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Bitcoin News Roundup for July 9, 2020
With bitcoin headed back up and Brazil's real hitting new lows, CoinDesk's Markets Daily is back!
Updated Sep 14, 2021, 9:29 a.m. Published Jul 9, 2020, 4:08 p.m.
With bitcoin headed back up and Brazil's real hitting new lows, CoinDesk's Markets Daily is back with another news roundup.
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Today's stories:
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Ano ang dapat malaman:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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