Express

Crypto Prime Broker Genesis Saw Surges In DeFi And Altcoin Activity

Mary Liu

Summary: According to a quarterly report released by Genesis, as traders saw decreasing opportunities to arbitrage from the difference between the Bitcoin prices of the spot and futures market, the demand for Bitcoin is on a downward trend, and institutions are turning to DeFi and altcoins.  Genesis stated that the launched bilateral options and forward liquidity in ...

According to a quarterly report released by Genesis, as traders saw decreasing opportunities to arbitrage from the difference between the Bitcoin prices of the spot and futures market, the demand for Bitcoin is on a downward trend, and institutions are turning to DeFi and altcoins. 

Genesis stated that the launched bilateral options and forward liquidity in SOL and other  Layer-1  (L1)  and blue-chip DeFi assets rapidly gaining adoption with institutional investors, the company saw Q3 spot volume traded reach $25 billion, while derivatives and spot transactions totaled more than $37 billion. 

By Mary Liu

Last Update:

Tags: ,,
Link: Crypto Prime Broker Genesis Saw Surges In DeFi And Altcoin Activity   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 16 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 5 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 7 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 9 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 12 days ago

    • You need to login to comment.