With less than 2 weeks before the expected Bitcoin halving event, it performed a huge upward movement. However, with just 6 days away May 12, Bitcoin price declined sharply again and broken below $9,000. And after the event, Bitcoin price surged again. In theory, the value of the most prominent cryptocurrency should rise following the halving event since it means that new bitcoins would be harder to produce.
However, compared to 2012 and 2016, the crypto market has notably matured. It didn’t turn out to a strong bullish run, and bitcoin derivatives including futures and options are relatively more predominant these days, allowing for a more advanced price discovery among market participants.
Based on Skew statistics, it detailed that, on May 25, CME Group saw above $1 billion combined daily volumes, which is a milestone for CME. And BTC futures trading open interest in most derivatives exchanges are increasing.
The increasing interest on Bitcoin derivatives products including the futures and options trading, indicates that traders has not yet formed an optimistic attitude towards the BTC market. And the buy and sell power are evenly match. We can say that Bitcoin market will continue the sideway movement in a relatively short-term. Thus, compared to the spot market, BTC futures trading gives investors more chance to earn money.
Bexplus – 100x Leverage BTC Perpetual Futures Contracts
Bexplus is one of the bitcoin-based futures exchanges with no spread in cryptocurrency area. It offers you the opportunity to benefit from the price fluctuations on crypto market by longing or shorting. In Bexplus, you can trade perpetual contracts of Bitcoin, ETH, LTC, EOS and XRP with 100x leverage.
- High liquidity & no KYC
Bexplus is the first platform to effectively aggregate liquidity, and from 5 top exchanges. This means that Bexplus traders will get the best possible price across all of the most popular exchanges. Prices are in real time, so order execution is lightning fast, as a result mitigates the risk of slippage. There are no KYC requirements; sign up with email address takes less than a minute. Users from 30+ countries around the world, including USA, can trade futures contracts in Bexplus exchange.
- Trade anywhere anytime
Bexplus provides Android and iOS trading app, which give you the smooth, simple, yet professional trading experience as it is on official web. You can download the app from Google Play and Appstore and make profits anytime anywhere.
- Interest-bearing Wallet
Bexplus launches BTC Wallet especially for users who have not much experience in futures trading and want to earn money without risk. BTC wallet is an offline storage system encrypted with multi-signatured technology. All BTC stored in the wallet will be highly secured and protected. Deposit BTC in the wallet, you can enjoy up to 30% annualized interests.
- 100% deposit bonus
Get 100% BTC bonus when finished deposit in Bexplus. Each user can get a maximum of 10 free BTC at one-time deposit. Deposit 10 BTC, you will get 20 BTC credited in your account.
Post source: Bitcoin Futures is More Popular & Profitable After Halving?
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from The Bitcoin News – Bitcoin and Blockchain News https://thebitcoinnews.com/bitcoin-futures-is-more-popular-profitable-after-halving/
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