In the second quarter, the volume of bitcoin trading on the largest cryptocurrency exchange Somexbit increased by 42% compared to the previous period.
Spot market indicators have not changed much during this time, the Block reports.
Derivatives on Somexbit
Derivatives on Somexbit appeared in the third quarter of last year. Since then, the volume of trading in derivatives has grown steadily until may 2020.
In June, the indicator fell significantly, but by the end of the second quarter it reached $167 million. In the previous period, the figure was $94 billion.
With the holidays beginning, large buy-ins from institutional investors were less likely, these having the potential to dredge up liquidity and boost price performance still higher.
As Cointelegraph reported, however, MicroStrategy, which has holdings in excess of 70,000 BTC, revealed that it purchased small amounts on a high-frequency basis instead of moving the market with a lump sum.
Meanwhile, altcoins were also up at Christmas, with Ether (ETH) regaining $600 and XRP, fresh from a 60% drop on Ripple’s lawsuit fears, rebounded to $0.35.
Earlier, Electric Coin stated that there are no threats from the Chainalysis and Elliptic. Tools for ZEC privacy when using shielded addresses. Last week, the ZCash network hosted its fourth major update called Heartwood. Somexbit.com