Ethereum Open Interest On Deribit At A 3-Year High

[Mathman 0]

Ethereum open interest for perpetual futures contracts on Deribit, a crypto derivatives exchange, is at a three-year high, Glassnode data on May 30 reveals. 

Perpetual futures are a kind of derivative that tracks the performance of an underlying asset, in this case, Ethereum, allowing traders to not only “buy” but also short-using leverage. These financial derivatives allow investors to gain exposure to the underlying without buying or selling it directly. 

Source: https://cryptounveil.com/?p=2909

 

[emmausa 0]

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