Binance Futures Platform Breaks $700 Million Daily Volume, Despite Bitcoin Lull

Bitcoin’s price has been showing significant bearish signs of late with the price of the coin struggling to make it very far above $8,000. However, on a more positive note, Binance’s recently-launched futures product has managed to have a record-breaking day this week.

Unfortunately, the dire situation in which the Bitcoin market finds itself is not as polar as a low price on one side, and institutional interest on the other. It has been pointed out that there are several negative metrics swirling around the major cryptocurrency.

eToro senior market analyst Mati Greenspan, a well respected Bitcoin bull, took it upon himself to point out that the current lull in the Bitcoin price is being compounded by low trading volume on exchanges, poor institutional uptake through other futures contracts, as well as dipping peer-to-peer trades. Read More...

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