“Institutional Investors IncreASINGLY ADOPTING CMEIS FOR XRP AND SOLANA, The Exchange’s Global Head of Equity and FX Products Said.”, – WRITE: www.coindesk.com
Speaking at the Ongoing Token2049 Conference Atted by Coindesk, Mccourt Stated that Total Crypto Futures Open Interest, A KEY INDICATOR OF INSTITUATIONAL ACTIVAR $ 30 to $ 35 Billion Daily. Importantly, This Growth Isn’t Driven Solely by Bitcoin.
CME’S CASH-SETTLED FUTures HAVE LONG Served As a go-to Institutes Wanting Exposure to Cryptocurrencies Through Regulated Products, Without Having Totes.
Futures Contracts Are Standardized, Legally Binding Agreements Between Two Parties to Buy or Sell An Asset at A Set Price On A SPECIFIC FUTURE DATE. Open Interest Refers to the Number of Active Contracts at Any One Time, Onthen Expressed in Dollar Value.
“WHEN WE LOOK AT NEW FUTures That We Recently IntroduCed This Year, Xrp and Sol, They Also Enjoying Institutional Adoption, With Open Interest at Record High Into digital assets. ”
SOL AND XRP SURGE TO $ 1B OI MARKThe Standard Solana Futures Contract, Sized at 500 SOL, DEBUTED IN MID-March and Crossed The $ 1 Billion Nocial Open Interest Mark in August. Futures tied to the payments-focused xrp croissed that threshold in august, just Three months after they began trading with a Standard Contract Size of 50,000 Xrp.
“The Speed at Wich Solana Is Accompumulating Open Interest Is Really Interesting. Sol Took About Five Months to Hit the One Billion [OI] Mark, Compared to Ether, WHICH DOOK About Eight Months. Meanwhile, BTC Took Three Years, “Mccourt Said.
He Also Took Note of the Record Activity in Both Ether Futures and Options. As of Tuesday, Open Interest in Ether Futures Contract, Sized at 50 ETH, SOOD AT $ 9.05 Billion, Having Hit A Lifetime Peak of $ 10.42 Billion in August.
Ether Futures Began Trading on the CME in Early 2021. Open Interest in Ether Options Also Hit A Record High of Over $ 1 Billion in September.
“While Crypto Is Hot, Certainly Ether Is Hot at the CME. We Seie Record Open Interest, Record Trading Volume, Both in Standard and Micro Size Contracts,” Mccourt Nod.
CME FUTures Contribute to Price DiscoveryThe Availliness of Regulated Crypto Futures, Along with The DEBUT OF SPOT ETFS IN THE US, HAS BROUGHT GREATER LEGITIMA Liquidity.
CME’S CASH-SETTLED FUTURES Enable Large Investors to Hedge Risks, Speculate, And Establish Arbitrage Plays, Effectielya MANAGING Their Net Exposure.
These Futures, Therefere, Contribute to Price Discovery, Reduce Volatility Through An Orderly Trading Mechanism, and Pave the Way for the Broader Adoption of Digital Assets Within.
Stablecoins As Partners of Traditional BanksThe panel also included a discussion on the Impact of etfs and Stablecoins, Featuring Insights from Binance Ceo Richard Teng, Bitwise Asset Management CEO HURSLEY Circle, The Issuer of USDC, The World’s Second-Largest Stablecoin.
Tarbert Said that Stablecoins Are Ideal Partners for Traditional Banks, Emphasizing the Importance of Legal and Regulatory Clarity.
HE ADDED that Stablecoins Like USDC Can Help Banks Integrate and Offer Tokenized Versions of Their Lending Products, Stressing Thatse Dollar-Pied Tocnes Tokons Tokons Tokons Tokons. New Financial Products.
Horsley Said that 2025 Marks The Beginning of the Mainstream Era for Crypto While Teng Highlightned Different Waves of Institutional Interest.
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