Standard financial instruments migrated to the crypt.
Bitcoin is volatile. Sharp price changes are sometimes caused by Elon Musk's tweets, mining bans in China, as well as derivatives. The crypto derivatives industry is booming due to the high demand for leverage. The crypto derivatives market is large enough. If you compare the 24-hour trading volume of energy contracts, this is $ 104 billion from $ 48 billion of crypto.
Derivatives are now trading much more than the coins themselves.
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