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Institutional Trading and Cryptocurrency Industry

Institutional Trading and Cryptocurrency Industry

A growing number of indicators suggest that institutional players are continuing to enter the digital asset markets, which have been dominated to date by high-net-worth individuals and actively trading crypto enthusiasts. Case in point: Crypto markets are seeing all-time highs in futures contracts’ open interest at entities such as the Chicago Mercantile Exchange. Widely known as one of the world’s largest financial derivatives exchanges, the CME enables sophisticated traders to trade in asset classes such as agricultural products, energy, metals and crypto futures and options.

Traders on the CME are generally institutions, not individuals, which is why this open interest in the digital asset market is noteworthy. Institutions that are already onboarded and active on the CME — trading wheat and oil for example — are increasingly moving into crypto futures as an alternative asset class. In fact, derivatives volume increased to an all-time high in May, totaling $602 billion while total spot volumes increased 5% to $1.27 trillion. As a result, derivatives represented 32% of the digital asset market in May, compared with 27% in April, according to CryptoCompare’s most recent Crypto Exchange Review.

Other credible indicators include the latest report from Fidelity Digital Assets, a subsidiary of the $7.9 trillion asset manager. The survey found that of the nearly 800 institutional investors surveyed, almost 80% find something appealing about digital assets. Respondents ranked three characteristics of digital assets as almost equally compelling, that they: are uncorrelated to other asset classes (36%), offer an innovative technology play (34%) and offer a high potential upside (33%).  

But what’s far more eye-catching is the fact that six out of 10 respondents believe digital assets have a place in their investment portfolio — and this survey was done prior to the recent COVID-19 pandemic. If the survey were taken today, it would be interesting to see where the numbers would fall given widespread discussion that the global crisis could be a tipping point for the mass adoption of digital assets. 

For instance, macro investor Paul Tudor Jones recently publicized his investment in Bitcoin (BTC) and credited the pandemic with substantially altering his interest in digital assets. His thesis is that quantitative easing will lead to inflation and he views Bitcoin as one of the best inflation hedges.

Support for crypto assets at this level instills confidence in the asset class a whole. The proof is in the numbers and the numbers reveal that crypto assets are becoming increasingly popular with institutional investors.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Kristin Boggiano is president and co-founder at CrossTower. Kristin is a structured products, regulatory and digital asset expert who brings over 20 years of experience as a trading and regulatory lawyer and over 9 years in digital asset trading and regulation. Prior to founding CrossTower, Boggiano was a chief legal officer of AlphaPoint, managing director of an algorithmic trading platform at Guggenheim, and special counsel at Schulte Roth, where she founded the structured products and derivatives division and led the regulatory group for Dodd Frank. Kristin is also the founder of Digital Asset Legal Alliance and Women in Derivatives. She earned her law degree and MBA from Northeastern University and her B.A. from Sarah Lawrence College.

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Source: www.cryptobitnews.co.uk


Dow futures jump 590 points as Trump seen weighing $1 trillion stimulus; investors await Powell testimony

Dow futures jump 590 points as Trump seen weighing $1 trillion stimulus; investors await Powell testimony

U.S. stock-index futures were higher Tuesday morning, aiming to add to the previous day’s rally amid reports that President Donald Trump is backing a $1 trillion infrastructure spending package to add more fiscal stimulus to help the economy recover from the coronavirus pandemic.

Investors also are awaiting testimony Tuesday from Federal Reserve Jerome Powell, after the Fed expanded its corporate bond buying program Monday to include purchases in the secondary market.

Both the S&P 500 and the Dow mounted their sharpest reversal to finish in positive territory since March 19, according to Dow Jones Market Data.

On Tuesday, the market’s early advance was being attributed to a Bloomberg report that the Trump administration was working on a $1 trillion infrastructure spending package to help revive the economy on the back of an existing infrastructure funding that comes up for renewal on Sept. 30.

Meanwhile, market participants will be watching remarks from Federal Reserve Chairman Jerome Powell as part of his two-day semiannual testimony before the U.S. Congress. Powell’s Senate testimony starts at 10 a.m. Eastern, though he is expected to reiterate the bleak outlook for the economy outlined at the Fed’s policy meeting last week.

Read: MarketWatch’s Need to Know column: A budding recovery could run into trouble after the election, warns Goldman Sachs

On Monday, the stock-market shrugged off evidence of rising coronavirus infections in nearly half of U.S. states and added to gains after the Fed said it was expanding the scope of its $750 billion emergency corporate debt loan facility to include individual corporate bonds.

One key piece of U.S. economic data on Tuesday will be a reading of retail sales data for May which is expected to show signs of recovery after a slump in April.

Looking beyond that, investors also will digest a reading of industrial production for May at 9:15 a.m.while, reports on business inventories and housing market index are due to be released at 10 a.m. In addition to Powell, the Fed’s No. 2 to Chairman Richard Clarida will speak at 6 p.m.

Check out: ‘The dollar is going to fall very, very sharply,’ warns prominent Yale economist

Source: www.marketwatch.com

Author: Mark DeCambre


White Label Cryptocurrency Exchange Development: A Cost-Effective Business Solution From Blockchain App Factory

White Label Cryptocurrency Exchange Development: A Cost-Effective Business Solution From Blockchain App Factory

CHENNAI, India, June 16, 2020 /PRNewswire/ — Cryptos are generating a lot of interest and even bringing in good returns. With a surge in new takers, the trade volume has increased manifold. Currently, Bitcoin, an asset that is uncorrelated to the stock market is used to offset any losses in a share portfolio due to global volatility.

As the interest in crypto trading increases, there is a growing demand for various types of crypto exchanges worldwide. This gives the big opportunity for crypto investors to launch a robust, and trader-friendly exchange to capitalize on the market demand.

At Blockchain App Factory, a white-label development company, assists you in launching all kinds of crypto exchanges with our expert-led development services. They will bring your idea into a 100% functional product with all required customization and features.

Here are the types of Cryptocurrency Exchanges

Centralized Exchange like BINANCE

It is the most commonly known type where the centralized exchange throughout the process moderates trade. Currently, it controls 90% of the crypto trading volume. So launching a robust platform with all necessary features will attract more traders.

Exclusive Features of Binance-like Exchange Development Solution

What cryptocurrency will become the main one in a year?
BitcoinEthereum

Decentralized Exchange-like LocalBitcoins

This exchange works like a centralized one, but without a centralized authority or engine to execute trades. So, by launching a P2P exchange, you can provide privacy, transaction anonymity to traders, and other features.

Escrow Wallet
Benefits of Multi-currency Crypto Wallet
Multi-currency support
Robust dispute resolution
Instant KYC/AML verification
User-friendly interface
Online/Offline trading options
Live-price tracking

Leverage/Margin Exchange like BitMex

This is the most profitable exchange for both traders and exchange owners. With our development solution, you can let the traders invest 1 BTC, in return, leverage up to 100 BTC. The exchange can charge 0.05% Transaction Fee on each trade.

24×7 trading with zero downtime
Up to 100x leverage on all your trades
Google 2FA & SMS
100 Crypto Trading Instruments
Multiple trade orders – Limit, Stop-Limit
GDPR Compliance
Trade Tournaments

So, use Blockchain App Factory’s expertise in providing cryptocurrency exchange development services and investing in the future economy. We offer exclusive marketing services to reach the masses.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

Cision View original content:http://www.prnewswire.com/news-releases/white-label-cryptocurrency-exchange-development-a-cost-effective-business-solution-from-blockchain-app-factory-301077410.html

SOURCE Blockchain App Factory

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Source: www.tmcnet.com


The Best Crypto Debit Card – BlockCard

The Best Crypto Debit Card – BlockCard

Crypto debit cards are a great way to get instant purchasing power from your Bitcoin, Bitcoin Cash, or other cryptocurrency. They act as the efficient bridge between the crypto world and existing financial systems because they are accepted almost everywhere traditional credit cards are accepted. However, all crypto debit cards are not created equal.

The BlockCard by Ternio has gained popularity amongst cryptocurrency enthusiasts due to its ease of use, unmatched features, and accessibility to the US market. It’s now the only card many traders, miners, and long term holders use for everyday purchases.

If you have been listening to the new Bitcoin.com Podcast with Dustin Plantholt, then probably know about BlockCard from their audio ads. As a partner, we have negotiated a special offer exclusively for our users.

Bitcoin.com EXCLUSIVE:
$10 Bonus with your first $100 Deposit on BlockCard

Learn more about BlockCard below

BlockCard has quickly positioned itself in the crypto market as more than just a debit card, but rather a swiss army knife encompassing a suite of features, enabling consumers to easily move from cash to crypto or crypto to cash.

Here are just some of the great features:

  • Users get two cards (plastic and virtual) with two unique card numbers
  • 13 cryptocurrencies are supported – including BCH and BTC
  • Optional FDIC insured bank account. Deposit USD and move into or out of crypto.
  • Apple + Samsung + Google Pay supported for watch or phone
  • Deposit crypto on the card or take your card to Walmart or 7-11 and add cash directly at the register
  • Unlimited 6.38% Crypto Back Rewards on all purchases
  • Signing up for a BlockCard could not be easier. Account Creation and KYC approval is nearly instant, which is a good onboarding experience for customers. Plus, with availability of a virtual card you can be spending in minutes. It has a Clean UI and easy to navigate which works well on desktop and mobile devices without needing to download any apps.

  • Visit the BlockCard website and create an account
  • Deposit crypto funds to the deposit address in your account
  • Enter your KYC information and get an immediate response
  • Upon passing KYC your virtual card is immediately available and your physical card is shipped to your home.
  • You can also sync your virtual or physical card with Apple, Google, or Samsung pay. This feature is not available currently with other crypto debit cards.

    Those with BlockCard accounts are also able to get an FDIC Insured bank account. It requires KYC just like the card, but gives you an easy way to move in or out of crypto. You can send money from your personal checking or savings account to your BlockCard Bank Account and then easily move into cryptocurrency. You can also move from crypto to US dollars with the same ease. The Bank Account operates like a traditional account, sending funds across ACH or Wire.

    Rewards programs on credit cards are not new, but most limit the rewards a card holder can earn or restrict the total dollar amounts or certain categories. BlockCard’s crypto back rewards are unmatched! You can earn up to 6.38% crypto back on any store purchases!

    Using BlockCard is a rewarding experience, literally. By participating in the TERN staking program you can earn up to 6.38% crypto back on all of your merchant purchases. That includes gas, groceries, phone bills, streaming subscriptions, travel, and more. There is no cap on the amount of earnings you can receive and is the most generous crypto back rewards program available today.

    The company behind BlockCard (Ternio) is US Based and there is a degree of confidence and trust that comes with that. With BlockCard customers in all 50 states, Ternio has been focused on delivering for their customers in a compliant and regulated environment. However, global expansion is already underway ensuring an inclusive product for users across the globe. Enabling customers to convert cryptocurrency into real world utility and have more control over their money than ever before. BlockCard will be opened for residents of 31 European countries next quarter, followed by APAC, LATAM, and EMEA.

    Bitcoin.com readers are entitled to an exclusive offer due to our relationship with Ternio. For a limited time, you can get $10 added to your first $100 deposit. BlockCard is a great product from its ease of use to it’s crypto back rewards. Try it now.

    Bitcoin.com EXCLUSIVE:
    $10 Bonus with your first $100 Deposit on BlockCard

    The post The Best Crypto Debit Card – BlockCard appeared first on Bitcoin News.

    Source: www.clublaura.com


    Institutional Trading and Cryptocurrency Industry


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