11 Hrs
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المشهد العربي
Crypto platforms extend into derivatives
Cryptocurrency trading platforms are experiencing an expansion in the trading of financial derivatives linked to traditional assets, with the percentage of contracts associated with these assets reaching 23.48% of total trading in August, up from just 0.5% in November. The monthly trading volume amounted to $778 billion, compared to $23.5 billion during the same period, representing a growth of nearly 33 times, according to data from Vasanara Digital Fund. These perpetual contracts, characterized by their lack of an expiration date and leverage, allow traders to participate without owning the underlying assets directly, reflecting significant growth in the digital derivatives market.
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