TLDR
Crypto derivatives trading volume soared by 58 percent as compared to the prior month. The monthly volume reached $712bn in August, sufficient to surpass the previous high of $602bn registered in May 2020. Derivatives are valuable risk-management instruments for hedge funds, family offices, wealth funds, traders, etc. Futures, options, derivatives, and swaps are used by institutional investors and traders to hedge risk by deterring adverse price volatility from significant losses to their positions. The rise in crypto makes sense and is worth exploring for those who believe digital living will continue to proliferate.via the TL;DR App
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Written by ishanpandey | Building and Covering the latest events, insights and views in the AI and Web3 ecosystem.
