DRX(Derivatives X)
Today, decentralized finance is accelerating amid the growth of blockchain. As it becomes increasingly incorporated into the institutional system, profits are gradually decreasing amid price stabilization. Accordingly, we plan to further promote cryptocurrency trading and contribute to increasing profits by developing additional derivative products.
increasing profits
We are increasing accessibility to derivatives and helping blockchain developers cover their costs more easily so they can focus on technology development in a stable manner.
increasing profits
We are increasing accessibility to derivatives and helping blockchain developers cover their costs more easily so they can focus on technology development in a stable manner.
The increase in trading activity was accompanied by significant gains in the world's largest cryptocurrencies, including Bitcoin ( BTC ) and Ether ( ETH ), which saw gains of 40% and 32% respectively in January. According to a report by CryptoCompare, this growth has been primarily driven by speculation in derivatives markets rather than spot market accumulation.
Derivatives now account for 70.3% of the total cryptocurrency market, up from 68% in December, further highlighting the growing popularity of these derivatives for trading.
derivatives trading
Additionally, growing interest in decentralized finance (DeFi) has led to the development of more complex financial products such as options and perpetual swaps, further fueling the growth of the cryptocurrency derivatives market. Lastly, the overall bullish sentiment in the cryptocurrency market and the increasing acceptance of digital assets by institutional financiers have contributed to increased demand for futures and derivatives trading.
derivatives trading
Additionally, growing interest in decentralized finance (DeFi) has led to the development of more complex financial products such as options and perpetual swaps, further fueling the growth of the cryptocurrency derivatives market. Lastly, the overall bullish sentiment in the cryptocurrency market and the increasing acceptance of digital assets by institutional financiers have contributed to increased demand for futures and derivatives trading.
