Distributed ledger technology can help solve longstanding challenges in US financial markets, the report said.
Derivatives news
According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval.
Bitcoin analysts and traders have long dreamed of a $100,000 BTC price, but what would the achievement mean for derivatives markets?
“The floodgates for Bitcoin’s next evolution in financial markets are about to open,” says Bitcoin custody firm Theya Head of Growth Joe Consorti.
The program will last for 30 days and points will be convertible to Arkham’s native token, ARKM.
As Bitcoin prices soared following the election, big banks are reportedly accruing $1.4 billion from futures contracts.
The prediction market has listed contracts for betting on events including a prospective Trump impeachment.
Analysts expect crypto products to proliferate after Republican presidential candidate Donald Trump’s Nov. 5 US election win.
Polymarket dominates with around $3.3 billion in betting volumes tied to the outcome of the US presidential race.
Data suggests traders are ignoring the current Bitcoin price correction and betting for new highs after the US elections wrap up.