With the bear market in full throttle, crypto derivatives retain their popularity
2022.07.06 13:26
With the bear market in full throttle, crypto derivatives retain their popularity
The 2022 cryptocurrency bear market has been the worst on record as most Bitcoin traders are underwater and continue to sell at a loss. In response to the rapid decline of token prices, some investors have fled to safe-haven assets; some have exited the market completely and others have perplexingly turned to the enigmatic market of crypto derivatives.
With regards to this, Cointelegraph spoke to BingX’s brand lead Emerson (NYSE:EMR) Li. BingX is a Singaporean social-based cryptocurrency exchange known for its leaderboards where users can compete with others for returns on investments as well as share ideas among their followers. The exchange processed around $319 million in trading volume within the past 24 hours, mainly consisting of derivates. Regarding the recent market downturn, here’s what Li had to say:
