Ethereum Derivatives Trading Volume Surpasses Bitcoin
Ethereum derivatives trading grew about 10% over the last month in anticipation of the Merge, taking up to 57% of the combined bitcoin and ether futures trading volume. In the past 24 hours alone, over $35 billion in ether futures was traded, compared to $32 billion in bitcoin futures.
Furthermore, the open interest, or the number of ether contracts that have not been settled, has almost doubled to $8.43 billion this week. For the month of Sep. 2022 to date, the total derivatives volume traded for ether is around $87 billion, compared to roughly $67 billion for bitcoin, data from Coinglass shows. Futures contracts are agreements to buy or sell an asset at a predetermined price sometime in the future.
Source
https://t.me/Crypto_Bitcoin_Blockchain
