Crypto Platforms' Commodity Perps Boom
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
BitMEXs report reveals a surge in commodity perpetual swaps, with weekly volume soaring from $38.1 million to $25 billion in Q1. Silver led the charge, attracting traders seeking round-the-clock access to gold, silver, and oil. Binance also joined the fray, launching gold and silver perps in January. This growth underscores the appeal of crypto venues for those dissatisfied with traditional market limitations, despite a slight dip in the overall tokenized commodities market cap.
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