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