.
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- cryptoslate.com
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