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Will Solana flounder from CME? Not real

The Solana Futures launched by CME GROUP, which is based on Chicago, was apparently on Monday For the first time overwhelming With only $ 12.3 in trading volume.

This is diminished compared to the folders recorded by Bitcoin (BTC) and Solana (SOL) in each of them (102.7 million dollars and $ 31 million).

Solana Futures recorded $ 7.8 million in open interest (OI) on the first day of trading. This is not even half compared to what was recorded in Bitco’s Bitcoin and ETEHREUM futures during their first appearance (both producers had more than $ 20 million in an open interest).

However, according to the Vetle Lunde of K33 Research, the first Solana appearance actually corresponds to the previous CEM Clebon launchers given the difference in the maximum market.

“The launch day sizes were much lower than the BTC and ETH launches. However, if you normalized the storage units to market caps on launch days, the launch is close to the two,”

According to Coinglass data, Solana Futures OI is currently $ 3.84 billion after registering a 1.79 % increase during the past 24 hours.

Binance represents the largest share of OI (27 %) with Bitget (23 %) and Gate.IO (17.42 %) in the second and third places, respectively.

CME also had a relatively weak start in the Bitcoin Derivatives Market, but it is now a dominant force. The Chicago giant trade company is a quarter of Bitcoin futures, bypassing Binance and other coded original giants. CME is also one of the largest players when it comes to

He even believed that CME’s Solana Futures was a fairly frightening start, its launch was still the moment of water gatherings in the sixth largest encrypted currency. It is a decisive step on the way to ultimately approving the investment funds circulating in Solana.

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