The latest price moves in crypto markets in context for Sept. 5, 2023.
trading volume increase 17% to $42 billion in AugustThe driving force behind the increase was Deribit’s options segment, with ETH options recording their highest volumes since March, Chief Commercial Officer Luuk Strijers told CoinDesk. Bitcoin experienced significant price swings between $25,000 and $30,000, triggering massive liquidations in futures and options on the platform and boosting hedging demand for options contracts. Deribit controls nearly 90% of global crypto options activity.
On Monday, the so-called exchange balance fell by 14,140 MKR to 65,000 MKR, the lowest since June 21.Source: Coinglass
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