Bitcoins Share in Crypto Futures Trading Slides as Altcoin Profits Allure Traders CoinDesk

Image for article Bitcoins Share in Crypto Futures Trading Slides as Altcoin Profits Allure Traders  CoinDesk
News Source : CoinDesk

News Summary

  • Crypto traders are increasingly looking to alternative cryptocurrencies as 2023 draws to a close.The dollar value locked in the number of active futures contracts tied to bitcoin now accounts for 38% of the market-wide notional futures open interest of $30.45 billion..
  • Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin..
  • In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange..
  • That's the lowest in at least two years, according to data tracked by Coinalyze..
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