Traders Financial News

Nasdaq is seeking the green light from regulators to launch and trade options on a bitcoin index, the exchange operator said on Tuesday. The U.S. Securities and Exchange commission has yet to approve options based on any of the individual exchange-traded funds tied to spot bitcoin prices that made their debut in January, including a Nasdaq application to trade options on BlackRock's $21.3-billion iShares Bitcoin Trust ETF.

crypto landscape is undergoing a major shift, with futures trading emerging as the preferred choice for traders. While spot trading faces hurdles like high taxation and liquidity constraints, crypto futures offer advantages such as leverage, lower capital requirements, and better tax efficiency. In an exclusive conversation on ETMarkets Livestream, Avinash Shekhar, CEO of Pi42, discusses why Indian traders are moving toward futures, how perpetual contracts work, and what’s next for the evolving regulatory landscape.

trading expert Saketh Ramakrishna explored the effectiveness of ratio spreads, especially in volatile market environments. This session focused on how traders can harness these strategies to navigate uncertainties in their trading approaches. Watch ETMarkets Live Stream Full Video Here

crypto market rising today? What factors are fueling renewed optimism and a surge in interest towards crypto assets, particularly among traders from traditional arenas? While acceptance of crypto assets has been slower among Indian traders, their Western counterparts, especially traditional traders in the US, embraced it much earlier. For them, exploring crypto opens doors to new opportunities beyond traditional markets, with a wide array of products and services available. Crypto is appealing to the Indian Equity Traders

risk for users and the crypto market. The soaring popularity of so-called "re-staking" is the latest sign of risk-taking in crypto markets as prices rally and traders hunt for yield. Bitcoin, the biggest cryptocurrency, is near all-time highs while ether, the second biggest, is up more than 60% this year.

Cryptocurrency trading has emerged as a dynamic and enticing arena, drawing a diverse mix of investors and traders with its promise of high returns and rapid market movements. In a recent live stream on ETMarkets, Parth Chaturvedi, Head of Investments at CoinSwitch Ventures, shared his expert insights into the reasons behind crypto's popularity and the strategies essential for navigating this volatile market. Chaturvedi's comprehensive discussion covered the nuances of market behaviour, the critical rules for successful trading, and the importance of leveraging advanced tools and indicators, offering a wealth of knowledge for both novices and seasoned traders.

New data shows that most global institutional traders have no interest in exposing holdings to digital assets although the number of pro-crypto firms has recorded a slight growth.

Decentralized finance (DeFi) protocol Yearn.Finance has called on arbitrage traders to return excess profits they accrued as a result of a multi-signature scripting error that led to a $1.4 million drain.

Binance, the world's largest cryptocurrency exchange, is drawing traders in India to buy and sell cryptos on its platform while letting them cut deals in rupees — by either online fund transfers from domestic bank accounts, or using services like G-pay, or even physical delivery of cash. Here's a case where an overseas exchange is offering an 'escrow service' that virtually matches a local buyer and seller in an offshore marketplace though the payment is settled here in INR. The transactions are learnt to have attracted the attention of regulators in India. Technically, Binance may not be breaking any law here as it is not running a rupee bank account but simply acting as a neutral third-party, providing an 'escrow facility' for transfer of cryptocurrencies which are anyway not recognised as legal tender. However, chances are that the local traders, putting in 'advertisements' for buying or selling cryptos on the Binance site, which is replete with Indian log-in names, may be overstepping rules on exchange control and anti-money laundering.

investors have adopted a cautious «wait and watch» stance as they anticipate the recovery of their beleaguered portfolios, created during crypto's most significant bull run in 2021, even as the crypto market shows signs of revival in the first half of 2023, driven predominantly by a resurgent Bitcoin. Bitcoin has jumped more than 80% in 2023, and the overall crypto market is now touching $1.19 trillion. «Most Indian crypto investors bought digital assets when the market was on a tear, and when in 2022 the market corrected sharply, their portfolios shrank substantially. Now they are just waiting to recover their initial investments. The 30% crypto tax has really dampened the enthusiasm of Indian crypto investors, further adding to their apprehension regarding the recovery prospects of their portfolios,» said Vishal Gupta, a Noida-based crypto investor. Chahal Verma, a Gurugram-based crypto investor said 2023 has proven to be an interesting year for the crypto markets, particularly Bitcoin, despite regulatory hurdles.

traders to now consider $30,000 as the next line in the sand. The world’s largest digital asset is mired in its sixth straight day of declines, with the token down roughly 20% over the past seven days. It’s now 50% below its November peak and was trading as low as $32,970 on Monday, the lowest since July. The coin’s selloff has pushed it to the most oversold since March of 2020, based on its Relative Strength Index (RSI) score of 19. Bitcoin is now approaching a support region of $30,000, where some analysts see it finding a near-term floor. Assets are considered overbought if its RSI crosses above 70 and oversold if it falls below 30.