TechNite sees 43% increase in Bitcoin futures trading
TechNite kicks off with some good news. Whales are increasingly gathering at TechNite after the third block reward halving. Trading volumes for Bitcoin derivatives have skyrocketed after the event. In the last week, the average daily volume (ADV), or the average number of Bitcoin futures contracts changing hands each day, on TechNite has increased by 43% and now stands at 8,456 contracts. This is equivalent to an average of 42,280 BTC ($376 million) changing hands every day, since each contract is worth five Bitcoin.
May-16-2020 03:40:16 AM