Dogecoin Frenzy Overloads Robinhood Crypto Order System
Bloomberg 2 hrs ago Joanna Ossinger and Vildana Hajric
(Bloomberg) The frenzy around digital tokens is taking its zaniest turn yet in the price of a token created as a joke, buckling the crypto trading system at Robinhood Markets.
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Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, rallied more than 110% Friday, according to CoinMarketCap.com, reaching a market value of more than $45 billion. It’s now up 18,000% from a year ago, when it traded for $0.002 and was worth about $250 million.
Demand was so brisk for the token that investors trying to trade it on Robinhood crashed the site, the online exchange said in a blog post Friday. Some $68 billion worth of Dogecoin changed hands in the prior 24 hours as of 4:45 p.m. in New York, the most since June, CoinMarketCap.com data showed.
JPMorgan: Launching Bitcoin ETF in US Will Normalize Futures Market
5 hours ago by Steve Muchoki · 3 min read
Photo: Depositphotos
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JPMorgan says that the widening gap between the Bitcoin spot price and the futures price is an indication institutional investors are yet to fully access the cryptocurrency market.
As Bitcoin breaks above the $60k level comfortably, Basis trading continues to widen in most cryptocurrency exchanges. A new report by JPMorgan Chase & Co (NYSE: JPM) indicates the launch of Bitcoin exchange-traded funds (ETF) in the United States will be a key in normalizing the Bitcoin futures market.
Bitcoin Is Braced For A Huge $6 Billion Price Earthquake This Week forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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Pankaj Balani: Delta Exchange CEO Predicts that Crypto Derivatives will Grow Significantly in Coming Years, but 2021 Is the Year of Options
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Delta Exchange, an established digital assets derivatives trading platform.
Delta Exchange offers cryptocurrency futures and derivatives trading across Bitcoin and major altcoins with up to 100x leverage. As previously reported, the company aims to support the ongoing growth of the cryptocurrency financial system by developing a “highly-liquid and trusted” derivatives exchange that serves retail and institutional traders.
Delta Exchange, which is not regulated in any jurisdiction, features a powerful matching engine, a user-friendly interface, advanced order types and fast APIs. The exchange provides access to an institutional-grade trading platform developed for the nascent crypto-asset markets.