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Top related persons:
Dado Ruvic - 1 Lucas Kiely - 1 languish - 1 disinclined - 1 Todd Groth - 1 CCData - 1 Dessislava Aubert - 1 Lisa Mattackal - 1
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United States Bengaluru
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REUTERS - 1 Derivatives - 1 Research - 1 Thomson - 1

Search resuls for: "Todd Groth"


2 mentions found


☆ Cryptoverse U.S. retail traders eye a fresh piece of the crypto derivatives pie
  + stars: | 2023-08-22 | by ( Lisa Pauline Mattackal Medha Singh | Lisa Pauline Mattackal | Medha Singh | ) www.reuters.com   time to read: +4 min
Their new platform is cryptocurrency exchange Coinbase Global (COIN.O), which on Aug. 16 became the first crypto-focused firm to win approval to offer cryptocurrency futures to U.S. retail customers. Yet, trading volumes in derivatives decreased by nearly 13% in July to $1.85 trillion, the lowest monthly volume since December 2022 and second lowest derivatives trading volumes since 2021, research firm CCData reported. Derivatives made up 78.2% of the total cryptocurrency trading volume on centralized exchanges in July, CCData reported. Spot cryptocurrency trading volumes also fell 10.5% to $515 billion in the same period, CCData showed. This essentially means that there is potential for growth in derivatives trading.
Persons: Dado Ruvic, Lucas Kiely, languish, disinclined, Todd Groth, CCData, Dessislava Aubert, Lisa Mattackal, Medha Singh, Sumanta Sen, Vidya Ranganathan, Mark Potter Organizations: REUTERS, Derivatives, Research, Reuters, Thomson Locations: United States, Bengaluru
☆ Cryptoverse: Every frog has its day as pepe pops 7,000%
  + stars: | 2023-05-16 | by ( Lisa Pauline Mattackal Medha Singh | Lisa Pauline Mattackal | Medha Singh | ) www.reuters.com   time to read: +5 min
Pepe, a coin inspired by an anthropomorphized frog popular in internet memes, leapt nearly 7,000% in the 17 days after its April 16 launch, hitting a market value of $1.8 billion by May 5, according to data tracker CoinGecko. "It's almost like, if the market is not moving up fast enough, traders find these smaller tokens to trade with." Since its launch in April, the token linked to Pepe the frog has raced up the list of meme coins in terms of market value. Binance says on its website that pepe has "no utility" or "value support mechanism". The centralized listings also opened the door for derivative trading for pepe, with leveraged exposures and volatility pushing Ethereum transaction fees higher, Devens said.
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