Several cryptocurrency exchanges reported daily records after the ban period ended in February.
Deribit saw several trading-related records on its platform yesterday, as the cryptocurrency options and futures exchange saw open interest surpass an all-time high of $29 billion. The platform's client assets reached a record high of $4 billion, while the exchange's 24-hour trading volume reached $12.4 billion – another all-time high.
“Note to self: Be humble.” Derrbit books On X.
Meanwhile, the official X account of Coinbase Institutional male The US-regulated futures exchange saw a record number of unique users in a single day on February 29 — more than 850 people, to be exact — contributing to the platform's second-best day ever with nearly $380 million in virtual volume traded in bitcoin. And ether. shrinkage.
“Coinbase Derivatives is committed to promoting a fair, transparent, reliable, and efficient marketplace for a diverse group of participants.” books on X, adding: “Follow us as we build more products and better infrastructure to meet this growing demand.”
The Greeks also live mentioned Record daily volume through its platform – $620 million in options volume.
The enthusiasm in the cryptocurrency markets is primarily driven by demand for newly launched Bitcoin ETFs in the US, coupled with a declining supply of Bitcoin. “You may have an upward spiral that continues for some time,” the senior ETF analyst said. In Bloomberg. Eric Balchunas explained.
Balchunas' comments come after US bitcoin ETFs achieved a record net inflow of $673.4 million on Wednesday, surpassing the previous record of $655.2 million set on their launch day on January 11.
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