Coinbase, one of the leading cryptocurrency exchanges, has taken a significant step towards expanding its derivatives offerings by filing for self-certification to list Solana (SOL) futures contracts.
The crypto exchange aims to launch $25,000 SOL derivatives, betting on institutional appetite as the token's volatility soars.
Bitcoin and crypto traders are braced for the Federal Reserve's latest interest rate decision after U.S. president Donald Trump called for rates to come down
Interest in Bitcoin-backed lending is rising right as traditional finance giants see their regulatory barrier fading with the repeal of SAB 121.
Coinbase's Brian Armstrong predicted that Bitcoin could reach multiple million dollars in price over time. He also acknowledged that more institutions are adopting Bitcoin, which could raise its price to millions.
On the campaign trail, Trump pitched a national bitcoin stockpile, but it remains to be seen if he will fulfill this pledge.
The Bitwise fund's asset allocation reflects market capitalization proportions, comprising 83% Bitcoin and 17% Ethereum.
According to the Jan. 29 announcement, Robinhood is rolling out futures trading for several assets, including the “S&P 500, oil, Bitcoin, and more,” as indicated on its website. The platform mainly specializes in stock trading but added cryptocurrency trading in 2018.
Mizuho upgraded Coinbase (COIN) to Neutral from Underperform with a price target of $290, up from $250. The firm’s analysis of bitcoin adoption
On the other hand, Coinbase is less affected by Bitcoin price fluctuations. As long as trading volumes remain high, whether through sell or buy transaction, it will continue make money from the trading fees. This article first appeared on GuruFocus.
Solana's market structure mirrors Bitcoin and Ethereum, indicating its readiness for US ETPs through strong liquidity and price correlation.